Manager, Private Equity Fund Services

Baker Tilly•Frisco, TX

About The Position

The Private Equity Fund Services (PEFS) Manager oversees day-to-day operations for private equity client deliverables, including quarterly financial reporting, capital calls and distributions, carried interest, management fees, treasury requests, and investor relations requests. The role manages client relationships and serves as an escalation point for clients and internal employees. It requires advanced private equity fund accounting expertise and oversight of financial reporting and capital call and distribution processes. The manager supervises senior and associate team members and provides guidance, coaching, training, and support. The position regularly interacts with clients, team members, and internal management.

Requirements

At least 5 years of relevant experience in accounting or a related field.
At least 2 years of supervisory experience, including performance management, coaching, staff management, performance review delivery, training, talent acquisition, and retention.
Bachelor's degree in accounting or a related field.
Ability to multitask, manage time, attend to detail, plan, and solve problems.
Professional and effective written and oral communication skills with current and potential clients.
Ability to work in a fast-paced environment and manage multiple team and individual priorities and deadlines.

Nice To Haves

Experience with commercial real estate fund accounting; exposure to property-level and ownership accounting is preferred.
Advanced degree (MBA or MSA) in accounting or a related field.
Certified Public Accountant (CPA) license.
Experience in forecasting and budgeting during an accelerated growth period.
Proficiency in Microsoft Office Suite.
Knowledge of Investran or other private equity accounting software.
Experience with Investran or Yardi.

Responsibilities

Oversee and review preparation and distribution of quarterly financial statements and investor capital statements.
Oversee and review schedules supporting general ledger balances reported in quarterly financial statements.
Oversee and review capital call notices, ensuring calls adhere to the Fund's Operating Agreement.
Oversee and review distribution notices, ensuring calculations adhere to the Fund's Operating Agreement.
Understand and interpret terms in fund Operating Agreements.
Calculate and review complex waterfall structures and carried interest.
Calculate management fees owed for investment and portfolio management services and ensure timely payment.
Communicate with fund General Partners or Managers and promptly respond to requests for information.
Complete required regulatory forms and ensure compliance with lender debt covenants, regulations, and provisions of fund Operating Agreements.
Review investment agreements to confirm purchases and sales agree with fund-level cash movements.
Interact with auditors and provide reports and support during year-end audits.
Complete audit confirmations for audits of investors or the Fund.
Manage competing tasks, client deliverables, and internal demands.
Supervise, guide, and coach team members, including providing regular training.
Maintain job knowledge through educational opportunities, internal trainings, professional development, and professional networks.
Take on additional duties as assigned by management.
Use Excel and other PEFS software with a high level of technical proficiency.
Advise clients on questions and concerns as a subject-matter expert.
Serve as a technical and process resource for team members.
Conduct ongoing team training and provide input on training opportunities at the global company level.
Provide daily leadership across the team and organization.
Serve as an escalation point for internal team members and client relationships.
Assist with and, at times, lead new business development objectives.