Associate Director - Fund Services

Company: JTC Group
Location: Boston
Posted on: November 17, 2024

Job Description:

The role holder will be required to administer a client portfolio, under the supervision of a Line Manager. They should be able to demonstrate a clear understanding of the client's portfolio, including risk awareness, relationship management and contractual and statutory obligations.MAIN RESPONSIBILITIES AND DUTIES

• Supervises a team and is responsible for the day-to-day investor servicing/onboarding, accounting, and reporting for private equity and real estate funds
  
• Reviews and approves general ledger activity for investor-level, fund-level, and investment-level transactions
  
• Reviews and approves investor subscription documentation and follows AML/KYC procedures
  
• Responsible for daily cash activity, wire transfers and bank reconciliations
  
• Reviews and approves quarterly accounting packages, including partner allocations
  
• Manages and trains junior members of the team, including hiring decisions and performance appraisals
  
• Serves as US GAAP subject matter expert and monitors FASB guidance for incorporation into procedures
  
• Reviews and approves US GAAP financial statements and partner capital statements
  
• Ensures fund waterfall and management fee calculations are interpreted in accordance with relevant fund operating documents, e.g. LP or LLC agreements
  
• Reviews and approves investor capital call and distribution notices
  
• Manages relationship with clients' external auditors during year-end audits
  
• Interacts with clients on day-to-day matters as well as on ad-hoc queries
  
• Participates in regular technology and information reviews, identifies potential changes and enhancements, and recommends alternatives for implementation
  
• Manage own billing and cash collection / debtors process, have an awareness of recoverability and work in an efficient manner so as to minimise write-offs
  
• Adhere to Risk & Associated Compliance procedures in relation to regulatory requirements and AML legislation -
  
• Adhere to CPD requirements in accordance with qualification level and in-house procedures -
  
• Adhere to the JTC core values and expected behaviours -
  
• Any other duties as deemed necessary by Management -ESSENTIAL REQUIREMENTS
  • Private equity or fund administration experience, ideally 8+ years, for this role.
    
  • College degree (accounting business, mathematics, finance or economics degree preferred but not essential)
    
  • Proficiency in MS Office. Strong Excel expertise
    
  • Strong organizational and communication skills -
    
  • Attention to detail, problem solving and analytical skills
    
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Keywords: JTC Group, Portland , Associate Director - Fund Services, Executive , Boston, Maine