Overview
The Senior Manager, Operations will play a crucial role in ensuring the smooth and efficient functioning of our operations team. This position requires a deep understanding of Private Equity funds, including booking valuations and reconciling cash flows.
The Senior Manager, Operations will be responsible for leading and managing a team of operations professionals, driving process improvement initiatives, and collaborating with senior leadership to challenge and enhance operational strategies.
The Operations team will have the primary responsibility of analyzing the quarterly financial statements of private equity partnership investments and recording/reconciling the transactions in the investment accounting system. In addition, the team will assist in the preparation of historical
investment performance analysis and reports. Below is the list of responsibilities and activities carried out:
- Analyzing quarterly financial statements from underlying investment managers, includes capital accountant statements, schedule of investments, quarter financial statements and supplemental schedules to verify normalized data entered in the portfolio reporting system
- Analyze investment structure aligns with financial reporting packages provided including commitments, unfunded analysis, and carried interest analysis.
- Close collaboration with the fund accounting teams to capture valuation data in the investment accounting system
- Work closely with the Fund Accounting team to ensure data is available for reporting deadlines. Provide data and analysis to client service teams as needed. Complete individual assigned valuation work to meet quarterly fund reporting.
- Validate data and tolerance breaks of data input/provided
- Review journal entries for incremental changes to the Partnerships within Fund records
- Maintain sound understanding of the Limited Partnership Agreements and apply relevant terms to the financial reporting
- Ensure accuracy and timeliness in wire processing, while adhering internal controls and approval workflows.
- Monitor and track outgoing payments to confirm successful execution as well as review and reconcile daily bank statements to confirm posted transactions.
- Investigate and resolve discrepancies between internal records and bank activity as well as generate and maintain treasury reports, including daily cash position, payment logs, and transaction summaries.
Key Accountabilities and main responsibilities
Strategic Focus
- Thought leadership and Continuous Improvement: Identify opportunities for automation / process improvements and implement changes to enhance team efficiency
- Project Management: Lead cross-functional initiatives to streamline fund administration processes
- Support senior leadership in adoption and execution of overall strategy as well as operational delivery encompassing accounting review standards and best practices
- Continuous improvement focus, with the ability to identify risks, cost efficiencies, and operational improvements
Operational Management
- Client Service Delivery: Maintain a high client service level and review client reports and financial statements.
- Technical Oversight: Ensure adherence to US GAAP and IFRS; manage technical research.
- Documentation: Ensure all accounting review activities are well-documented.
- Problem Solving: Address and resolve technical accounting issues.
- Performance & Risk Management: Prepare and present performance and risk reports and identify and mitigate risks.
- Oversee the review and delivery of financial statements and other accounting reports.
People Leadership
- Team Leadership: Provide guidance, mentorship, and support to the accounting team.
- Performance Management: Establish and monitor KPIs, conduct employee performance reviews and appraisals, and foster professional growth
- Exceptional leadership skills and capabilities
Governance & Risk
- Risk Management: Identify and mitigate risks, ensuring compliance.
- Stakeholder Management: Act as the primary point of contact for stakeholders, provide updates, and address concerns.
- Ability to effectively liaise with senior-level stakeholders to communicate issues, risks, and solutions.
- Ensure compliance with organizational standards and accounting practices
- The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.
Experience & Personal Attributes
Educational and Professional Qualifications:
- Chartered Accountant / Master’s degree in Business Administration, Commerce, Finance
- Minimum of 10 years of experience in operations within the financial services industry, with at least last 4 years in a leadership role.
Personal Attributes:
- Strong analytical and problem-solving skills with a keen attention to detail and ability to lead a medium-sized team
- Support senior leadership in adoption and execution of accounting review standards and best practices.
- Solid relationship building and stakeholder management
- Ability to analyse, resolve and document problems and resolutions.
- Ability to work as part of a cross-cultural team.
- Strong organization and time management skills
- Exceptional leadership skills and capabilities
- Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Continuous improvement focus, with the ability to identify risks, cost efficiencies, and operational improvements.
- Ability to effectively liaise with senior-level stakeholders to communicate issues, risks, and solutions.
- Strong presentation and communication skills with ability to communicate clearly and effectively at all levels.
- Self-driven and motivated with a focus on operational efficiency and continuous improvement.
Benefits:
- Competitive salary and performance-based bonuses.
- Comprehensive health and wellness benefits.
- Opportunities for professional development and career advancement.
- Collaborative and inclusive work environment.
- Flexible working arrangements and work-life balance initiatives.
- Access to cutting-edge technology and tools.
- Employee recognition programs and team-building activities.
MUFG Pension & Market Services is a global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely and responsibly.
Through our two businesses MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient and scalable services, purpose-built solutions and modern technology platforms that deliver world class outcomes and experiences.
A member of MUFG, a global financial group, we help manage regulatory complexity, improve data management and connect people with their assets, through exceptional user experience that leverages the expertise of our people combined with scalable technology, digital connectivity and data insights.
