Position Description: This position is responsible for the overall accounting, reporting and operations for a private equity investment fund being formed to make investments in the corporate credit markets. Responsibilities include managing analysts/associates in the day to day operations of the fund, as well as managing projects including system set-up and design of daily processes.
Scope of Duties:
Lead, motivate, and coach a team in the completion of various areas of responsibility.
Oversee preparation of quarterly and annual financial statements and footnotes.
Coordinate audit process and address / resolve inquiries from external auditors.
Prepare and / or present various work paper and financial data analyses based on requests from the business unit and investors.
Oversee fee calculations (i.e. management fees, acquisition fees, etc.), ensuring calculations are in accordance with applicable agreements. Provide fee projections to corporate upon request.
Understand partnership agreements to determine correct income allocations / cash distributions to partners.
Determine and review investor capital call and distribution notices.
Coordinate deal fundings and distributions with business unit and prepare memos documenting flow of funds.
Coordinate and oversee IT initiatives to automate process, complex partnership calculations and reporting.
Oversee documentation of accounting processes.
Complete special projects related to the fund.
Prepare formal semi-annual performance evaluations for direct reports.
Focus on continuous improvement; provide guidance on career growth throughout the year on an informal basis.
