Manager, Private Equity

Apex Group • Charlotte, NC

3d • Hybrid

About The Position

The Manager will work as part of a team servicing clients, will have direct communication, and will work towards becoming an extension to the client’s finance organization. This role involves fund and investor accounting, cash forecasting and budgeting, and portfolio accounting. The company is a global fund administration and middle office solutions provider with a significant international presence and a focus on employee growth and innovation.

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.
• Credit funds exposure.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.
• Knowledge of US GAAP with an emphasis on investment partnerships.

Nice To Haves

• CPA Preferred.
• 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.

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/sale agreements, 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.
• Four (4) days in office requirement.

What This Job Offers

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