Client Operations Associate, Private Markets

Overview

The organization is seeking an associate-level professional to join its Private Markets Client Operations team. This team provides comprehensive accounting and middle/back-office solutions to a global client base, and works closely with investment, risk, data, and Pan Alternatives professionals.

The role can be based fully remotely (preferred in a US Pacific or mountain time zone) and includes regular interaction with global colleagues and clients.

Responsibilities

• Assist with middle and back-office operations and account services on private market funds
• Record transactions to the investment management system
• Liaise with investment managers, third-party administrators, and banks
• Track forecasted cash flows, including capital calls, distributions, and invoices
• Review transaction documentation and supporting files to understand investment transaction features, accruals, and related details
• Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, and valuation adjustments
• Review management fee calculations, including offset amounts and management fee waiver contributions
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, including sources/uses of cash, allocations, and investor notices
• Review distribution waterfall (carried interest) models in keeping with applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Participate in the year-end audit process in collaboration with clients, auditors, and service providers

Requirements

• 3 to 5 years of fund accounting/operations experience, ideally at a fund administrator, investment manager, public accounting firm, or other financial institution
• Knowledge of private equity, private credit, fund accounting, legal structures, investment objectives, and fee structures
• Strong quantitative and qualitative skills
• Advanced professional proficiency in Microsoft Excel

Preferred Qualifications

• CPA preferred but not required