Client Operations Associate, Private Markets

Summary

Aksia is an alternative assets specialist providing bespoke investment solutions, advisory, investment management, and research services to institutional investors globally. The Client Operations Associate will support middle- and back-office operations for private market funds, including transaction recording, cash flow tracking, financial statement review, fee and allocation calculations, and year-end audits while collaborating with investment managers, clients, auditors, and service providers.

Responsibilities

• Assist with middle and back-office operations and account services on private market funds
• Record transactions to the company’s investment management system
• Liaise with investment managers, third party administrators and banks
• Track forecasted cash flows – capital calls, distributions, invoices, etc
• Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc
• Review monthly/quarterly closing packages for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc
• Review management fee calculations, including offset amounts, management fee waiver contributions, etc
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
• Review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Work on the year-end audit process, in collaboration with the client and auditors and service providers

Skills

• 3 to 5 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
• Strong quantitative and qualitative skills
• Advanced professional proficiency in Microsoft Excel
• CPA preferred but not required

Qualifications

Must Haves

• 3 to 5 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
• Strong quantitative and qualitative skills
• Advanced professional proficiency in Microsoft Excel

Nice to Haves

• CPA preferred but not required

Benefits

• This position can be based in Aksia’s San Diego office, or fully remote (preferred in a US Pacific or mountain time zone).