Manager, Private Equity Fund Services

Baker Tilly Advisory Group, LP - Dallas, TX

Full-time - Mid Level

Dallas, TX

10,001+ employees

About the position

The Private Equity Fund Services (PEFS) Manager at Baker Tilly is responsible for overseeing the daily operations related to private equity client deliverables, including financial reporting, capital call and distribution calculations, and managing client relationships. This role requires a deep understanding of private equity fund accounting, particularly with SBIC funds, and involves direct management of team members while ensuring compliance with regulatory requirements.

Responsibilities

• Oversee and review the preparation and distribution of quarterly financial statements to investors of the Fund.
• Oversee and review the preparation and distribution of quarterly investor capital statements to investors of the Fund.
• Oversee and review the preparation of schedules to support the general ledger balances reported in the quarterly financial statements.
• Oversee and review the preparation and distribution of capital call notices to investors, ensuring adherence to the Fund's Operating Agreement.
• Oversee and review the preparation and distribution notices to investors regarding proceeds, ensuring compliance with distribution provisions of the Fund's Operating Agreement.
• Understand and interpret terms set forth within a Fund's Operating Agreement.
• Calculate and review complex waterfall structures and associated carried interest.
• Calculate management fees owed to the management Company for investment and portfolio management services provided to the Fund.
• Ensure management fees are paid promptly and timely.
• Communicate directly with the Fund's General Partners (or Managers) and respond promptly to their requests.
• Complete required regulatory forms to ensure the Fund is in compliance with debt covenants, regulation requirements, and other compliance provisions.
• Review investment agreements to confirm purchases and sales align with cash movements at the Fund level.
• Interact with auditors and provide them with necessary reports/support during year-end audits.
• Complete audit confirmations for investor audits or the Fund's audits.
• Provide supervision, guidance, and coaching to the team, including regular training support as needed.
• Demonstrate mastery of technical skills including use of Excel and other software utilized by PEFS.
• Conduct ongoing team trainings and provide input for continued training opportunities at a global company level.

Requirements

• 7+ years' relevant experience in Accounting or related field
• 2+ years' supervisory experience in performance management, training, talent acquisition, and retention
• 2+ years' of SBIC fund experience preferred
• Minimum of a Bachelor's Degree in Accounting or related field
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred
• Certified Public Accountant (CPA) license is strongly preferred
• Experience in forecasting and budgeting during an accelerated growth period
• Proficient in Microsoft Office Suite; knowledge of Investran or other private equity accounting software is a plus
• Ability to multitask, manage time effectively, and pay attention to detail.

Nice-to-haves

• Experience with SBIC regulatory reporting (i.e., Form 468, Form 1031)
• Knowledge of private equity accounting software other than Investran.

Benefits

• Health insurance
• 401k plan
• Paid holidays
• Professional development opportunities
• Flexible scheduling