Private Equity / Hedge Funds - Vice President - CEDENT
Princeton, NJ
About the Job
Title: Private Equity / Hedge Funds Fee Oversight Vice President @ Princeton / Wilmington, NJ
Terms of Hire: Full time
Job description:
Role Responsibilities
Terms of Hire: Full time
Job description:
Role Responsibilities
- We are looking for a candidate to work as part of a global team that will be able to make an immediate contribution to various projects with a specific focus on Performance and Management fees and complex waterfalls. This includes effectively understanding the business and specific issues that need to be addressed, developing a strategy, tracking key milestones, leveraging firm resources and skills to execute on plans, and efficiently deploying the solution across the Alternatives Operations team. Specific responsibilities include:
- Carried Interest and/or Incentive Fee Expertise
- Understand incentive fee calculations for hedge funds and carried interest waterfall calculations for closed end funds
- Review existing unrealized and realized waterfall models which include preferred return, recycling capital, carried interest and clawback
- Partner with internal teams and third-party administrators to build and/or review fee calculations for funds recently launched funds
- Interpret complex fee agreements and other legal documentation such as LPAs to ensure timely and accurate fee calculations
- Participate in new business discussions with Product and prospective and existing clients related to fee structures
- Project Management and Oversight
- Lead the continuous assessment of the oversight model to ensure fee calculations follow the governing legal documents
- Lead the continuous assessment to ensure that the Alternatives Operations team operates within the best in class control environment
- Understand the various Alternatives strategies within client's Alternative Investments (BAI) and the challenges faced by each team
- Understand the alternatives industry and how changes to that industry will impact BAI
- Ensure new funds are onboarded within the best in class control framework
- Ensure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are met
- Effectively communicate complex concepts and procedures to all levels throughout the firm
- Technology and Future State
- Partner with internal teams to build and troubleshoot management and performance fee calculations in eFront
- Drive the technology requirements for new and existing fee enhancements, including appropriate test planning and rollout of process
- Build and maintain a strong knowledge of Aladdin infrastructure and the future roadmap
- Occasional travel between the East Coast offices including Princeton, Wilmington, and New York
- Minimum Qualifications
- 7-10 years of work experience in financial services, 5+ years alternative investments preferred
- Understanding of Hedge Funds and/or Private Equity and fund of funds waterfall structures
- Complex modeling ability with experience in carried interest and management fee calculations
- The ability to read, understand, and follow complex partnership agreements and offering materials
- Strong project management and time management skills
- The ability to prioritize, multi-task, and work independently
- Excellent communication, presentation skills, and comfort in senior management communication
- Outstanding academic achievement, broad based work experience, and demonstrated leadership experience
- Creativity with an analytical mind and openness to using technology to solve problems
- Entrepreneurial spirit that is willing to take on additional responsibility quickly
- Proficiency with eFront
- Management reporting and/or investment partnership accounting experience
- Proficiency with a coding language such as VBA, SQL, or Python.
- Experience guiding junior staff
- An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
- Apply today to learn more and be part of our Growth story.
Source : CEDENT