Waterfall Analyst
Waterfall Analyst
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Job Description
Seeking a Waterfall Specialist to join the PE/RE Waterfall and Onboarding Team. This specialized team of professionals are subject matter experts on all aspects of distribution waterfall calculations supporting Citcos global fund accounting teams across multiple offices and lines of business.
This is a client facing role that requires the ability to synthesize complex and bespoke legal agreements into standardized calculation models as well as communicate the results and calculation methodologies behind those models in an efficient and precise manner. The Waterfall Specialist will be responsible for the on-boarding of new and existing clients to Citco Waterfall Citcos proprietary waterfall calculation engine and supporting the application as enhancements and development are required. Additionally the Waterfall Specialist will serve as a primary point of contact for Citcos global client base in regards to industry standards best practices and carried interest calculation methodologies.
The Waterfall Specialist will demonstrate leadership skills in coaching motivating team members and dealing with clients and counterparts in other groups. The successful person will be expected to learn and develop expertise in all aspects of the waterfall and on-boarding process system configuration and fund accounting as well as participate in firm-wide initiatives and thought leadership
Responsibilities
- Read and understand Limited Partnership and side-letter agreements specifically the distribution waterfall provisions contained therein
- Function as a Subject Matter Expert in relation to all aspects of distribution waterfall calculations across multiple investment strategies and structures
- Fully document the calculation requirements associated with a funds distribution waterfall calculations inclusive of specific Limited Partner provisions to support the on-boarding of funds to Citcos waterfall calculation models
- On-board funds to Citco Waterfall Citcos proprietary calculation engine (inclusive of on-boarding waterfall structures calculation methodologies Limited Partner waterfall terms and mapping to source-system accounting data.)
- Where necessary complete the analysis design setup & testing of build Excel-based calculation models based on the relevant fund documentation and source-system accounting data
- Support Citcos global Fund Accounting teams in relation to hypothetical and realized waterfall calculations as well as audit support and ad-hoc requests
- Work with Citcos dedicated development staff to provide business requirements and support in relation to modifications and enhancements to Citco Waterfall
- Where necessary participate in the Business Development process to facilitate demos of Citcos waterfall technology as well as establishing Citcos expertise in relation to waterfall calculations
- Coordinate with all relevant teams to ensure internal workflows will meet client needs and regulatory controls.
- Coordinate with both internal and external stakeholders to ensure all necessary data is captured and migrated for client reporting and calculation models.
- Contribute to on-going discussions on operational process and best practices; document and implement process improvements.
- Maintain a pro-active customer focus at all times.
Qualifications
- 3-5 years of fund accounting experience in either a Private Equity Fund Private Equity Fund Administrator or other financial institution where the accountant has gained financial products knowledge
- Knowledge of US/Canadian GAAP and other comprehensive basis of accounting
- Experience in reviewing and preparing waterfall calculations
- Project management skills with attention to detail and proven ability to multi-task
- Bachelors degree in Accounting Finance or Economics
- Strong written and verbal communication skills
- Working knowledge of Excel and Word essential experienced user of the SunGard Investran PE accounting platform highly desirable.
Required Experience:
IC
Employment Type
Full-Time
