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ASSOCIATE DIRECTOR - FUND SERVICES

Company: JTC Group
Location: Boston
Posted on: October 20, 2024

Job Description:

The role holder will be required to administer a client portfolio, under the supervision of a Line Manager. They should be able to demonstrate a clear understanding of the client's portfolio, including risk awareness, relationship management and contractual and statutory obligations.MAIN RESPONSIBILITIES AND DUTIES

  • Supervises a team and is responsible for the day-to-day investor servicing/onboarding, accounting, and reporting for private equity and real estate funds

    Apply now, read the job details by scrolling down Double check you have the necessary skills before sending an application.
  • Reviews and approves general ledger activity for investor-level, fund-level, and investment-level transactions
  • Reviews and approves investor subscription documentation and follows AML/KYC procedures
  • Responsible for daily cash activity, wire transfers and bank reconciliations
  • Reviews and approves quarterly accounting packages, including partner allocations
  • Manages and trains junior members of the team, including hiring decisions and performance appraisals
  • Serves as US GAAP subject matter expert and monitors FASB guidance for incorporation into procedures
  • Reviews and approves US GAAP financial statements and partner capital statements
  • Ensures fund waterfall and management fee calculations are interpreted in accordance with relevant fund operating documents, e.g. LP or LLC agreements
  • Reviews and approves investor capital call and distribution notices
  • Manages relationship with clients' external auditors during year-end audits
  • Interacts with clients on day-to-day matters as well as on ad-hoc queries
  • Participates in regular technology and information reviews, identifies potential changes and enhancements, and recommends alternatives for implementation
  • Manage own billing and cash collection / debtors process, have an awareness of recoverability and work in an efficient manner so as to minimise write-offs
  • Adhere to Risk & Associated Compliance procedures in relation to regulatory requirements and AML legislation -
  • Adhere to CPD requirements in accordance with qualification level and in-house procedures -
  • Adhere to the JTC core values and expected behaviours -
  • Any other duties as deemed necessary by Management -ESSENTIAL REQUIREMENTS
    • Private equity or fund administration experience, ideally 8+ years, for this role.
    • College degree (accounting business, mathematics, finance or economics degree preferred but not essential)
    • Proficiency in MS Office. Strong Excel expertise
    • Strong organizational and communication skills -
    • Attention to detail, problem solving and analytical skills

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Keywords: JTC Group, Medford , ASSOCIATE DIRECTOR - FUND SERVICES, Executive , Boston, Massachusetts

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