Job Description
The Associate Director will be responsible for managing a diverse portfolio of complex structures, including Special Purpose Vehicles (SPVs), Co-Investment Funds, Sidecars, and Joint Venture platforms. This role involves close collaboration with various internal teams to support Our Client’s flagship Private Equity Funds and other investment vehicles. Key responsibilities include overseeing day-to-day accounting operations, managing relationships with external administrators, coordinating with Backoffice teams on trade settlements and corporate actions, and leading the year-end audit process.
**RESPONSIBILITIES**
- Support the month-end close process by preparing comprehensive NAV packages, maintaining fund-level waterfalls, calculating performance metrics, coordinating investor reporting for limited partners, and assisting with corporate and regulatory filings.
- Prepare and/or review financial statements, manage annual audits, and provide necessary documentation for tax reporting - around 70% preparation and 30% review.
- Calculate management and other fees for private equity-style structures, including complex calculations, waterfall calculations and support of auditing processes.
- Oversee fund cash management, including daily updates and reviews of cash reports across 180+ SPVs, processing capital calls, and managing cash and stock distributions.
- Conduct daily reviews of trade and cash reconciliation reports from Operations, investigating discrepancies between fund books and custody platforms.
- Perform quarterly reviews of administrator books and resolve any variances.
- Analyze and allocate expenses and budgets across multiple legal entities.
- Maintain the fund general ledger and prepare partner capital activity notices, including distribution waterfalls.
- Conduct detailed P&L analysis and general ledger maintenance; support project appraisals and provide AUM and IRR data to the performance team.
- Manage fund expense payments, trade settlements, budgeting, and fixed income projections.
- Maintain hedge documentation and assess hedge effectiveness.
- Execute ad hoc projects and special initiatives as assigned.
- Coordinate with external banks managing debt.
- Collaborate with internal teams including Private Equity, Hybrid Value, Fund Controllers, Operations, and Treasury.
**ABOUT OUR CLIENT**
Our client is a leading global alternative investment manager with a strong reputation for innovation, performance, and scale. With over $600 billion in assets under management, they operate across private equity, credit, and real assets. Their flagship private equity funds have consistently delivered top-tier returns, and they are currently preparing to launch their largest fund to date. Known for their dynamic culture and collaborative teams, they offer a compelling environment for professionals looking to make an impact in fund operations.
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com.To learn more about how we collect, keep, and process your private information, please review Insight Global's Workforce Privacy Policy: https://insightglobal.com/workforce-privacy-policy/.
Required Skills & Experience
- 7–10 years of relevant fund accounting experience in the Hedge Fund, Private Equity, or broader Financial Services industry, with exposure to private equity funds, loans, bonds, equities, and credit derivatives
- Minimum 3 years of recent experience working within a direct fund.
- Bachelor’s degree in Finance, Accounting, or Economics
- Strong technical expertise under U.S. GAAP
- Experience with:
- Private Equity funds
- Waterfall calculations
- Audit support
- Cash management
- Capital call processes
- Demonstrated critical thinking and strong quantitative and analytical skills, with clear and effective communication abilities—both written and verbal.
- Highly collaborative, yet capable of working independently; able to multitask and prioritize effectively in a fast-paced, deadline-driven environment.
- Self-motivated and organized with a strong work ethic, attention to detail, and a proactive mindset.
Nice to Have Skills & Experience
- Post graduate degree in Finance, Accounting, or Economics
- CPA certification.
- Experience with preparation and review work
- Experience with Investran or VPM accounting systems.
- Exposure to SPV funds and credit funds
- Big 4 experience within a fund accounting function
- Familiarity with Luxembourg, Singapore, and Hong Kong GAAP
Experience with Cayman structures
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.