Summary of Role

This role will assist in responsibility for all aspects of Private Equity related entity financial management and reporting.

Role Responsibilities

·         Entity Level Financial Management:

o    Producing monthly financial statements and management reports

o    Recording the financial implications of investing activity and other entity level income and expenses

o    GL processing and maintenance

o    Investment management fee calculations

o    Quarterly fund valuations

o    Researching and making recommendations on GAAP accounting and entity specific issues

o    Assisting with investor/partner inquiries and reporting needs

·         Partner Capital Account Management:

o    Capital account maintenance and reporting

o    Initiating capital calls and distributions

o    Ensuring all distribution requirements are satisfied including the calculation of IRRs and running waterfall tests

o    Allocation of income and expenses

o    Assisting with partner inquiries and reporting needs

·         Investing Activities:

o    Working with the Private Equity Operations Group to establish to a control framework and reporting structure for all Private equity investments

·         Cash Management:

o    Processing investment related cash transactions

o    Working capital management

o    Monthly account reconciliations

Required Skills & Experience 

• Strong communication and interpersonal skills.

• Expert PC skills, especially Excel, a plus.

• Analytical mindset.

• Basic investment industry knowledge.

• Ability to adapt and learn on the job in a fast-paced environment.

• Bachelor’s Degree in Accounting or Finance.

• 0-2 years of professional experience.

Desired Skills & Experience

PPM is a team-oriented environment that provides hands-on support and incentives for your professional growth.  The below skills and experience are helpful for this role, but a pro-active learner who meets the role requirements will be able to gain the necessary skills on the job with the support of our team.

• Certified Public Accountant (CPA) or interest in completing certification.

• Knowledge of Private Equity industry software a plus

• 1+ years of experience in Audit