Manager, Private Equity Fund Services

Baker Tilly US; Minneapolis (MN); On-site; USD 124,000 - 271,000; Full time

Job summary

A leading advisory firm is seeking a Manager for Private Equity Fund Services. This role involves overseeing client deliverables, managing team operations, and ensuring compliance with financial regulations. The ideal candidate will have extensive experience in accounting, strong leadership skills, and the ability to navigate complex financial scenarios. Join a dynamic team that values professional growth and client success.

Qualifications

• 7+ years’ experience in Accounting or related field.
• 2+ years’ supervisory experience.
• Experience in forecasting, budgeting, and private equity software.

Responsibilities

• Oversee and review quarterly financial statements and investor capital statements.
• Manage capital call notices and distribution notices.
• Supervise and train team members, fostering professional development.

Skills

Communication

Problem Solving

Multitasking

Education

Bachelor’s Degree in Accounting

CPA

Job description

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Overview

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.

Job Description

The Private Equity Fund Services (PEFS) Manager oversees the day-to-day operations of private equity client deliverables, including quarterly financial reporting, capital call and distribution calculations, notices, carried interest calculations, management fees, and other complex fee calculations. The role involves reviewing fund liquidity, treasury requests, and ad-hoc investor relations requests. The PEFS Manager manages client relationships, serving as an escalation point for internal teams and clients, requiring interaction with clients, team members, and management. Mastery of private equity fund accounting, overseeing financial reporting, and managing teams are essential. The role also involves providing guidance, coaching, and training to team members.

Responsibilities

• Oversee and review quarterly financial statements and investor capital statements.
• Support and review schedules supporting general ledger balances.
• Manage capital call notices and distribution notices, ensuring compliance with the Fund's Operating Agreement.
• Interpret Fund Operating Agreement terms.
• Calculate and review waterfall structures, carried interest, and management fees.
• Communicate with General Partners and respond to their requests.
• Ensure regulatory compliance and complete required forms.
• Interact with auditors and support year-end audits.
• Manage multiple tasks and priorities effectively.
• Supervise and train team members, fostering professional development.
• Demonstrate mastery of technical skills and client advisement.
• Lead team trainings and serve as a resource for technical questions.
• Provide leadership and act as an escalation point within the organization.
• Assist in new business development efforts.

Qualifications

• 7+ years’ experience in Accounting or related field.
• 2+ years’ supervisory experience.
• Bachelor’s Degree in Accounting or related field; advanced degrees and CPA preferred.
• Experience in forecasting, budgeting, and private equity software.
• Strong multitasking, communication, and problem-solving skills.
• Ability to work in a fast-paced environment.

The compensation range for this role is $124,910 to $270,620, influenced by skills, experience, and location.