Manager, Private Equity Fund Services

Baker Tilly•Frisco, TX

21h•$69,300 - $191,300

About The Position

The Private Equity Fund Services Manager oversees the day-to-day delivery of private equity client services, including quarterly financial reporting, investor capital statements, capital calls and distributions, carried interest and waterfall calculations, management fees, recurring fund liquidity and treasury requests, and ad hoc investor relations requests. The role requires mastery of complex private equity fund accounting and oversight of the financial reporting and capital call and distribution processes. The Manager manages client relationships and serves as an escalation point for clients and internal employees. The position works regularly with clients, team members, and internal management, and directly supervises senior and associate team members. It provides guidance, coaching, training, and technical support, contributes to team leadership and professional development, and may assist with or lead new business development objectives. Baker Tilly is an advisory, tax, and assurance firm operating through an alternative practice structure. The position's work location status should be discussed with a Baker Tilly talent acquisition professional. The stated pay range is $69,300 to $191,300; actual compensation depends on relevant qualifications and other factors. Eligible employees are offered a compensation and benefits package.

Requirements

At least 5 years of relevant experience in accounting or a related field.
At least 2 years of supervisory experience covering performance management, coaching, staff management, performance reviews, training, talent acquisition, and retention.
Bachelor's degree or higher in Accounting or a related field.
Experience forecasting and budgeting during an accelerated growth period.
Proficiency in Microsoft Office Suite.
Ability to multitask, manage time, attend to detail, plan, and solve problems.
Professional and effective written and oral communication with current and potential clients.
Ability to work in a fast-paced environment and manage multiple team and individual priorities and deadlines.
Mastery of complex private equity fund accounting skills.

Nice To Haves

Experience with commercial real estate fund accounting; exposure to property-level and ownership accounting is preferred.
MBA or MSA in Accounting or a related field is strongly preferred.
CPA license is strongly preferred.
Knowledge of Investran or other private equity accounting software is a plus.
Experience with Investran or Yardi is preferred.

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 comply with the Fund's Operating Agreement.
Oversee and review distribution notices and calculations, ensuring distributions comply with the Fund's Operating Agreement.
Understand and interpret terms in Fund Operating Agreements.
Calculate and review complex waterfall structures and associated carried interest.
Calculate management fees and ensure timely payment to the management company.
Communicate with Fund General Partners or Managers and promptly respond to information requests.
Complete regulatory forms and ensure compliance with lender debt covenants, regulatory requirements, and other Operating Agreement provisions.
Review investment agreements to confirm purchases and sales agree with Fund-level cash movements.
Work with auditors and provide reports and support for year-end audits.
Complete audit confirmations for audits of investors or the Fund.
Manage multiple tasks, client deliverables, and internal demands.
Supervise, guide, and coach team members, providing regular training support.
Maintain and update job knowledge through educational opportunities, company and team training, professional development, and professional networks.
Take on additional duties as assigned by management.
Use Excel and other PEFS software with mastery of the technical skillset.
Advise clients on questions and concerns using subject-matter expertise.
Serve as a resource to team members on technical questions and team processes and procedures.
Conduct ongoing team training and provide input on broader training and development opportunities.
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.