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PINE Advisor Solutions · 1 month ago

Associate Director, Private Equity/Hedge Fund Controller

Denver, CO

Full-time

Hybrid

Mid, Senior Level, Lead/Staff

$80K/yr - $120K/yr

6+ years exp

PINE Advisor Solutions is a dynamic organization providing outsourced solutions for funds and investment managers. The Associate Director on the CFO Services team will oversee financial functions and client relationships, ensuring accuracy and efficiency in hedge and private equity fund administration.

AccountingAdviceComplianceFinanceFinancial ServicesProfessional Services

Responsibilities

Nurturing multiple client relationships

Review the monthly/quarterly calculation of hedge fund/private equity fund NAVs as prepared by the administrator

Track, process, review and approve fund expenses

Review partner allocations and waterfall schedules

Review fee calculations including, but not limited to, management fees, professional fees, and performance fees

Review capital activity including capital calls, distributions, and transfers

Coordinating and managing the external audit and tax process on behalf of multiple clients

Manage the preparation and issuance of audited financial statements

Review and approve annual K-1s for private funds and tax returns

Oversight of client's management company books and records including payroll processing, accounts payable and receivable, general bookkeeping and invoicing, 1099 prep, and annual budgeting

Experience with different asset classes including fixed income, public and private equities, and derivatives

Work closely with colleagues across engagements, providing insights and support to ensure accuracy, efficiency, and client satisfaction. Clients rely on us to act as trusted experts in fund operations and accounting oversight. The successful candidate will confidently review and challenge fund administrator work to ensure accuracy, GAAP compliance, and timeliness

Delegate tasks and responsibilities effectively, considering individual team members' strengths, skills, and development needs

Foster a collaborative and inclusive team environment, promoting open communication, trust, and cooperation among team members

Identify training and development needs within the team and coordinate appropriate learning opportunities to enhance their skills and knowledge

Spearhead the development and implementation of streamlined processes and procedures within the CFO Services department, aimed at enhancing efficiency, reducing operational costs, and improving overall service delivery

Establish best practices and standard operating procedures (SOPs) to ensure consistency and quality in service delivery, fostering a culture of continuous improvement and operational excellence

Utilize data-driven insights and performance metrics to evaluate the effectiveness of implemented processes, making necessary adjustments and refinements to drive ongoing scalability and sustainability

Proactively anticipate future business needs and growth opportunities, recommending strategic enhancements to existing processes and procedures to support long-term business objectives and expansion initiatives

Qualification

Private equity funds experienceHedge funds experienceFinancial statement preparationU.S. GAAP knowledgeNAV calculationsManagement fees calculationsQuickBooks proficiencyMS Office proficiencyCommunication skillsTeam playerProblem-solving mindsetOrganizational skills

Required

6-12 years of financial services experience (Accounting/Audit/Administration/Hedge funds/Private Equity Funds)

Must have experience with private equity funds or hedge funds and be able to review NAV calculations, management fees/incentive fees/carry calculations and year end financial statements

The ideal candidate should possess strong accounting knowledge and technical expertise, with the ability to interpret complex transactions and apply U.S. GAAP and industry-specific guidance to private funds

Proven experience in financial statement preparation and review, with a deep understanding of fair value measurements, consolidation considerations, and investor allocations

Excellent verbal, written and presentation skills are essential

Previous asset management or pooled vehicle experience

Demonstrated ability to identify risks and control gaps in processes and successfully delivering process improvement

Passion for delivering an exceptional client experience

Understanding of private fund offering docs and the intricacies of private equity vehicles

Strong organizational skills with attention to deadlines

Proficient in the use of MS Office: strong knowledge of Excel and Word required

Proficient in QuickBooks

Ability to multi-task and a willingness to accept any task that will benefit a growing organization

Team player with a positive attitude and strong interpersonal skills