Senior Consultant, Private Capital Fund Accounting (Chicago, IL)

Company: Cedent Consulting Inc
Location: Chicago
Posted on: November 6, 2024

Job Description:

Senior Consultant, Private Capital Fund Accounting (Chicago, IL)Title: Senior Consultant, Private Capital Fund Accounting @ Chicago, ILTerms of Hire: Full TimeSalary: $82,000-$90,000/YR + BenefitsJob DescriptionPrivate Capital Administration provides third-party clients with comprehensive administration, financial accounting, and investor reporting services for their funds. Fund products supported include venture capital, buyout, mezzanine, life sciences, secondaries, and fund of funds. Services include assistance with investment and divestment execution, investor drawdown and distributions, financial reporting, and investor reporting.Day-to-day responsibilities: Coordinating client service deliverables/projects, setting short-term priorities, and ensuring timely and accurate completion of tasks. Interacting with PE Fund clients directly and managing issues and client expectations. Possessing the knowledge, leadership, and organizational skills required to prioritize assignments and provide assistance to staff. The candidate will be able to operate independently and may be requested to work on large and/or complex projects/initiatives as needed.Major Duties:

• Be technically competent regarding complex, extensive, high-profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, management fees, investment purchases, divestments, carried interest calculations, etc., ensuring they are executed according to the LPA and standard accounting policies and procedures. This may require direct interaction with external senior investment management/principals and/or CFOs, Controllers, CCOs.
• Provide input, maintain, and monitor the department's risk management and compliance programs for the assigned team. Monitor client relationship and servicing activities to ensure the team is adhering to the client's service level agreement.
• Establish and cultivate working relationships with clients and partners. Act as a key communicator between the client and client service teams for the deliverables and servicing activities. Understand client needs and review service requests to ensure the request has adequate information for a successful implementation.
• Coordinate and participate in training presentations regarding area's products and services with partners and conduct on-the-job training with staff.
• Ensure that all necessary client documentation is completed according to audit guidelines.
• Monitor turnaround times so that product/services are provided by the due date.
• Monitor and verify account setup, maintenance, and services for accuracy and completeness.
• Review all bespoke, non-standard procedures for account processing.
• Provide management updates on transactions, including statistics on volume, productivity, new developments, service, and sensitive issues on a regular basis.
• Complete department and individual Key Performance Indicators per established procedures.
• Provide input and assist in implementing new technology and efficiency initiatives.Qualifications:Knowledge/Skills: This position is technical and service relationship oriented. Knowledge of the private equity fund industry, products, and services for specified areas, usually obtained through training and/or related work experience, is critical and required to service clients. Communication and negotiation skills are required to ensure client satisfaction. Analytical skills are required in reviewing, researching, and resolving issues surrounding accounting and financial aspects across transactional and summary levels.Experience: 3-4 years of accounting/securities operations experience and 5-6 years of private equity fund accounting/administration experience with demonstrated growth of responsibility is a must, with a minimum of 3 years of client servicing or related experience. We are looking for individuals who have the ability to work effectively in a team environment, exhibiting initiative, leadership, and flexibility. The ideal candidate will have a formal education in accounting and/or related business degree, understand the complexities of the private equity markets via past experience, and be well acquainted with Investran and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level).You Will Enjoy:
  • An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
  • Apply today to learn more and be part of our Growth story.All applications will be kept strictly confidential, and once shortlisted, our team will be in touch with you for further discussions.Department: ScoutThis is a full-time position
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Keywords: Cedent Consulting Inc, Cicero , Senior Consultant, Private Capital Fund Accounting (Chicago, IL), Professions , Chicago, Illinois