Manager Private Equity Operations

Overview

The Manager, Private Equity Operations, is responsible for all daily operational aspects of the Private Equity business line, including reporting, fund administration and operational functions. Reporting and fund administration responsibilities include reviewing the quarterly report production process, monitoring and managing fund cash needs, and implementing processes necessary to launch new funds, create new products and grow the private equity business. Operational responsibilities include ensuring timely processing of all capital calls and distributions made by the funds' underlying investments as well as those by the funds to their limited partners.

Oversees all reconciliations between Private and the underlying funds. Calculates and reviews net of fee IRR calculation and public market equivalent performance calculations. Ensures adequate controls are in place and being followed relating to the wiring of money and reconciliation of bank accounts. Provides primary supervision, training and career development for direct reports.

• Works closely with Director, Private Equity and Reporting, on various special projects, such as integration of new acquisitions and ongoing evaluation of internal controls.
• Assists in all internal audit, GIPS, SEC and NASD examinations as needed.
• Works with other areas within the Enterprise (i.e., Investment Accounting, Cash Management) to ensure smoother transfer of information.
• Private Equity:
  
  Fund Administration/Monitoring:
  Manages operational aspects of new fund launches, including providing reporting to prospects, managing the data room and understanding the nuances of each new fund. Plays a lead role in cash needs of each fund, including recommending usage of the lines of credits and when to call or distribute capital. Implements fund monitoring functions related to operations; including sourcing, loading and tracking data to provide investment managers to enable them to effectively manage their investments.
  
  This includes identifying system and resource requirements. Works with senior Private Equity management to develop new products and offerings, including developing operational launch strategy and identifying systems and resource needs. Effectively manages fund wind-downs, including limited partner notification, coordination with purchasing entity and facilitating money movement. Reviews and ensures all new Limited Partnership Agreements address essential accounting, operational and administrative issues prior to final execution.
  
  Ensures efficient processing of document execution and changes relating to the Limited Partners of the Private Equity Partnerships.
• Reporting:
  Oversees the production and distribution of quarterly reporting packages for all Private Equity Funds (20). includes managing the process/schedule of events and writing the quarterly letters. Creates content and manages execution of critical PE meetings with investors and prospects, including annual meeting advisory boards, RFPs and consultant presentations. Ensures all reporting and filing requirements with Limited Partners are met by reviewing Limited Partnership Agreements and contracts and creating/maintaining operational schedules for each fund.
  
  Completes net of fee IRR calculation and public market equivalent performance calculations. Creates customized calculations based on client and consultant needs. Creates customized reporting for all separate account mandates to demonstrate effectiveness of program. Performs ad-hoc performance and cash flow reports from the product group and/or clients. Designs/develops reports for new funds formed by the private equity team. Coordinates, reviews and approves all fund financial managing the timeline of the process
• Operational:
  Ensures timely processing of all capital calls and distributions made by the funds' underlying investments (approximately 4500 per quarter). Ensures timely calculation and processing of all capital calls and distributions made by the funds to their limited partners (approximately 12 calls/distributions per quarter). Manages the cash needs for each fund. Balances cash requirements, fund…