What are the responsibilities and job description for the Fund Accounting Supervisor - Private Equity position at Dagen?
Private Equity Fund Accounting Supervisor
Company Description:
Fast-growing finance and technology service provider to investment management companies has an excellent Private Equity Fund Accounting Supervisor opportunity. Due to its innovative technology and service offering, the team is expanding in the Dallas office. The team currently services a mix of private equity, real estate, and hybrid structures. The team collaborates with clients on new technology solutions, client service models to support unique structures, and operating models to meet an evolving and growing area within the asset management industry.
Position:
A Private Equity Supervisor is required to execute their role within the guidelines and procedures provided by the company and under the supervision and guidance of a Private Equity Manager and Director. The role requires the timely and accurate delivery of NAV calculations and working closely with any staff under their supervision. Review fee calculations, including waterfalls, profit and loss investor allocations, and investor and portfolio performance reporting, including IRR. Supervision of the reconciliation process, including trade capture, processing corporate actions, and pricing are an integral part of the role. Assisting in the development of the team, setting goals and acting as a guide and mentor to direct reports. The Private Equity Supervisor will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training. Additional client-specific training will be provided by the Private Equity Manager and or Director.
Responsibilities:
- Assist in managing client relationships involving interaction with both the client and the management to ensure consistency of service.
- Ensure the assigned Private Equity team operates within the clearly defined and documented control environment.
- Supervise a team of up to four Private Equity accountants facilitating their ongoing development.
- Resolve fund accounting inquiries escalated by the Administrator.
- Responsible for the day-to-day supervision of the Private Equity team, including:
- Capital Call and Distribution Processing
- Investor Allocations and performance reporting, including portfolio and investor IRRs
- Waterfall creation and maintenance
- Preparation of net asset value calculations and financial statements
- Ad hoc client and investor reporting
- Ensure all aged items on cash and position reconciliations are resolved timely.
- Review daily and monthly NAV calculations.
- Develop and improve NAV calculation workflows and procedures.
- Play a role in new client initialization and transition.
Pre-requisite Knowledge, Skills and Experience
- 3-6 years experience working in the Finance sector. Advantage if either at an Administrator, Auditor, or Investment Manager
- Private Equity experience is not required but is a plus
- Hedge fund experience is an advantage
- Accounting, Economics, Finance, Mathematics or Business Degree
- Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required
- Positive attitude and willingness to learn proprietary systems
- Strong verbal and written communication skills
- Strong attention to detail and well organized
- Strong analytical and problem-solving skills
- Ability to be flexible and work effectively both within a team structure or independently
- Ability to coach and mentor junior employees and share knowledge and information across the team
