POSITION SUMMARY: This position is responsible for all operational functions related to the Private Equity Finance department. This team member's primary responsibility is supporting the various deal teams in executing acquisitions and sales according to our investment strategy. This role includes proactively engaging the deal team on funding needs and timelines, thorough review of funds flows and preparation of wires. This individual will also have other responsibilities such as daily reconciliation of cash, maintenance of credit facilities and various other reporting requirements. The ideal candidate promotes an environment of efficiency, accuracy, quality and control. Candidate must have effective time management skills and superior attention-to-detail.
RESPONSIBILITIES: Work closely with deal teams in tracking status of pending deal closings on a frequent basis Review all funds flows to ensure the accuracy of sources and uses, purchase price reconciliation, various fee calculations, seller proceed amounts, debt payoff amounts, and all wiring information related to the transaction Preparation, execution, and documentation of outgoing wires Preparation of weekly reports identifying various data points such as pending deal closings, equity requirements and cash balances Identify and coordinate opening of new investment-specific bank accounts for each platform investment including completing KYC requirements with the bank Daily cash reconciliation of investment-specific bank accounts Coordinate with Finance, Management Company, and Co-invest teams for any liquidity needs for upcoming deal closings Maintenance of multiple credit facilities including submission of borrowing/repayment requests, verifying the interest invoices/coordinating payments and quarterly reporting requirements Complete periodic KYC refresh with Bank of America for applicable accounts Maintenance of investment-specific shareholder and related party wire instructions and templates Maintenance and administration of assets held with custodian bank Periodic payment of investment-specific expenses and payables Periodic calculation of interest income earned on debt investments Identify continued process and reporting enhancements related to daily operations Complete various other ad-hoc requests and projects REQUIREMENTS/QUALIFICATIONS: Direct treasury experience, with operational or financial support functions at a bank, alternative investment manager or administrator as a plus Proficient knowledge of Excel with superb attention-to-detail Excellent communication skills including speaking, writing and active listening Exceptional critical thinking skills used to seek out opportunities to advance and improve operations Effective time management, prioritization and multitasking abilities in order to meet tight deadlines Proactive mindset with the willingness to learn Working knowledge of Bank of America CashPro and Dynamo is a plus
