Manager- Fund Investor Allocation

Job Summary

We are looking for a Manager to join our Fund and Investor Allocations (FIA) team, which is responsible for various fund accounting and investor allocations activities. The core function of the FIA team is to ensure the investor allocation of portfolio profits, losses and expenses and calculation of management and incentive fees is performed in an accurate and timely manner during estimates and finals issuance of investor returns in the month. You will work closely with the clients, investment managers and the administrators of the funds to achieve this and other activities which include analysis and review of legal fund documents to set up allocations and fee calculation logics, capture investor capital activity, maintain the investor NAV roll, and perform admin reconciliations for investor balances, profit and losses, and management and incentive fees.

Responsibilities

• Accountability for the work product of the team - accuracy of fund and investor NAV in Arcesium Fund and Investor Allocations, capture of investor reference data and all investor transactions, allocation of P&L and expenses, calculation and allocation of fund and investor level fees, reconciliation of fund and investor level balances versus the administrators, issuance of estimate and final investor NAVs, and reconciliation to the administrator.
• Review of legal documents, LPAs, PPMs, and fee agreements.
• Review the set up of legal entity, investor, class, series and deal partitions as per the legal documents analysis.
• Reviewing, analyzing, and setting up P&L allocation logics as per the legal documents.
• Reviewing, analyzing, and setting up management fees and incentive fees, considering hurdles, waterfalls and carried interest complexities.
• Reviewing and processing investor capital transactions such as subscriptions, redemptions, transfers, distributions, and drawdowns. Track and manage investor commitments, funded capital, and unfunded capital.
• Review and prepare fund and investor NAV and capital roll, estimated and final returns - including gross returns, net returns, and IRRs - reconcile the investor level NAV components, including opening capital, net capital activity, gross P&L, new issue P&L, ending NAV, management and incentive fees, returns, units, and NAV per share with the administrator, and assist in break resolution.
• Engage with the client and internal product groups for analysis and development of new business functionality and efficiency asks.
• Collaborate with technology teams on special projects, bespoke reporting requirements and UAT.
• Active interaction with clients and the team in New York around deliverables and addressing any open queries.

Requirements

• MBA (Finance) / CFA / CA or any other equivalent qualification.
• 5-8 years of work experience in fund accounting, fee calculations and allocations.
• Experience working with a variety of fund structures, allocation methodologies, and management and incentive fee calculation methodologies.
• In-depth domain / finance knowledge, attention to detail, the ability to work with minimal supervision and experience in managing high performers.
• Drive to enhance the efficiency of processes.
• Strong project management skills and effective managerial ability.
• Strong communication and collaboration skills.
• Proficiency in MS Excel.

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