We are actively building our team through hiring Associates, Managers, and Directors; each requiring a similar background in back-office investment operations. Title and level of seniority are based on a candidate’s individual background and relevant work experience.
Associates are directly responsible for delivering outsourced CFO/Controller services, assisting with new fund launches, and managing project-based engagements. Key responsibilities include daily operational tasks and preparing client deliverables under the guidance and supervision of the manager. The nature of our work is very hands-on, and every member of our team is client-facing.
We pride ourselves on selecting clients who truly value our partnership and we enjoy acting as an extension of their business. Our team reaps the rewards of the camaraderie and intellectual stimulation that comes with being an integral part of an investment manager’s operations, yet we also enjoy having visibility into multiple strategies and protection against the volatility of just one fund or investment manager. This position offers the opportunity to be a foundational member of a dynamic and high-quality organization, providing lifestyle integration and an attractive career trajectory for exceptional performance.
RESPONSIBILITIES
- Provide outsourced CFO and Controller services to investment managers, hedge funds, private equity and venture capital clients.
- Review NAV packages and reconcile financial reporting and investor statements prepared by the fund administrator. This includes re-calculation of investor allocations, management fees and incentive allocation.
- For hedge fund clients, perform daily reconciliations between client’s OMS, fund administrator and prime broker/custodian. Also provide support for trade-break resolution, margin calls and other daily operational matters.
- For private equity and venture capital funds, review capital call calculations prepared by the fund administrator. Ensure calls and distributions are processed timely and accurately.
- Assist in the process for new fund launches:
- Review fund documents prepared by legal counsel including PPM, LPA, and subscription documents.
- Solicit bids and vet service providers on behalf of the client including audit/tax, fund administrator and banks/prime brokers.
- Open brokerage, bank accounts and lines of credit.
- Onboard all selected service providers and integrate each into the client’s operations prior to fund launch.
- Establish key policies and procedures including valuation policies, cash management controls, etc.
- For management company clients, prepare financial statements, cash forecasts and budgets.
- Provide treasury management services for both fund entities and management company entities, including allocation of expense and processing of payments.
- Oversee the annual audit and tax preparation process for all client entities, including draft footnotes when necessary.
- Liaise with clients’ external auditors, administrator, HR/payroll, compliance and other service providers.
- Evaluate current financial and accounting processes for clients, propose improvements and help coordinate implementation efforts.
- Assist clients with special and ad-hoc projects.
- Provide operational support for clients and advise on various issues as they arise.
REQUIRED EXPERIENCE, SKILLS AND QUALIFICATIONS
- 3-5 years of experience in alternative investment management industry (Hedge Fund, Private Equity)
- Minimum of a Bachelor's degree in Accounting/Finance with strong academic credentials
- CPA is a plus
- Advanced Excel skills
- Exceptional attention to detail
- Desire to be part of an entrepreneurial environment and to help build a growing firm into a best-in-class industry partner
- Experience that demonstrates the ability to define, create and implement processes and procedures from the ground up
- Solutions oriented mindset with the ability to effectively use all available resources to solve challenging problems
- Ability to work in fast paced environment while effectively prioritizing tasks for multiple clients
- Ability to communicate effectively with clients and team members in a manner that instills trust and confidence
- Awareness of one’s own impact on culture and a natural inclination to be a champion of best practices and to lead by example
We value diversity and are committed to making hiring decisions based on the skills and experience needed to be successful in this role. We are an equal opportunity employer and we welcome your application!
