Manager, Investment Operations; Private Markets

Position: Manager, Investment Operations (Private Markets)
## Manager, Investment Operations (Private Markets)
Apply remote type:
Hybrid locations:
Toronto, ONtime type:
Full time posted on:
Posted 3 Days Agojob requisition :
JR100151

At CAAT, we’re passionate about what we do. And it shows!

Here, you’ll find a cultural spark in everything we do – from the way we partner with members and employers, to the way we work, collaborate, and grow. It doesn’t just feel different  
* is* different. We’re one of the fastest-growing pensions in the country for a reason. We challenge the status quo, making a real impact on the hundreds of employers we serve – from education institutions to major corporations and household brands. And we’re just getting started. Driven by core values and a shared purpose, we’re fierce champions for better retirement security, known for our can-do culture where everyone plays a role in bringing our vision to life.

If this sounds like a fit, we’d love you to be a part of it.

*
* About the Role:

** We are seeking a Manager, Investment Operation (Private Markets) for our Finance team. Reporting to the Senior Manager, Investment Operations, the Manager, Investment Operations (Private Markets) is responsible for the day-to-day oversight of all investment transactions, accounting and monitoring of CAAT’s externally managed private markets portfolio – including private equity, real estate, infrastructure and private credit investments.

The successful incumbent will help lead the governance and operational control framework supporting CAAT’s private markets portfolio, with a focus on operational efficiency, data integrity, and effective risk management across the function.
** As the Newest Member of our Team, You’ll:
*** Oversee day-to-day private markets operations, including capital calls, distributions processing and maintenance of all data within portfolio accounting system (eFront) used for reporting purposes.
* Lead the monthly and quarterly close for the portfolio, ensuring timeliness, accuracy, and appropriate supporting documentation for all private holdings.
* Review and challenge GP valuations and NAVs; prepare supporting analysis and recommendations for the internal valuation governance process and Level 3 reporting.
* Oversee the calculation and review of management fee and carried interest accruals across the private markets portfolio to ensure accuracy.
* Manage the working relationships with Investments team, GPs, fund administrators, and the custodians on operational and accounting matters.
* Partner with the Operational Due Diligence and Investment teams on the onboarding of new private market investments, including account openings, KYC/FATCA/CRS documentation, and data requirements.
* Develop, document, and maintain policies, procedures, controls and governance documentation for the private markets operations function.
* Identify and lead process improvement and automation initiatives to enhance scalability, data integrity, and control effectiveness.
* Coach, mentor, and develop junior team members, supporting the broader team culture.
** To Succeed, You Bring:
*** A minimum of six (6) to eight (8) years of progressive experience in investment accounting, investment operations, or middle/back-office functions supporting private markets portfolios at a pension plan, institutional asset manager, custodian, or professional services firm.
* University degree in accounting, finance, or business administration; a professional designation (CPA, CFA, CBV, or CAIA) is strongly preferred.
* A deep understanding of private markets instruments, fund structures, and accepted valuation methodologies, combined with hands-on experience supporting transaction operations for an investment portfolio.
* Ability to critically assess and challenge GP NAVs and valuation marks, and to prepare defensible supporting analysis for internal valuation governance and audit.
* Working knowledge of fund waterfalls, carried interest, and management fee calculations, including side letters and preferred return mechanics.
* Prior experience coaching, mentoring, and providing direct review of junior staff, including direct people-management experience, with the ability to lead and…