Address
Form of workReports To: Controller
Job Overview: The Finance Associate will work with the fund administrator to complete Fund financials, capital calls, distributions, audit requests, and tax compliance requests. The position will provide an in-depth understanding of private equity fund operations and offer the opportunity to collaborate with members across the firm.
Responsibilities and Duties:
- Work directly with the fund administrator to complete quarterly financial statements and capital account statements for the funds.
- Supply necessary support to the fund administrator and perform the first review over capital call and distribution events.
- Work with portfolio companies and the tax compliance service provider to complete annual K-1s.
- Work with the fund administrator to complete interim and annual audit requests for the funds.
- Perform the first level review of the quarterly due from funds and due from portfolio company schedules prepared by the fund administrator.
- Work with the fund administrator to prepare the quarterly management fee calculation including management fee offsets.
- Perform the first level review of fund invoices given to the fund administrator for processing.
- Ensure expenses are appropriately distributed to all related funds on a pro-rata basis.
- Review invoices sent to portfolio companies for quarterly advisory fees and board travel expenses.
- Aid the controller with investment deal closings, including opening custody accounts and ensuring wires are started by the funds flow.
- Aid the investor relations team with responses to investor requests.
