Location Designation: Hybrid - 1 day per quarter
Position Summary
The Assistant Vice President is responsible for overseeing the accounting, reporting, and operational activities for a portfolio of private equity funds. This role serves as the primary reviewer of fund accounting deliverables while managing day-to-day relationships with fund administrators, auditors, and internal business partners.
What You'll Do:
• Oversee fund's operating activities (investor level and portfolio level)
• Perform cash and credit facility management relating to funds
• Daily review of all financial transactions entered in Investran on a US GAAP basis for private equity fund structures and related entities
• Review of detailed data relating to investments, investors, and legal entities as required for internal and external reporting
• Review fund administrator deliverables, including financial statements, capital account statements, capital call notices, distribution notices, management fees, and NAV packages
• Approve waterfalls and carried interest calculations
• Coordinate with fund administrators to ensure timely issuance of quarterly/annual financial statements and capital account statements for each entity
• Collaborate with external auditors to ensure annual audits are completed timely and efficiently
• Confirm legal entity, investor, and investment onboarding and set-up in Investran and fund administrator systems
• Approve performance metrics for both investments and investors
• Ensure internal controls and established accounting policies are consistently followed
• Ability to manage multiple funds and deadlines simultaneously
• Function within various operational and system workflows (Unqork, Investran)
• Address any regulatory, investor, and management reporting requests
• Interact with various groups within the organization (investor relations, legal, tax, marketing, and investment teams) to obtain and provide timely information
• Manage and train small teams of junior resources (if applicable)
• Capable of interpreting partnership agreements and applying terms to fund operations
• Participation in special projects to enhance accounting, operations, and reporting processes
What You'll Bring:
• CPA strongly preferred
• Bachelor's degree in Accounting with a minimum of 5-7 years of relevant work experience preferred
• Experience working with a fund administrator and auditors
• Strong knowledge of private equity structures and US GAAP accounting requirements
• Proficient using Investran and Microsoft Office applications
• Strong desire and ability to leverage technology
• Strong quantitative and qualitative analytical skills
• Strong leadership, communication, and mentorship skills
• Strong work ethic and high level of attention to detail
• Ability to meet challenging deadlines while maintaining quality and accuracy
Pay Transparency
Salary range:
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Job Requisition ID: 94756
