[Remote] Client Operations Associate, Private Markets

Note: The job is a remote job and is open to candidates in USA. Aksia is an alternative assets specialist providing bespoke investment solutions for institutional investors globally. They are seeking an associate level professional to join their Private Markets Client Operations team, responsible for comprehensive accounting and middle/back-office solutions for their global client base.

Responsibilities

• Assist with middle and back-office operations and account services on private market funds
• Record transactions to the company’s investment management system
• Liaise with investment managers, third party administrators and banks
• Track forecasted cash flows – capital calls, distributions, invoices, etc
• Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc
• Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc
• Review management fee calculations, including offset amounts, management fee waiver contributions, etc
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
• Review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Work on the year-end audit process, in collaboration with the client and auditors and service providers

Skills

• 3 to 5 years of fund accounting/operations experience, ideally at a fund administrator, investment manager, public accounting firm or other financial institution
• Knowledge of private equity, private credit, fund accounting, legal structures, investment objectives, fee structures
• Strong quantitative and qualitative skills
• Advanced professional proficiency in Microsoft Excel
• CPA preferred but not required

Company Overview

Company H1B Sponsorship