Assist with middle and back-office operations and account services on private market funds
Record transactions to the company’s investment management system
Liaise with investment managers, third party administrators and banks
Track forecasted cash flows – capital calls, distributions, invoices, etc.
Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
Review management fee calculations, including offset amounts, management fee waiver contributions, etc.
Review investor allocations and capital account statements
Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
Review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
Prepare and/or review financial statements, notes disclosures, and supporting schedules
Work on the year-end audit process, in collaboration with the client and auditors and service providers

3 to 5 years of fund accounting/operations experience, ideally at a fund administrator, investment manager, public accounting firm or other financial institution
Knowledge of private equity, private credit, fund accounting, legal structures, investment objectives, fee structures.
CPA preferred but not required
Strong quantitative and qualitative skills
Advanced professional proficiency in Microsoft Excel

Client Operations Associate, Private Markets

Key skills