The Director will be responsible for a broad spectrum of financial and accounting matters affecting Private Equity clients. The incumbent should have a strong background in accounting for alternative investment funds, with a focus on private equity, proven client management skills, and the ability to manage and lead a team in monitoring client deliverable and meeting deadlines.
- Manage multiple fund relationships, including scheduling and meeting all client deliverable
- Maintain/manage client expectations and coordinate deliverable timelines with staff
- Demonstrate strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on private equity funds
- Participate in new business discussions with prospects and existing clients
- Prepare and maintain goals and career development plans for all direct reports
- Prepare semiannual performance appraisals and discussions for all direct reports
- Provide guidance and direction to staff on all technical and client-service-related topics
- Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
- Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
- Review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
- Review management fee calculations, including offsetable 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
- Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
- Prepare and/or review financial statements, notes disclosures, and supporting schedules
- Develop/maintain robust review procedures around deliverable
- Manage the year-end audit process, in collaboration with the client and auditors
- Where applicable, support the tax team with information to prepare tax compliance/reports
- Help develop and support targeted, continuing education for all direct reports
- Support corporate goals and business/departmental initiatives
Job Skills/Qualifications:
- Bachelor's degree in Accounting or related field
- min 10+ years experience in accounting, with a focus on alternative investments funds - private equity experience a plus
- CPA designation a plus
- Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, with an emphasis on investment partnerships
- 3+ years experience supervising two or more professional staff
- Hands-on management style with strong leadership skills and ability to develop staff
- Demonstrated project management skills with the ability to multitask
- Excellent interpersonal and communication skills
- Proficiency in Microsoft Office suite, with advanced Excel skills
- Sungard Investran experience a plus
- Team player
