Job description
The successful candidate will have at least 3-6 years of experience with 1-2 years of experience at a Private Equity or Venture Capital firm. This is a unique role that will provide the opportunity to work directly with General Partners in all aspects of fund management.
Major Responsibilities:
Reporting/Accounting/Valuation Responsibilities:
• Management of the company’s audit relationship, and overseeing the year end audit process
• Responsibility for the preparation of deadline-driven reporting, including financial statements, partners allocations, capital
account statements and portfolio company valuations
• Managing the process for delivering quarterly and annual investor reports, K-1’s and other ad hoc communications
• Overseeing the calculation and distribution of investor capital calls and distribution notices. Experience with stock distributions,
tax distributions and a claw back provisions is a plus.
• Thorough knowledge of private equity partnership accounting, including complex carried interest calculations, hurdle rates,
partner allocations, complicated waterfall, side pocket structures, master-feeder and management reporting.
• Understanding in “current value” liquidation analysis at the portfolio company level by allocating enterprise value to various
equity and debt classes based on their liquidation preference or conversion values (common share participation).
Fund Operations/Internal Management/Fundraising
• Preparing budgets and forecasts for management companies and upper tier entities.
• Strong understanding in performance metrics that are utilized to assist GP’s in their fundraising efforts (Ex. Net IRR, Gross IRR,
PIC, DPI, RVPI and TVPI).
• Monitoring cash balances and preparing cash forecasts.
Compliance/Tax Experience
• High level understanding in blocker and AIV entities utilized in Private Equity Structuring.
• SEC Compliance Experience is a plus: Form ADV and Form PF.
Qualifications and Experience:
• Bachelor's degree in Accounting
• 3-6 years of experience
• 1-2 years of experience at a private equity firm (preferred)
• CPA license preferred
• Public accounting experience a plus
*Candidates with a strong Tax background should apply. The firm provides training as well as additional perks to help Tax candidates successfully make the transition to a more well-rounded financial role.