Senior Consultant, Private Capital Fund Accounting - CEDENT
Chicago, IL
About the Job
Title: Senior Consultant, Private Capital Fund Accounting@ Chicago, IL
Terms of Hire: Full Time.
Salary: $ 82,000–$90,000 /YR+ Benefits.
Job description
Private Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting.
Day-to-day responsibilities for a Private Capital Administration Senior Consultant include coordinating client service deliverables/projects, setting short-term priorities, and ensuring timely and accurate completion of tasks. Interact with PE Fund clients directly and manage issues and client expectations, if necessary. Possesses the knowledge, leadership and organizational skills required to prioritize assignments and provide assistance to staff. Candidate will be able to operate independently and may be requested to work on large and/or complex projects/initiatives as needed.
Major Duties:
Knowledge/Skills
This position is technical and service relationship oriented. Knowledge of private equity fund industry, products, and services for specified area, usually obtained through training and/or related work experience is critical and required to service clients. Communication and negotiation skills are required to ensure client satisfaction. Analytical skills are required in reviewing, researching, and resolving issues surrounding accounting and financial aspects across transactional and summary levels.
Experience
3-4 years of accounting /securities operations experience and 5-6 years private equity fund accounting/administration experience with demonstrated growth of responsibility is a must with a minimum of 3 years client servicing or related experience.
We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
The ideal candidate will have a formal education in accounting and/or related business degree, understand the complexities of the private equity markets via past experience, and be well acquainted with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).
. You Will Enjoy:
Terms of Hire: Full Time.
Salary: $ 82,000–$90,000 /YR+ Benefits.
Job description
Private Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting.
Day-to-day responsibilities for a Private Capital Administration Senior Consultant include coordinating client service deliverables/projects, setting short-term priorities, and ensuring timely and accurate completion of tasks. Interact with PE Fund clients directly and manage issues and client expectations, if necessary. Possesses the knowledge, leadership and organizational skills required to prioritize assignments and provide assistance to staff. Candidate will be able to operate independently and may be requested to work on large and/or complex projects/initiatives as needed.
Major Duties:
- Be technically competent regarding complex, extensive, high profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, management fees’ investment purchases, divestments, carried interest calculations, etc. ensuring they are executed according to the LPA and standard accounting policies and procedures. This may require direct interaction with external senior investment management/principals and/or CFOs, Controllers, CCOs.
- Provide input, maintains and monitors departments risk management and compliance programs for assigned team. Monitors client relationship and servicing activities to ensure the team is adhering to the client’s service level agreement.
- Establishes & cultivates working relationship with clients and partners. Act as key a communicator between the client and client service teams for the deliverables and servicing activities. Understands client needs and reviews service requests to ensure the request has adequate information for a successful implementation.
- Coordinates and participates in training presentations regarding area’s products and services with partners and conducts on-the-job training with staff.
- Ensures that all necessary client documentation is completed according to audit guidelines.
- Monitors turnaround times so that product/services are provided by due date.
- Monitors and verifies account set up, maintenance and services for accuracy and completeness.
- Reviews all bespoke, non-standard procedures for account processing.
- Provide management updates on transactions, including statistics on volume, productivity, new developments, service, and sensitive issues on a regular basis.
- Completes department and individual Key Performance Indicators per established procedures.
- Provide input and assist in implementing new technology and efficiency initiatives.
Knowledge/Skills
This position is technical and service relationship oriented. Knowledge of private equity fund industry, products, and services for specified area, usually obtained through training and/or related work experience is critical and required to service clients. Communication and negotiation skills are required to ensure client satisfaction. Analytical skills are required in reviewing, researching, and resolving issues surrounding accounting and financial aspects across transactional and summary levels.
Experience
3-4 years of accounting /securities operations experience and 5-6 years private equity fund accounting/administration experience with demonstrated growth of responsibility is a must with a minimum of 3 years client servicing or related experience.
We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility.
The ideal candidate will have a formal education in accounting and/or related business degree, understand the complexities of the private equity markets via past experience, and be well acquainted with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).
. You Will Enjoy:
- 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