Assistant Manager Private Equity (Private Equity Administration Team) Job
Assistant Manager Private Equity (Private Equity Administration Team) (Job Number: 1312792)
Description
Job Title: Private Equity Administration Assistant Manager
Department: Fund Accounting Support Team
Location: Dublin - Ireland
Introduction
This role primarily focuses on the valuation of private equity holdings and the associated lifecycle maintenance within NAV production. This would involve understanding private equity deals and accurately recording the activity on the BNYM accounting platform. Monitor call notices and other life cycle events, ensure offline tracking spreadsheets are maintained accurately and that all activity is processed correctly, set-up of new PE securities and that they are accurately priced based on information received, cash settlements are reconciled to BNYM Custody and positions are reconciled to UA statements. Also, to ensure the timely investigation and resolution of all cash breaks, and queries through communication with trade ex, custody, the client and the underlying administrator or LP.
Responsibilities
Main Responsibilities:
- Understand the workings of private equity securities
- Track lifecycle events for private equity securities from initial set up to closeout; taking into account capital calls, distributions, expenses, pricing and any other impacting activity.
- Monitor UAs websites and distribution emails for any event notifications and Valuation statements
- Maintain the offline PE tracking tool to ensure the accurate recording of lifecycle events and the valuation of the PE positions.
- Monitor cash movement on the Trade Ex dashboard to ensure proper and timely settlement and perform a reconciliation to the custody account on a daily basis, investigating and resolving any breaks
- Process transactions as at settlement date on BNYM Fund Accounting Platform
- Ensure and calculate the accurate Market Value of the PE securities
- Perform reconciliations of the commitment levels to the LP or underlying administrator statements
- Maintain a daily tracker for PE and manage workload efficiently
- Promote good working relations with internal and external parties
- Monitor and follow up on Audit and Compliance review findings
- Maintain a library of procedures, desk notes, lifecycle diagrams and relevant training materials, which can be referred as required
- Actively participate in regular team Meetings
- Attend where required relevant internal forums
- Assist in managing the take-on of new PE securities for new or existing clients
- Ensure any potential or known issues are escalated to the manager of the PEA team
Human Resource Management:
- Adherence to BNYM standard, procedures and controls and maintain work files in a neat and orderly manner, suitable for review by management and auditors
- Adhere to agreed deadlines and immediately communicate potential issues to Manager.
- Promote an environment of open and clear communication within the team, maintain a friendly and professional relationship with all internal and external parties.
- Prompt identification, escalation and resolution of any performance issues within the team.
Quality Risk control:
- Ensure no material audit issues arise by identifying, reporting and addressing potential risk areas.
- Update current statistics and issues for weekly management information system (MIS) pack. Review weekly MIS pack to be aware of relevant issues across other groups within the company.
- Work with line management on ad-hoc projects and initiatives to ensure agreed client service levels are met.
Qualifications
Skills/Knowledge
Essential skills:
- Proactive and focused attitude to work and an ability to constantly meet deadlines.
- Teamwork, interpersonal, oral and written communication skills.
- Dependability, flexibility and the ability to lead by example.
- Analytical, organisational and time management skills.
- Professional approach to work and personal appearance.
- Ability to work to tight deadlines
Essential knowledge:
- At least 3 years experience in an area of financial services and exposure to private equities would be beneficial.
- Desirable to have a broad Fund Accounting experience.
- Experience in writing procedures.
- Knowledge of the roles of all key players within the Fund Administration process.
- Proficiency in using Bloomberg, InvestOne, Microsoft Excel, Word among other office systems.
Primary Location: Dublin, Dublin County, IE
Internal Jobcode: 51766
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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