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Vice President, Alternative Investments Division Operations

Location

New York

Job description

Position:  Vice President, Alternative Investments Division Operations

Reports to:  Vice President

Position Summary: 

The Vice President is a key role within the Operations department and will be responsible for managing daily fund operations.  This role will oversee the accounting and financial reporting of a portfolio of complex private equity funds within Wafra’s Alternative Investment Division (“AID”).  The Vice President should have a strong background in accounting for alternative investment funds, with a focus on private equity, proven client management skills, and the ability to manage and lead a team in monitoring client deliverables and meeting deadlines. Additionally, the Vice President is responsible for exercising sound judgment regarding the proper application of accounting principles to complex transactions.

Duties and Responsibilities:

  • Perform reviews over NAVs prepared by external fund administrators and verify investment positions and accuracy of transactions for a portfolio of complex private equity funds
  • Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure proper application of fund terms
  • Perform reviews and validation of management fee and complex carried interest waterfall calculations to ensure accuracy and compliance with fund governing documents
  • Provide guidance and direction to junior team members on all technical matters and other key deliverables
  • Monitoring of investment transactions, preparation of portfolio track record and analysis
  • Review ILPA compliant capital call and distribution notices, investor capital statements, and quarterly reports to investors
  • Assist with management and coordination of the year-end audit process for 85+ funds in collaboration with the auditors and third-party fund administrators, perform review of financial statements and footnotes, ensuring consistency with relevant reporting framework
  • Lead on-going projects and strategic initiatives within the Operations department to improve processes and drive efficiency
  • Ad-hoc reporting and deliverables

 Requirements:

  • CPA/CA required
  • 9+ years of fund accounting experience/audit experience in private equity
  • BS/MS degree in accounting or finance
  • Deep knowledge of private equity/hedge fund industry required
  • Strong experience with GP stakes strategy funds is preferred
  • Significant experience reading and interpreting investment closing documents and fund governing documents
  • Advanced technical knowledge of US GAAP framework
  • Proactive and willingness to take on additional responsibilities and improve/enhance existing processes
  • Ability to collaborate with multiple teams
  • Strong time management skills and attention to deadlines

Please send your resume to OperationsRecruiting@wafra.com with the subject line “AID Ops- Vice President”.

Wafra, Inc. is an equal opportunity employer.

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