Manager, Private Equity Fund Services

Baker Tilly • Minneapolis, MN

17h • $78,200 - $129,200

About The Position

The Private Equity Fund Services (PEFS) Manager oversees day-to-day private equity client deliverables, including quarterly financial reporting, capital call and distribution calculations and notices, carried interest calculations, management fees and other complex fee calculations, recurring reviews of fund liquidity and treasury requests, and ad hoc investor relations requests.

The manager maintains client relationships and serves as an escalation point for clients and internal employees. The role involves regular interaction with clients, team members, and internal management; mastery of complex private equity fund accounting; and oversight of financial reporting and capital call and distribution processes. The manager directly manages and oversees senior and associate team members, provides guidance, coaching, training, and support, and acts as a technical and process resource. The role may also assist with or lead new business development objectives.

Requirements

• At least 5 years of relevant experience in accounting or a related field.
• At least 2 years of supervisory experience involving 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, pay attention to detail, plan, and solve problems.
• Ability to communicate and interact professionally and effectively in writing and orally 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 is strongly preferred.
• Certified Public Accountant (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 the 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 they comply with the Fund's Operating Agreement.
• Understand and interpret terms in a Fund's Operating Agreement.
• Calculate and review complex waterfall structures and carried interest.
• Calculate management fees owed to the management company and ensure they are paid promptly and on time.
• Communicate with Fund General Partners or Managers and respond to information requests.
• Complete regulatory forms and monitor compliance with lender debt covenants, regulatory requirements, and other provisions in the Fund's Operating Agreement.
• Review investment agreements to confirm purchases and sales agree with Fund-level cash movements.
• Work with auditors and provide reports and supporting information during 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 the team, including providing regular training.
• Maintain job knowledge through educational opportunities, internal and team training, professional development, and professional networks.
• Take on additional duties assigned by management.
• Use Excel and other PEFS software effectively and advise clients on technical subject matter.
• 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 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager