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Private Equity Fund Accounting - Associate
mid · Private Equity / Venture Capital
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? The Private Fund Services team offers high quality outsourced administration and banking services to Institutional investors (pensions, sovereign wealth funds, insurance companies, endowments, foundations) known as Limited Partner (LP). The Private Fund Services has over 300 highly skilled professionals with decades of experience in private equity accounting and operations, and offices in New York, Dublin, the Channel Islands, Sydney, Luxembourg and Hong Kong.
As a Private Equity Fund Accounting - Associate within Fund Operations team, you will monitor the processing of daily investment capital calls, distributions and fees associated with client investments, ensuring timely resolution of cash flow discrepancies with clients. You will provide timely information flow to downstream accounting valuation and performance reporting requirements. Partnering with our Custody teams, you will play an important role in ensuring capital calls and scheduled distributions are received and properly debited and credited to client’s account.
Job responsibilities
- Ensure that all cash flows and investment valuations are captured and booked into proper classification for accounting purposes (e.g. return of capital, capital gains, management fees, income etc.)
- Manage the review of investment and disinvestment and other related documentation
- Provide performance reporting for client’s investment in private equity and real estate assets
- Set-up and maintain the books and records of Private Equity funds, including general partner vehicles where applicable, in accounting database in line with terms and conditions of governing documents
- Prepare and/or review periodic Net Asset Valuations and financial reporting packs consisting of financial statements, management fee and carried interest calculations, and investor allocations and capital account statements
- Prepare and/or review investor’s capital call and distribution calculations including investor notices and reconcile call proceeds and distribution payments
- Manage release of investor’s capital notices and quarterly reporting on investor reporting portal
- Own timely resolution of client/investor queries/project
- Collaborate with on-boarding team in relation to new business
- Manage year-end process and handle requests from external auditors and tax teams
- Build strong relationships with Senior Operations management globally as well as product, sales, risk, legal, compliance, internal audit, Operations Control Management, etc.
Required qualifications, capabilities, and skills
- Minimum of Bachelor’s Degree in Business, Accounting, or related disciplines
- At least 5 years of experience in the Private Equity Administration or Fund Accounting business
- Attention to detail is key to the success of this role
- Excellent communication and presentation skills and to be able to effectively liaise with other J.P. Morgan operational departments as well as clear and concise responses to client queries
- Ability to take responsibility for meeting all client service levels, but be able to demonstrate an understanding of the control environment and suggest improvements where necessary
- Good working knowledge of Excel, PowerPoint and other such applications
- Proactive attitude, ability to multi-task and work to tight reporting deadlines
Preferred qualifications, capabilities, and skills
- Burgiss/ Investran Private Equity platform application suite knowledge preferred
- Proficiency in Japanese will be beneficial to communicate with clients from Japan