Private Equity Assistant Vice President

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.

Job Description

A Private Equity Assistant Vice President is responsible for all aspects of the NAV calculation for Private Equity funds, reporting to the Private Equity Director, they are required to provide leadership and strategic direction for assigned fund groups.  The Private Equity Assistant Vice President contributes to the development and implementation of system, procedural and operational enhancements. They ensure the timely and accurate delivery of NAV calculations. They are key contacts for ad hoc client requests and issues. As a result a detailed understanding of the service requirements for Private Equity Fund Administration is required.

Key Accountabilities of the Role

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.

• Work as part of a team of managers, directors and managing directors, who have ongoing responsibility for developing all aspects of HedgeServ services.
• Provides leadership and strategic direction for assigned fund accounting groups.
• Participate in new client meetings, demonstrating HedgeServ software, discussing accounting and Private Equity issues and outlining HedgeServ’s solution to their needs with specific focus on fund structures and products traded.
• Efficiently manage multiple client relationships.
• Understand and be responsible for all aspects of NAV production including fee calculations, waterfall calculations, capital call and distribution calculations and investor notices/investor statements, profit and loss allocations, accounting for complex financial instruments, documentation review and ad hoc client requests.
• Responsible for the preparation and review of financial and regulatory reports.
• Ensure the assigned private equity accounting group operates within a clearly defined, documented and tested control environment.

• Participate in the continuous development and enhancement of work flows and procedures to reflect the changing control environment.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Responsible for private equity recruitment and performance evaluations.
• Responsible for fostering a collaborative team environment and developing the teams growth as a whole.
• Responsible for supporting education and training among the team.
• Develop and maintain relationships between HedgeServ and client brokers, auditors and legal counsel.