Senior Funds Administrator

MAI Capital Management, LLC.; Kentucky; On-site; USD 64,000 - 78,000; Full time

Job summary

MAI Capital Management, LLC. is seeking a Senior Funds Administrator based in Independence, OH. This full-time role involves overseeing fund administration, ensuring timely payments, and managing external vendor relationships. The ideal candidate will have a BS or BA in finance or accounting, alongside experience in the financial sector.

The position offers a dynamic work environment with numerous responsibilities, including regulatory compliance and team mentorship. Salary ranges from $64,000 to $78,000 annually, depending on experience.

Qualifications

• Degree in Accounting, Finance, Economics or related field.
• Experience in financial institutions or audit.
• Knowledge of GAAP financial rules and tax laws.

Responsibilities

• Support daily activities of fund administration.
• Ensure timely and accurate payments and distributions.
• Lend support on audit issues and vendor management.

Skills

Fund Administration

Accounting

Project Management

Vendor Management

Financial Analysis

Education

BS or BA degree in Accounting, Finance, Economics or related Business

Tools

Microsoft Suite

Adobe Acrobat Pro

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Senior Funds Administrator

Full Time Independence, OH, US

6 days ago Requisition ID: 1875

Salary Range: $64,000.00 To $78,000.00 Annually

GENERAL JOB DESCRIPTION

MAI sponsors several private funds, mostly private equity and real estate funds. The structures are both limited partnerships and limited liability companies. The Senior Funds Administrator will lead a team within the Funds Administration Department on the day-to-day operational requirements to fulfill and execute the department’s objectives. This role will also work with external teams responsible for private fund accounting/administration including establishing and maintaining vendor relationships. This position will ensure that the processes and controls are put into place and are being followed and that service levels are being met.

MAJOR DUTIES AND RESPONSIBILITIES

• Support the daily activities of fund administration.
• Responsible for ensuring timely and accurate payments, capital calls and distributions are made.
• Lend support on audit issues which may include unique matters.
• Able to have fact finding tax conversations with tax service professionals or to call states and bring information back to enable team to make decisions with the alternatives team.
• Analyze and summarize fund documents and other legal documents.
• Work on projects with little to no oversight based around periodic check-ins with Team Leader.
• Help with new fund launch items including working with legal, collecting data for regulatory filing, setup bank accounts and create internal infrastructure for the fund.
• Engage with acquired firms to educate on the Private Fund operations; will engage in training on completing subscription documents and other paperwork necessary to admit new investors to a fund.
• Handle vendor relationships through the lifecycle of the relationship, including new vendor due diligence, selection process, onboarding and maintaining ongoing vendor relationships.
• Help in the preparation of data for regulatory reporting and maintain data in a format that puts us in a strong position to respond to SEC Exam requests.
• Run data and file cleanup projects that will help across multiple Funds.
• Educates, coaches, mentors, and develops the less experienced team members driving employee engagement and building leadership bench strength.
• Collaborate with other departments and business leaders.
• Utilize technology to create efficiency.
• Work in a dynamic environment, where the roles and responsibilities are evolving in response to new funds, processes, and procedures.
• Regular review of best practices to create an ongoing environment of constant improvement.
• Perform any other functions that may be required to support fund administration team.

EXPERIENCE/CREDENTIALS

• BS or BA degree in Accounting, Finance, Economics or related Business.
• Experience with a financial institution, investment advisor, public accounting firm, audit, hedge funds, or private funds.
• Knowledge of GAAP financial accounting rules.
• Knowledge of federal and state taxation laws and regulations.
• Proficiency in Microsoft Suite (Excel, Outlook, PowerPoint, Word) and Adobe Acrobat Pro.