AVP Deal and Cash Operations

Assistant Vice President, Deal and Cash Operations

Job Description:

The Assistant Vice President on the Deal and Cash Operations team is responsible for private deal investment accounting including recording deal activity, investment lifecycle events, investment proceeds, loan activity, and dispositions into the firm's accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging.

• Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely and accurate entry into the firm's accounting system
• Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in the firm's accounting system timely and accurately
• Process deal lifecycle events from an investment accounting perspective by booking credit events, reorganizations, amendments, and exits in the firm's accounting system timely and accurately
• Process and account for cash movements through complex legal entity structures, ensuring proper booking in the firm's accounting system
• Work with various stakeholders to fund and close private deal transactions including cash positioning and funding deals within demanding timelines
• Coordinate with and respond to inquiries and requests from investment teams, fund accounting, auditors, custodians, fund administrators, and counter parties
• Stage FX orders to raise cash and to hedge currency risk
• Ensure cash availability for upcoming purchases, redemptions, and other transactions
• Monitor for and prevent account overdrafts in various currencies
• Participate in cross-functional initiatives relating to the private deal workflow
• Establish SLAs with internal teams to ensure high success rates
• Establish KPIs to measure and continually improve processes
• Identify, measure, and mitigate process risk
• Address daily issues, understanding root causes, and implement process improvements
• Build effective working relationships with internal stakeholders
• Write effective procedures and train others when necessary