Aksia is seeking a seasoned professional to join our Client Operations team. The Client Operations team provides comprehensive operations and accounting support to supplement a client’s in-house resources.
This position can be based fully remotely or out of Aksia's Chicago office and will include regular interaction with global colleagues and clients.
Responsibilities
Assisting with middle and back office operations and account services on private market funds
Recording transactions to company’s investment management system
Updating Aksia’s portfolio system and performance estimates and final values
Liaising with investment managers, third party administrators and prime brokers, etc.
Tracking cash flows – Capital calls, distributions, return of capital, etc.
Reviewing all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
Reviewing monthly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
Reviewing management fee calculations, including offset amounts, management fee waiver contributions, etc.
Reviewing investor allocations and capital account statements
Reviewing capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
Creating, maintaining, and/or reviewing distribution waterfall (carried interest) models, in keeping with the applicable fund terms
Preparing and/or reviewing financial statements, notes disclosures, and supporting schedules
Working on the year-end audit process, in collaboration with the client and auditors and service providers
Where applicable, supporting the tax team (external) with information to prepare tax compliance/reports
Supporting corporate goals and business/departmental initiatives
Qualifications
3 to 7 years of fund accounting/operations experience, ideally at a fund administrator, investment manager, public accounting firm or other financial institution
Knowledge of private equity, private credit, fund accounting, legal structures, investment objectives, fee structures.
CPA preferred but not required
Solid academic record
Strong written and communication skills
Quantitative and analytical skills; proficient excel skills
Positive attitude
Team player
Strong work ethic
Independent and critical thinking skills
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Other
Industries
Financial Services
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