Dartmouth Partners
The Assistant Vice President on the Deal and Cash Operations team is responsible for private deal investment accounting including recording deal activity, investment lifecycle events, investment proceeds, loan activity, and dispositions into the client’s accounting system. Additional responsibilities include operational activities such as facilitating deal fundings, cash positioning, and hedging.
Scope And Responsibilities
- Translate deal documents into accounting records that accurately reflect deal economics and meet accounting requirements, ensuring timely and accurate entry into the client’s accounting system
- Identify and record investment proceeds (e.g., principal, interest, paydowns, sales) in the client’s accounting system timely and accurately
- Process deal lifecycle events from an investment accounting perspective by booking credit events, reorganizations, amendments, and exits in the client’s accounting system timely and accurately
- Process and account for cash movements through complex legal entity structures, ensuring proper booking in the client’s accounting system
- Work with various stakeholders to fund and close private deal transactions including cash positioning and funding deals within demanding timelines
- Coordinate with and respond to inquiries and requests from investment teams, fund accounting, auditors, custodians, fund administrators, and counterparties
- Stage FX orders to raise cash and to hedge currency risk
- Ensure cash availability for upcoming purchases, redemptions, and other transactions
- Forecast available cash balances
- Monitor for and prevent account overdrafts in various currencies
- Participate in cross-functional initiatives relating to the private deal workflow
- Manage resources, including developing new team members
- Establish SLAs with internal teams to ensure high success rates
- Establish KPIs to measure and continually improve processes
- Identify, measure, and mitigate process risk
- Address daily issues, understanding root causes, and implement process improvements
- Build effective working relationships with internal stakeholders
- Write effective procedures and train others when necessary
Experience Required
- 9–11 years of relevant experience at an asset management firm, investment bank, or other financial services company
- Investment Accounting and Operations experience with Alternative Investments including Private Credit, Real Assets, Syndicated Loans, Private Equity, and Asset-Backed Finance
- Processing transactions, credit activity, and accounting entries in Advent Geneva and Global World Investor
- Using Microsoft office suite of applications, with expertise in Excel including data analysis, pivot tables, charts, and formulas
- Utilizing SharePoint, Power BI, SQL and VBA a plus
- Track record of process improvement
- Working with complex fund and deal entity structures
Personal Attributes
- Collaborative, team-oriented individual with strong sense of integrity and professionalism
- Must have outstanding initiative and be a self-starter
- Demonstrate non-linear thinking and have excellent written, verbal, and interpersonal communication skills
- Must be able to critically think and independently solve issues and participate in projects for improved efficiency and automation
- Able to work under tight deadlines and high pressure
- Ability to prioritize and manage multiple competing tasks
- Strong verbal and written communication skills with ability to communicate in clear and concise manner
- Strong quantitative and analytical skills
- Strong attention to detail
