Temp | Technical | Business Analyst III | Level 3(USD)

About Client:

Client is a global financial services firm that provides a wide range of investment banking, securities, wealth management, and investment management services. It is a prominent global financial services firm with a rich history and a strong presence in the financial industry.

The Client is committed to corporate responsibility and sustainability. It aims to make a positive impact on society through various initiatives, such as promoting environmental sustainability, supporting diversity and inclusion, and engaging in philanthropic activities.

Rate Range: $40-$45.28/Hr

Job Description:

• Looking for candidate with experience in investment accounting. Ideally we would want someone with private equity experience but it is not required."
• This position will work specifically within the Alternative Investment Services (AIS) team in support of Investment Teams (the Teams) within *** Investment Management. AIS currently supports 300 investment vehicles that utilize a variety of alternative investment strategies and vehicle structures with total assets under management over *** billion.
• The individual in this position will be responsible for operational and portfolio management support activities for private equity funds managed by the Teams, including fund of funds, co-investment, and separate account vehicles.
  
  

Responsibilities:

• Responsibilities in this position will result in detailed knowledge of accounting and operations for the Teams portfolios, including investments in private equity funds, real estate funds, secondary investments, and co-investments as well as derivative investments, such as options and forward currency contracts.
• This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles.
• This position will be located in the West Conshohocken, PA office.
• Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions; developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios
• Overseeing third party service providers in posting activity to the portfolios; general ledger and maintaining portfolio activity in AIS’s parallel portfolio accounting system, Investran
• Reconciling transactions, valuations, management fees, carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy
• Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis
• Validation of investor level capital call and distribution allocation calculations
• Understanding and interpreting underlying fund investment financial statements for the purpose of preparing and/or calculating their respective fair valuation amounts, which includes documentation based on various sources of investment information and detailed reviews of financial statements and quarterly reports for regular internal fair valuation committee meeting approval
• Generating cash projections, fund capacity calculations and investor capital calls/distribution calculations for the these portfolios
• Providing support for product, regulatory, and other audits; assisting with review of offering documents for new products and supporting other areas of product development, as needed
• Working effectively with third party service providers and internal parties to ensure a high level of service for the products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the Teams
• Performing quarterly compliance reporting and highlighting instances in which there may be potential noncompliance with the products governing documents
• Signing-off on net asset value and performance based information on a monthly/quarterly basis; providing regular daily support and responding to numerous ad-hoc requests from investment management, investors and other internal and external stakeholders
• Performing other related functions or responsibilities as needed or assigned
  
  

Qualifications:

• Bachelors degree, or equivalent, in Accounting, Finance, or related business field
• A minimum of three to five years of investment accounting experience
• Prior experience in private equity/real estate or private equity/real estate fund of funds investment accounting is preferred but not required. Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.
• Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner
• Detail-oriented and highly motivated
• Ability to work effectively with minimal supervision
• Role is Hybrid and will require in office attendance 3 days/week
  
  

Non-benefitted (other than those mandated under state or federal law).Please note that this position does not include paid time off benefits. ApTask offers subsidized insurance coverage to our employees.

About ApTask:

ApTask is a leading global provider of workforce solutions and talent acquisition services, dedicated to shaping the future of work. As an African American-owned and Veteran-certified company, ApTask offers a comprehensive suite of services, including staffing and recruitment solutions, managed services, IT consulting, and project management. With a focus on excellence, collaboration, and innovation, ApTask provides unparalleled opportunities for professional growth and development. As a member of the ApTask team, you will have the chance to connect businesses with top-tier professionals, optimize workforce performance, and drive success across diverse industries. Join us at ApTask and be part of our mission to empower organizations to thrive while fostering a diverse and inclusive work environment.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.

Candidate Data Collection Disclaimer:

At ApTask, we prioritize safeguarding your privacy. As part of our recruitment process, certain Personally Identifiable Information (PII) may be requested by our clients for verification and application purposes. Rest assured, we strictly adhere to confidentiality standards and comply with all relevant data protection laws. Please note that we only collect the necessary information as specified by each client and do not request sensitive details during the initial stages of recruitment.

If you have any concerns or queries about your personal information, please feel free to contact our compliance team at businessexcellence@aptask.com