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Associate Manager (AVP) Private Equity
Ref No.: 18-03162
Location: New York, New York
Position Type:Full Time
Pay Rate : $ 100,000.00 - 120,000.00 /Year
Associate Manager – Private Equity Funds - NYC
Job Summary:
Associate Manager – Private Equity Funds: will help manage and monitor transaction processing, proper application of accounting principles to complex transactions, and financial reporting, for our private equity clients.
Job Description:
Associate Manager – Private Equity Funds: The assistant vice president will be responsible for a broad spectrum of financial and accounting matters affecting our private equity clients. Assistant vice presidents 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 monitor client deliverables and deadlines.  Additionally, the assistant vice president is responsible for exercising sound judgment regarding the proper application of accounting principles to complex transactions, as well as preparing financial reports.
  • Help manage one or more client relationships, including scheduling and meeting all client deliverables
  • Maintain/manage client expectations and coordinate deliverables timelines with vice president and staff
  • Demonstrate strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on private equity limited partnerships
  • Assist in preparation of goals and career development plans for junior staff
  • Provide input into semiannual performance appraisals and discussions for junior staff
  • Provide guidance and direction to junior 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.
  • Prepare/review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
  • Prepare/review management fee calculations, including offsetable amounts, management fee waiver contributions, etc.
  • Prepare/review investor allocations and capital account statements
  • Prepare/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/review financial statements, notes disclosures, and supporting schedules
  • Help manage the year-end audit process, in collaboration with the VP, client, and auditors
  • Where applicable, support the tax team with information to prepare tax compliance/reports
  • Support corporate goals and business/departmental initiatives
Job Skills/Qualifications:
  • Bachelor's degree in Accounting or related field
  • 6-7+ 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
  • Experience supervising one or two junior professional staff
  • Hands-on management style with strong leadership skills and ability to develop junior staff
  • Demonstrated project management skills with the ability to multi-task
  • Excellent interpersonal and communication skills
  • Proficiency in Microsoft Office suite, with advanced Excel skills
  • Sungard Investran experience a plus
  • Team player