HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500+ professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.

HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.

Job Description

A Private Equity Assistant Vice President is responsible for all aspects of the NAV calculation for Private Equity funds, reporting to the Private Equity Director, they are required to provide leadership and strategic direction for assigned fund groups.  The Private Equity Assistant Vice President contributes to the development and implementation of system, procedural and operational enhancements. They ensure the timely and accurate delivery of NAV calculations. They are key contacts for ad hoc client requests and issues. As a result a detailed understanding of the service requirements for Private Equity Fund Administration is required.

Key Accountabilities of the Role

The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs.

• Work as part of a team of managers, directors and managing directors, who have ongoing responsibility for developing all aspects of HedgeServ services.
• Provides leadership and strategic direction for assigned fund accounting groups.
• Participate in new client meetings, demonstrating HedgeServ software, discussing accounting and Private Equity issues and outlining HedgeServ’s solution to their needs with specific focus on fund structures and products traded.
• Efficiently manage multiple client relationships.
• Understand and be responsible for all aspects of NAV production including fee calculations, waterfall calculations, capital call and distribution calculations and investor notices/investor statements, profit and loss allocations, accounting for complex financial instruments, documentation review and ad hoc client requests.
• Responsible for the preparation and review of financial and regulatory reports.
• Ensure the assigned private equity accounting group operates within a clearly defined, documented and tested control environment.

• Participate in the continuous development and enhancement of work flows and procedures to reflect the changing control environment.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Responsible for private equity recruitment and performance evaluations.
• Responsible for fostering a collaborative team environment and developing the teams growth as a whole.
• Responsible for supporting education and training among the team.
• Develop and maintain relationships between HedgeServ and client brokers, auditors and legal counsel.