Client Operations Associate, Private Markets
Location
California
Posted
79 days ago
Salary
0
Seniority
Mid Level
Job Description
Client Operations Associate, Private Markets
Aksia
• Assist with middle and back-office operations and account services on private market funds • Record transactions to the company’s investment management system • Liaise with investment managers, third party administrators and banks • Track forecasted cash flows – capital calls, distributions, invoices, etc. • Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc. • Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc. • Review management fee calculations, including offset amounts, management fee waiver contributions, etc. • Review investor allocations and capital account statements • Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices • Review distribution waterfall (carried interest) models, in keeping with the applicable fund terms • Prepare and/or review financial statements, notes disclosures, and supporting schedules • Work on the year-end audit process, in collaboration with the client and auditors and service providers
Job 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, fee structures.
- CPA preferred but not required
- Strong quantitative and qualitative skills
- Advanced professional proficiency in Microsoft Excel
Benefits
- Health insurance
- Remote work options
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