Fund Operations Associate

Job Purpose :

As an associate in our private equity / Debt services fund administration team, you will be responsible for administering private equity / Debt funds including preparing and reviewing financial statements and reports and providing support for investor relations activities.

Key Responsibilities :

• Able to manage an assigned portfolio of loans, ensuring the smooth operations of the loan life cycle by interpreting loan documents and overseeing deadlines.
• Baseline knowledge or equivalent expertise in loan servicing instruments (Term loan, Revolving loans, PIKs, Drawdown, loan restructures).
• Facilitates communication with internal and external stakeholders, addressing conflicts and queries related to loan servicing.
• Expertise in understanding different types of capital commitments, Investor calls and distributions notices.
• The team is also involved in various aspects of recording and maintaining all middle and operation roles of loan cycle included trade support, trade documentation.
• Understanding over fund agreements (Offering memorandum, Valuations statements, Side letters).
• Preparing and review fund level financial statements including consolidated balance sheets, statements of partners’ capital, income statement, Investments.)
• Carry out relatively high-level review over transactions surrounding PE fund such as Capital calls, distributions, carried interest calculations etc.
• Daily IBOR Maintenance, Monthly Cash and Position Reconciliation to third Party Administrator and Quarterly Fair Value Processing.
• Preparations of quarterly unaudited financial statements and statements of partners’ capital.
• Calculation and Analysis of monthly / quarterly net asset value (NAV) of the fund and run waterfall model.
• Preparation of capital call and distribution allocations upon client directives and generation of these notices (ILPA) to Investors.
• Understanding on treatment of drawdowns, repayments, interest accruals, commitment fees, and review of instruments such as Term Loans, Delayed Draws, and Revolvers.
• Reading the loan agreements setting up loan securities in the accounting tool IBOR and processing Borrow, Drawdown, loan Payment and Interest transactions.

Desired Experience :