Assistant Vice President - Private Equity Fund Accounting & Operations

New York Life•New York, NY

4d•Hybrid

About The Position

The Assistant Vice President is responsible for overseeing the accounting, reporting, and operational activities for a portfolio of private equity funds. This role serves as the primary reviewer of fund accounting deliverables while managing day-to-day relationships with fund administrators, auditors, and internal business partners.

Requirements

CPA strongly preferred
Bachelor's degree in Accounting with a minimum of 5-7 years of relevant work experience preferred
Experience working with a fund administrator and auditors
Strong knowledge of private equity structures and US GAAP accounting requirements
Proficient using Investran and Microsoft Office applications
Strong desire and ability to leverage technology
Strong quantitative and qualitative analytical skills
Strong leadership, communication, and mentorship skills
Strong work ethic and high level of attention to detail
Ability to meet challenging deadlines while maintaining quality and accuracy

Responsibilities

Oversee fund’s operating activities (investor level and portfolio level)
Perform cash and credit facility management relating to funds
Daily review of all financial transactions entered in Investran on a US GAAP basis for private equity fund structures and related entities
Review of detailed data relating to investments, investors, and legal entities as required for internal and external reporting
Review fund administrator deliverables, including financial statements, capital account statements, capital call notices, distribution notices, management fees, and NAV packages
Approve waterfalls and carried interest calculations
Coordinate with fund administrators to ensure timely issuance of quarterly/annual financial statements and capital account statements for each entity
Collaborate with external auditors to ensure annual audits are completed timely and efficiently
Confirm legal entity, investor, and investment onboarding and set-up in Investran and fund administrator systems
Approve performance metrics for both investments and investors
Ensure internal controls and established accounting policies are consistently followed
Ability to manage multiple funds and deadlines simultaneously
Function within various operational and system workflows (Unqork, Investran)
Address any regulatory, investor, and management reporting requests
Interact with various groups within the organization (investor relations, legal, tax, marketing, and investment teams) to obtain and provide timely information
Manage and train small teams of junior resources (if applicable)
Capable of interpreting partnership agreements and applying terms to fund operations
Participation in special projects to enhance accounting, operations, and reporting processes