Manager, Private Equity (VP)

Apex Group Ltd; Charlotte (NC); On-site; USD 130,000 - 140,000; Full time

Benefits offered by this job

Four days in office

Job summary

Apex Group is seeking an experienced Manager to join our private equity fund accounting team. The role focuses on fund accounting, partner allocations, and financial reporting for complex investment structures. You will interact with clients and be part of a high-performing finance group.

The candidate should have 3–6 years of private equity experience, a strong knowledge of fund accounting, and supervisory capabilities. This position is based in a major office with in-person collaboration.

Qualifications

• Bachelor’s degree in accounting/finance required.
• 6–10 years of professional experience (private and audit preferred).
• 3–6 years of direct Private Equity experience (Hedge Funds not counted).
• CPA preferred.
• Strong Fund and Partner accounting knowledge.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.
• Experience in fund accounting with focus on private equity.
• Knowledge with LPA or other governing documents.
• Experience with waterfall calculations.
• Basic knowledge of Level 3 valuation methodologies.
• Experience with audit process, including internal control and test of details.
• Knowledge of US GAAP with emphasis on investment partnerships.

Responsibilities

• Prepare investment activity, fee calculations, IRR, and waterfall calculations.
• Prepare capital calls and distributions, sources/uses of cash, allocations, and notices.
• Prepare fund financial statements with footnotes and schedules.
• Prepare partner allocations and capital accounts statements.
• Coordinate and support SSAE 16 and fund audits; assist tax team with compliance/reporting.
• Support regulatory reporting and investor queries (IRR, cash flow).
• Maintain bank/brokerage reconciliations and ad hoc financial analyses.
• Understand complex investment structures and enable audits.

Skills

Fund accounting knowledge

Private equity experience

Supervisory experience

Written and verbal communication

Waterfall calculations

US GAAP knowledge

LPA familiarity

Audit process experience

Multitasking

Education

Bachelor’s degree in accounting/finance

CPA certification (preferred)

Tools

None

Job description

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide. Your career with us should reflect your energy and passion.

That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.

Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

The Role & Key Responsibilities:

The Manager will work as part of a team-servicing clients, will have direct communication, and will work towards becoming an extension to the client’s finance organization.

Fund and Investor Accounting:

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
• Prepare fund financial statements with footnotes and supporting schedules.
• Prepare partner allocations and capital account statements.
• Understand/review of LPAs, purchase/sales agreement, side letters, etc.
• Coordinate and support the audit for both SSAE 16 audit and fund audit.
• Support the tax team with information to prepare tax compliance/reports.
• Assist with other regulatory reporting.
• Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).

Cash forecasting and budgeting:

• Responsible for bank and brokerage reconciliations.
• Assist with Ad hoc financial analysis for client.
• Assist with credit facility drawdowns for the fund.
• Track portfolio company transactions (purchases, income, liquidity).
• Understand complex investment structures (hold companies, blockers, tax withholding, etc.).
• Calculate investment IRR.
• Accounting for holding companies and blocker entities.

Skills Required:

• Bachelor’s degree in accounting/finance required.
• 6 -10 years of professional experience (A mix of private and audit preferred).
• Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience).
• CPA Preferred.
• Strong Fund and Partner accounting knowledge.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.
• Special Skills:
• Experience in fund accounting with a focus on private equity experience.
• Knowledge with LPA or other governing documents.
• Experience with waterfall calculations.
• Basic knowledge of Level 3 valuation methodologies.
• Experience with audit process, including internal control and test of details.
• Knowledge of US GAAP with an emphasis on investment partnerships.
• Our Services Focus On:
• Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients.
• Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence.
• Administration of Private Equity structures - Delivering a responsive, client focused administration service.

What you will get in return:

• A high level of visibility within a large organisation on an upwards trajectory
• The ability to define marketing processes to drive innovation and have a tangible impact on the business
• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
• Opportunity to work with a diverse, agile and global marketing team.
• The opportunity to innovate, bring discipline to brand activity and really make a difference.

We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have four (4) days in office requirement.

Salary ranges from USD $130,000 to USD 140,000. Compensation within this range is dependent on individual's skills, experience and qualifications.