Senior Administrator

JTC Group; Boston (MA); On-site; USD 72,000 - 89,000; Full time

Job summary

JTC Group in Boston is seeking a fund administrator to oversee a client portfolio under the supervision of a Line Manager. You will demonstrate clear understanding of the portfolio, including risk awareness, relationship management and adherence to contractual and statutory obligations.

Responsibilities include day-to-day investor servicing/onboarding, accounting, reporting for private equity and real estate funds, and preparation of US GAAP statements.

Qualifications

• Private equity or fund administration experience (minimum 2 years).
• College degree in accounting, business, finance, mathematics or economics.
• Proficiency in MS Office and strong Excel skills.
• Excellent organizational and communication abilities.
• Strong attention to detail and analytical problem-solving skills.

Responsibilities

• Oversee day-to-day investor servicing/onboarding, accounting, and reporting for private equity and real estate funds.
• Process general ledger activity for investor-level, fund-level, and investment-level transactions.
• Handle investor subscription documents and AML/KYC procedures.
• Prepare and review quarterly accounting packages and partner allocations.
• Assist with oversight and training of junior team members.
• Prepare and review US GAAP financial statements and partner capital statements.
• Ensure fund waterfall and management fee calculations comply with LP/LLC agreements.
• Prepare and review investor capital call and distribution notices.
• Assist external auditors during year-end audits.
• Interact with clients on day-to-day matters and ad-hoc queries.
• Participate in technology reviews and propose enhancements.

Skills

MS Office

Excel

Organizational skills

Communication skills

Attention to detail

Education

Accounting/Finance/Economics degree

Tools

MS Office Suite

Microsoft Excel

Job description

The role holder will be required toadminister a client portfolio, under the supervision of a Line Manager. They should be able to demonstrate a clear understanding of the client’sportfolio, including risk awareness, relationship management and contractualand statutory obligations.

MAIN RESPONSIBILITIES AND DUTIES

• Responsible for the day-to-day investor servicing/onboarding,accounting, and reporting for private equity and real estate funds.
• Processes general ledger activity for investor-level,fund-level, and investment-level transactions.
• Processes investor subscription documentation and followsAML/KYC procedures.
• Handles daily cash activity, wire transfers and bankreconciliations.
• Prepares and reviews quarterly accounting packages, includingpartner allocations.
• Assist with the oversight and training of junior members of theteam.
• Prepares and reviews US GAAP financial statements and partnercapital statements.
• Ensures fund waterfall and management fee calculations areinterpreted in accordance with relevant fund operating documents, e.g. LPor LLC agreements.
• Prepares and reviews investor capital call and distributionnotices.
• Assists external auditors during year-end audits.
• Interacts with clients on day-to-day matters as well as onad-hoc queries.
• Participates in regular technology and information reviews,identifies potential changes and enhancements, and recommends alternativesfor implementation.
• Manage own billing and cash collection / debtors process, havean awareness of recoverability and work in an efficient manner so as tominimise write-offs.
• Adhere to Risk & Associated Compliance procedures inrelation to regulatory requirements and AML legislation.
• Adhere to CPD requirements in accordance with qualificationlevel and in-house procedures.
• Adhere to the JTC core values and expected behaviours.
• Any other duties as deemed necessary by Management.

ESSENTIAL REQUIREMENTS

• A minimum of 2 years of Private equity experience or fundadministration experience required.
• A College degree(accounting business, mathematics, finance or economics degree preferredbut not essential).
• Proficiency in MS Office. Strong Excel expertise.
• Strong organizational and communication skills.
• Attention to detail, problem solving and analytical skills.

The expected salary range for this position is $72,000 – $89,000 per year, based on experience and qualifications.

OURCOMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organization where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.

Whether you are just starting out or seeking new challenges, JTC offers an environment where you can grow, develop, and succeed at every stage of your career.

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