Private Equity

7 days ago

Princeton, United States Cedent Consulting Full time

Title: Private Equity / Hedge Funds Fee Oversight Vice President @ Princeton / Wilmington, NJ
Terms of Hire: Full time

Job description:
Role Responsibilities

  • We are looking for a candidate to work as part of a global team that will be able to make an immediate contribution to various projects with a specific focus on Performance and Management fees and complex waterfalls. This includes effectively understanding the business and specific issues that need to be addressed, developing a strategy, tracking key milestones, leveraging firm resources and skills to execute on plans, and efficiently deploying the solution across the Alternatives Operations team. Specific responsibilities include:
  • Carried Interest and/or Incentive Fee Expertise
  • Understand incentive fee calculations for hedge funds and carried interest waterfall calculations for closed end funds.
  • Review existing unrealized and realized waterfall models which include preferred return, recycling capital, carried interest and clawback.
  • Partner with internal teams and third-party administrators to build and/or review fee calculations for recently launched funds.
  • Interpret complex fee agreements and other legal documentation such as LPAs to ensure timely and accurate fee calculations.
  • Participate in new business discussions with Product and prospective and existing clients related to fee structures.
  • Project Management and Oversight
  • Lead the continuous assessment of the oversight model to ensure fee calculations follow the governing legal documents.
  • Lead the continuous assessment to ensure that the Alternatives Operations team operates within the best in class control environment.
  • Understand the various Alternatives strategies within client's Alternative Investments (BAI) and the challenges faced by each team.
  • Understand the alternatives industry and how changes to that industry will impact BAI.
  • Ensure new funds are onboarded within the best in class control framework.
  • Ensure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are met.
  • Effectively communicate complex concepts and procedures to all levels throughout the firm.
  • Technology and Future State
  • Partner with internal teams to build and troubleshoot management and performance fee calculations in eFront.
  • Drive the technology requirements for new and existing fee enhancements, including appropriate test planning and rollout of process.
  • Build and maintain a strong knowledge of Aladdin infrastructure and the future roadmap.
  • Occasional travel between the East Coast offices including Princeton, Wilmington, and New York.
Experience
  • Minimum Qualifications
  • 7-10 years of work experience in financial services, 5+ years alternative investments preferred.
  • Understanding of Hedge Funds and/or Private Equity and fund of funds waterfall structures.
  • Complex modeling ability with experience in carried interest and management fee calculations.
  • The ability to read, understand, and follow complex partnership agreements and offering materials.
  • Strong project management and time management skills.
  • The ability to prioritize, multi-task, and work independently.
  • Excellent communication, presentation skills, and comfort in senior management communication.
  • Outstanding academic achievement, broad based work experience, and demonstrated leadership experience.
  • Creativity with an analytical mind and openness to using technology to solve problems.
  • Entrepreneurial spirit that is willing to take on additional responsibility quickly.
Preferred Qualifications
  • Proficiency with eFront.
  • Management reporting and/or investment partnership accounting experience.
  • Proficiency with a coding language such as VBA, SQL, or Python.
  • Experience guiding junior staff.

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: Scout
This is a full time position.

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