What are the responsibilities and job description for the Private Equity Operations Associate position at Kline Hill Partners?
Title: Private Equity Operations Associate
Reports to: COO
Experience: 4-5 years of total work experience in a similar role (2 years of experience in Private Equity is preferred)
Education: Undergraduate degree from a leading college or university (please include GPA and standardized test scores on resume)
Skills: Microsoft Office Suite
Timing: Immediate
Location: Greenwich Office, Hybrid
Company Overview:
Kline Hill Partners (“Kline Hill”) invests in private equity funds, private equity-backed companies and other opportunistic transactions primarily by providing liquidity to existing investors via transaction sizes substantially smaller than are typical in the private equity secondary market. Kline Hill seeks to deliver superior risk-adjusted returns by focusing on what it considers to be the least efficient segments of the secondary market to build a broadly diversified portfolio of assets acquired at discounts to their intrinsic value. Kline Hill believes there is a substantial annual volume of these “small-deal secondary” transactions that is underserved by both large and small secondary funds. Kline Hill manages over $4.2 billion in assets across a range of investment vehicles and is currently investing out of its fifth fund series.
Kline Hill strives to operate a best-in-class secondaries platform with an institutional approach in areas such as transaction sourcing, deal team staffing, due diligence, finance, operations, information technology, compliance, independent oversight, attention to culture and investor relations.
The firm is 100% employee owned with over 59 employees and maintains offices in Greenwich, CT and Zurich, Switzerland.
Responsibilities:
- Treasury management for private equity funds; negotiate, manage and oversee credit facilities, NAV based financing and subscription based financing
- Manage middle office team for transaction closing including cash management, document review and reconciliation
- Responsibility for and serving as the main point of contact on performance reporting
- Works closely with finance, marketing and investment teams with responsibility for producing: Quarterly portfolio and performance information for the investment team
- Implementation of middle office and portfolio analytics systems
- Coordination with investment and finance teams to track and maintain all fund level, and underlying manager in the portfolio analytics database.
- Support with special projects and ad-hoc requests including investor updates/DDQs/PPM and AGM presentations with portfolio and performance data at the KHP fund and portfolio level
Job Skills and Abilities:
- Microsoft Office Suite
- Familiarity with private fund accounting and proficiency
- Understanding of finance, accounting, and valuation principles
- Familiarity and literacy with financial legal agreements
- Experience in managing a small team
- Ability to liaise with multiple business units inside a firm
- Ability to maintain relationships with outside financial institutions, counsel, and service providers
- Creative problem solving skills
- Strong attention to detail
