Director, Finance - Private Equity

Posted:
10/31/2024, 3:32:13 PM

Location(s):
Old Toronto, Ontario, Canada ⋅ Ontario, Canada

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Location

Brookfield Place - 181 Bay Street

Business - Private Equity

The Brookfield Private Equity Group has a 20-year track record of consistently generating strong investment performance. Leveraging its deep experience as a long-term owner and operator of world-class assets and businesses, the team is focused on acquiring high-quality businesses with barriers to entry and enhancing their cash flow capabilities by improving strategy and execution. The private equity group has over $131B of assets under management, with an integrated team of investment and operational professionals located in key regions around the world. Investors can participate in the growth of our industrial and services businesses through our publicly listed vehicle, Brookfield Business Partners, or through our private funds. Our flagship global private equity fund, Brookfield Capital Partners VI, is currently raising its sixth fund and has a diverse group of institutional partners from around the globe. Brookfield Business Partners is listed on the New York and Toronto stock exchanges (NYSE: BBU, TSX: BBU.UN). For more information, please visit our website at https://bbu.brookfield.com.

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.


Job Description

Reporting to the Vice President, Finance, the Director, Finance will be responsible for fund operations and the private reporting needs of Brookfield’s Private Equity group.

Responsibilities:

The responsibilities for this position would include, among other things:

  • Review quarterly reporting to investors and other users, including financial statements prepared under US GAAP and fund and investment performance tracking

  • Reviewing public reporting templates prepared in accordance with IFRS

  • Reviewing public reporting templates comprised of metrics used in Brookfield Asset Management’s asset management reporting

  • Review of investor PCAP and available commitment schedules on a quarterly basis

  • Presentation of quarterly results to senior management

  • Overseeing the team’s interaction with various service providers to ensure information being provided to investors is accurate and provided in a timely basis

  • Review valuations of fund investments on a quarterly basis

  • Review of accounting packages for individual legal entities, including review of tax financials

  • Preparing internal and external audit requests and maintaining appropriate control documentation

  • Managing and reviewing capital calls from, and distributions to investors

  • Assist with managing fund operations, including investment closes, liquidity management, investor queries, forecasting and compliance

  • Thorough understanding of the legal structure of the various funds and the related impact on funds flows and consolidation

  • Assist with analysis of complex accounting issues that arise, including the structuring of new acquisitions

  • Provide oversight on any process improvements to the reporting process and ensuring new funds are set up with a best in practice approach

  • Actively coach team members

  • Special projects & ad hoc requests as required

Requirements:

  • University degree

  • Professional accounting designation (CPA/CA preferred)

  • Minimum of seven years of progressive work experience in finance and/or accounting functions;

  • Experience in private funds and knowledge of the investment management industry, and experience dealing with complex ownership structures would be an asset.

  • Demonstrated leadership ability and initiative;

  • Excellent analytical, and problem-solving ability;

  • Exemplifies the right motivation by aspiring to achieve collective goals;

  • Ability to work in a dynamic, complex, fast-paced environment, to adapt quickly and to manage changing priorities;

  • Superior communication skills (oral and written) and interpersonal skills;

  • Strong organizational skills and ability to multi-task, prioritize and meet deadlines;

  • Strong financial systems experience, including advanced Excel;

  • Self-motivated and pro-active, with respect to both managing workload and professional development.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.