AVP Private Equity Fund Finance

AVP Private Equity Fund Finance (7+ openings)
About the Role

Our client is looking for an Assistant Vice President to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, management, and clients on a variety of accounting and reporting processes. This role will report to the Vice President, Fund Finance Private Equity.

• Work with third-party administrators to ensure all quarterly valuations are completed in a timely manner, general ledger entries are accurate, and investments are valued in accordance with fair value market principles.
• Review fund expenses and accruals and compare them to annual budgets to identify outliers and propose adjustments as necessary.
• Review investor allocations to confirm profits, losses, and fees are calculated in accordance with the partnership operating agreements.
  
  Approve investor capital account statements on a quarterly basis.
• Review and approve quarterly management fee and trailer calculations.
• Determine review of third-party administrator’s preparation and coordination of investor capital calls and distributions, in coordination with the third-party administrator, including investor allocation calculations and call and distribution notices.
• Reconcile accounting data between our client and third-party administrator, using automated tools and applications. Coordinate with internal and/or external parties to resolve discrepancies.
• Liaise with underlying fund managers when required.
• Handle ad hoc requests.
• Monitor fund’s compliance with the partnership operating agreement terms.
• Review of the preparation of annual fund financial statements in accordance with US GAAP.