Supervisor, Private Equity Funds 10/12/2017
JOB DESCRIPTIONAPPLY Job ID #: P23682
Location: Oaks, PA
Position Category: Accounting
Department: US HEDGE
Employment Type: Full-time
Education Required: Bachelors Degree
Experience Required: Minimum of 2 years
Travel Percentage: 0
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.
The Private Equity Supervisor in the alternative investment department is responsible for the successful and accurate completion of the accounting, administrative and investor servicing requirements for various alternative products and structures for assigned funds. This individual must also strictly adhere to established departmental policies and procedures required to service alternative funds.
The responsibilities for this position may include some or all of the following:
Supervise staff members and delegate work loads
Strictly adhere to established departmental accounting processing procedures and controls
Serve as client operational contact and maintain good relationship with client
Review partners capital activity for commitments, contributions, distributions, multiple closings, and transfers; including preparation of capital call letters and distribution notification letters
Utilize and interpret the legal documentation for private equity funds as it applies to maintaining partner capital accounts; including the allocation of income, multiple closings, management fee and carried interest calculations, etc.
Calculate performance measures on partner, partnership basis, and partnership-portfolio basis for reporting purposes
Calculate closing interest, management fee and carried interest by partner
Gain an in-depth understanding of partnership accounting, and more specifically the system(s) we use for processing
Calculation of carried interest per the funds governing documents
Prepare year end financials and side in the facilitation of the audit process
Meet client valuation and reporting deliverables
Prepare ad-hoc reports and other deliverables
Resolve problems and errors on a timely basis (with documentation)
Gain a comprehensive understanding of private equity structures
Support department leader with continuous improvement initiatives and ongoing establishment and maintenance of procedures as needed
Assist in and discuss employees performance appraisals
BS/BA degree in accounting, business, finance or related field, or the equivalent in education and work experience
Minimum of 2 years relevant work experience and knowledge of the fund services industry
Willingness to learn new systems, concepts and broaden knowledge in the industry
Individual who takes initiative & ownership of assigned responsibilities
Strong organizational and time-management skills
Excellent analytical and problem-solving skills
Strong aptitude for numbers
Knowledge and expertise of Investran, Investier, and Geneva Advent systems is highly desired
Excellent interpersonal, communication and customer service skills
Physical Demands and Work Environment
While performing the duties of this job, the work environment may require an individual to move around the office and from building to building which may expose the individual to weather conditions outside. The individual has to be able to sit or be stationary at a computer and use computers for extended periods of time and occasionally lift and/or move up to 20 pounds. The noise level in the environment is moderate and the individual must be able to communicate and exchange information with people in person and over the telephone and email.
SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
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