Work closely with the Private Market deal teams, understanding the operational implications of a credit deal (accounting, cash flows, valuations, and deal structuring considerations where applicable) – assisting in the implementation of new or existing operating models where required, ensuring understanding is documented, and appropriate controls implemented where necessary.
This will require being "hands on" and in the detail of all credit related deals, be these direct, or via third party managers.
Ensuring all SPV related objectives & requirements are appropriately considered, including performing bespoke risk assessments and the implementation of associated mitigants, related to a particular structure.
Work with external third-party providers, whilst coordinating with stakeholders internally, to ensure any new service provisions with a third party meet the associated deal & structure requirements.
Liaise with Performance, Risk, Legal, Compliance and Finance as required.
Ensuring smooth settlement of any cash movements.
Delivery existing business
Oversee a team member who is responsible for asset set up, settlement instruction maintenance.
Managing efficient funding of the mandates, including requesting FX transactions and instructing fund subscriptions / redemptions and distributions, when necessary.
Liaison with the Public markets funding function
Ensuring cash and stock reconciliations are performed daily, with exceptions investigated as required.
Oversee accounting/IBOR reconciliation process and own issue resolution as appropriate
Operate with minimal errors
Liaise with Aztec (external fund accountant) to ensure mandate guidelines are monitored and provide a regular summary report
Report any events within 24 hours into accelerate
Oversee data produced for the weekly operating report, and committees, as required
Third party Relationships
Grow and develop the relationship with Aztec for Fund administration
Building relationships with the other credit asset related service providers.
Relationship with JPM for any listed portfolios and for the unitization of Private market mandates
Attendance at third party service reviews as required
Manage and oversee another accountant on the team.
Build a strong relationship across the internal supply chain from initiation to delivery with all areas. Drive solutions that are scalable and controlled.
Develop close working relationships with PMG and third party service partners
Skills and Experience
Accounting qualification required (ACA/ACCA)
CFA/CAIA qualification advantageous
Deal implementation background, considering operational and finance related components
Business/ Operational experience of working within an alternative's manager
A depth of product knowledge across multiple products (with particular focus on Private Credit)