Private Equity Director

At HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.

Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.

We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.

HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation.

Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.

Private Equity Department

Due to its innovative technology and service offering HedgeServ’s closed end funds team is expanding. The team currently services a mix of private equity, real estate and hybrid structures. The team works with its clients on collaborating new technology solutions as well as client service models to support unique structures and operating models to meet an evolving and growing area within the asset management industry. We have an open and collaborative approach and look for everyone’s input when solving problems. This framework encourages professional development by empowering you to learn continuously and focus on more complex work as your experience progresses. Working in the PE department gives you exposure to new developments and forward-thinking approaches within our industry.

Job Description

A Private Equity Director will be required to manage the closed end fund accounting process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Private Equity Managing Director. They will manage the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for closed end fund administration.

Responsibilities

The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs.

Responsible for the day-to-day management of the Private Equity team including:

Capital Call and Distribution Processing

Preparation of net asset value calculations and financial statements

Fee calculations and profit and loss allocations

Waterfall creation and maintenance

Performance reporting including IRRs

Ad hoc client and investor reporting

Managing client relationships involving interaction with both the client and the relevant Private Equity Managing Director to ensure consistency of service

Ensure the assigned accounting team operates within the clearly defined and documented control environment

Manage and develop client teams of up to 10 employees

Resolve fund accounting enquiries escalated by Supervisor or Administrator

Develop and improve workflows and procedures

Manage the audit process ensuring timely and successful completion of fund audits

Manage and complete client onboarding and transitions

Manage fund accounting recruitment, training and performance evaluations

Establish and maintain effective working relationships with other stakeholder groups

HedgeServ operates a client focused structure which provides a wide range of experience to all levels of employees. As such a Private Equity Fund Accounting Director should be flexible and willing to adapt.

Pre-requisite Knowledge, Skills and Experience

10+ years’ experience working in a Hedge Fund Administration firm with at least 3 of those at Supervisor level is desired. Alternative Hedge Fund or Private Equity Fund experience will be considered

Accounting, Economics, Finance, Mathematics or Business Degree

Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required

Strong verbal and written communication skills

Good people manager with the ability to coach and develop a team

Strong analytical and problem-solving skills

Ability to be flexible and work effectively both within a team structure or independently

Strong inter-personal skills with the ability to influence at all levels of the organization

Strong systems, product and process knowledge – Investran experience ideal

Committed to delivery of results

Strong Client focus and stakeholder management skills