Manger, Private Equity (VP level)

Apex Group • Charlotte, NC

1d • Hybrid

About The Position

The Apex Group, established in Bermuda in 2003, is a global leader in fund administration and middle office solutions. With a presence in 112 offices worldwide and over 13,000 employees, Apex Group is committed to empowering its employees and fostering innovation. This role is for a Manager – Fund Accounting Private Equity (VP level) who will work as part of a team servicing clients, acting as an extension of the client’s finance organization. The company prides itself on a connected and inclusive culture, with a four-day in-office requirement.

Requirements

• Bachelor’s degree in accounting/finance required.
• 6 -10 years of professional experience (A mix of private and audit preferred).
• Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience).
• Strong Fund and Partner accounting knowledge.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.

Nice To Haves

• CPA Preferred.
• Credit funds exposure.
• Portfolio accounting, complex investment structures preferred.
• Experience in fund accounting with a focus on private equity experience.
• Knowledge with LPA or other governing documents.
• Experience with waterfall calculations.
• Basic knowledge of Level 3 valuation methodologies.
• Experience with audit process, including internal control and test of details.
• Knowledge of US GAAP with an emphasis on investment partnerships.

Responsibilities

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Review fund reimbursable expenses.
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
• Prepare fund financial statements with footnotes and supporting schedules.
• Prepare partner allocations and capital account statements.
• Understand/review of LPAs, purchase/sales agreement, side letters, etc.
• Coordinate and support the audit for both SSAE 16 audit and fund audit.
• Support the tax team with information to prepare tax compliance/reports.
• Assist with other regulatory reporting.
• Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).
• Responsible for bank and brokerage reconciliations.
• Assist with Ad hoc financial analysis for client.
• Assist with credit facility drawdowns for the fund.
• Track portfolio company transactions (purchases, income, liquidity).
• Understand complex investment structures (hold companies, blockers, tax withholding, etc.).
• Calculate investment IRR.
• Accounting for holding companies and blocker entities.

Benefits

• A high level of visibility within a large organisation on an upwards trajectory
• The ability to define marketing processes to drive innovation and have a tangible impact on the business
• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
• Opportunity to work with a diverse, agile and global marketing team.
• The opportunity to innovate, bring discipline to brand activity and really make a difference.

What This Job Offers

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