Position – Junior Fund Administrator
JOB DESCRIPTION: Junior Fund Administrator
The Fund Administrator is responsible for delivering IEA’s CapAdministration services to clients. This position performs scheduled and ad-hoc activities which results in the allocation of distributions and capital account balances for private equity partnerships. The position will maintain direct client communications and overall client relationship. In addition, the Junior Fund Administrator will develop into an IEA subject matter expert relating to the actual economics of client funds and individual limited partner capital balances. A strong technical background in analyzing databases and providing results in Microsoft Excel is essential.
Establish and maintain proficiency in the capital administration requirements of client partnerships. Perform data exchange between client and IEA environments. Execute and resolve GAAP-based reconciliation of fund general ledger to CapAssure’s GAAP ledger. Define and account for client requested adjustments to CapAssure’s GAAP ledger. Execute allocations of cash distributions and hypothetical fund liquidations. Analyze, reconcile, validate and post allocation results to CapAssure. Produce client reports and data extracts. Communicate results to clients. Interact with client personnel at appropriate levels of the organization for data acquisition, financial statement review and issue resolution. Work with internal quality assurance professionals and senior management within the firm to maintain high quality standards in a demanding environment.
The successful candidate must have 1 to 5 years of proven success in a related role, demonstrating a progression in responsibilities and possess a bachelor’s in Accounting & Finance or equivalent degree. CPA a plus. An understanding of Generally Accepted Accounting Principles and reporting methods. Excellent proficiency with Microsoft Excel. Knowledge and experience with Microsoft Word, PowerPoint and Access. Strong quantitative and analytical skills. Strong communication skills and an ability to independently interact with client personnel. Ability to perform multiple tasks simultaneously in a team environment with minimal supervision. Relevant professional accounting and finance experience and knowledge of Private Equity Fund accounting a plus. Ability to multi-task while maintaining careful attention to detail. Ability to work effectively both individually and within a team environment. Ability to work with a sense of urgency to meet deadlines and address competing priorities
IEA does not discriminate on the grounds of race, color, religion, sex, marital status, national origin, age, disability, veteran’s status, sexual orientation or any other protected status.
HOW TO APPLY/MAKE INQUIRIES: Please submit a cover letter and resume to: email@example.com. In your cover letter, please explain the basis for your interest in the position.
About Investors Economic Assurance, LLC
Investor Economic Assurance, LLC (“IEA”) is the global leader in providing waterfall and carried interest solutions to the Private Equity industry. IEA was founded in 2000, is headquartered in New York and solely focuses on providing technology solutions to solve complex waterfall issues of leading private equity firms. We have on-boarded over 150 funds with AUM ranging from $250 million to $18.5 billion. IEA offers its waterfall technology solution to clients through CapAssure®, a SaaS-based offering, and CapAdministration, a service-based model. Our CapAdministration offering is SOC-1 compliant.