Assistant Vice President – Private Equity Fund Accounting

Job Description

Assistant Vice President – PE Fund Accounting | Waystone Compliance Solutions

The Tone:
This is an Assistant Vice President role at Waystone Compliance Solutions. Waystone is a premier asset-servicing provider, offering institutional governance, administration, risk, and compliance services to financial institutions. This position is central to overseeing and delivering private equity fund accounting services, acting as a subject matter expert, and fostering strategic client relationships. The role ensures the highest standards of operational excellence and client service within a global operational framework.

The TL;DR
• Role: Full Time
• Type: Full-time
• Team: PE Fund Accounting | Reports to Vice President
• Mission: This role ensures the highest standards of operational excellence and client service in private equity fund accounting.
• Tech Stack: Investran (including Database, Reporting, and Enterprise modules), Microsoft Excel

What You’ll Actually Do
• Client Relationship Management: Act as the day-to-day contact for assigned client relationships, developing and maintaining strong partnerships with fund managers, auditors, depositaries, and other stakeholders.
• Fund Accounting Oversight: Oversee and deliver private equity fund accounting services, including reviewing and understanding complex fund documents and structures to ensure accurate application of accounting and reporting obligations.
• Financial Deliverable Production: Prepare and review critical financial outputs such as fund accounting deliverables, waterfall calculations, capital calls, distributions, and annual financial statements, ensuring accuracy and timeliness for year-end audits.
• Operational Excellence & Improvement: Complete daily internal requirements, ensure all assigned internal and external deliverables are met, and actively contribute to continuous improvement initiatives, system enhancements, testing, process improvements, and automation.
• Team Leadership & Development: Provide day-to-day supervision, support, and guidance to junior members of the PE accounting team, contributing to their development and growth.

The Must-Haves
• Background: Candidates must possess a Bachelor’s degree in Finance, Economics, Business, Technology, or a closely related field. This role is suited for a professional with a minimum of six years of experience dedicated to private equity fund administration, demonstrating a comprehensive understanding of the operational and strategic aspects of the domain.
• Experience: A minimum of six years of experience in private equity fund administration is required. This extensive experience must include a proven track record in reviewing complex fund structures, adeptly leading client relationships, and actively contributing to the mentorship and development of junior team members.
• Skills: Essential technical proficiency includes strong, in-depth knowledge of Investran, encompassing its Database, Reporting, and Enterprise modules. A fundamental requirement is a robust understanding of private equity waterfall calculations, intricate carried interest models, and complex fund structures. Furthermore, advanced Microsoft Excel skills are critical for successful performance in this role.