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Internal Fund Administrator

4 days, 12 hours ago
United States
Full-time
Senior
Operations Specialist
Operations
Apply Now
Mercer Advisors

Mercer Advisors

Mercer Advisors provides comprehensive wealth management services, including financial planning, investment management, and family office solutions, aimed at simplifying and enhancing the financial lives of its clients through a holistic and customized...

Capital Markets
251-1K
Founded 1985
View All Jobs 25

Description

  • Serve as the primary liaison with third-party fund administrators across underlying funds and vehicles.
  • Review and monitor NAV packages, capital account statements, transaction activity, and fund expenses.
  • Escalate discrepancies or irregularities and drive timely resolution.
  • Act as the primary point of contact for external auditors and coordinate the annual audit process across fund entities.
  • Review audited financial statements for consistency with internal records.
  • Prepare and maintain quarterly shadow valuations and shadow accounting for each fund.
  • Track and reconcile capital activity, NAV movements, performance metrics, and capital account roll forwards.
  • Prepare quarterly fund monitoring and oversight reports for the Investment Committee.
  • Highlight performance drivers, risks, anomalies, and notable events across underlying managers.
  • Reconcile data across internal systems, custodians, and underlying fund reports, and maintain supporting documentation and audit trails.
  • Improve internal processes for valuation consistency, reconciliation workflows, and reporting efficiency.
  • Develop and document controls aligned with SEC expectations.
  • Support due diligence on new fund investments, audit or regulatory inquiries, and special projects across the alternatives platform.

Requirements

  • 7+ years of experience in private equity, private credit, investment operations, fund administration, or a related field.
  • Experience with fund of funds platforms preferred.
  • Strong understanding of capital call and distribution mechanics, private equity and alternatives structures, and fund performance metrics including IRR, MOIC, and DPI.
  • Experience with shadow accounting and shadow NAVs.
  • Experience with reconciliation processes and independently resolving discrepancies.
  • Advanced Excel skills required.
  • Ability to synthesize data into actionable insights.
  • Attention to detail and accuracy.
  • Clear and concise communication skills.
  • Experience with platforms such as Orion, Black Diamond, Addepar, or Arch preferred.
  • Exposure to direct private investments, secondaries, or co-investments preferred.

Benefits

  • Base pay range of $115,000 to $130,000 USD.
  • Eligible for incentive compensation through Mercer Advisors’ incentive compensation programs.
  • Company-paid basic life and AD&D insurance.
  • Company-paid short-term and long-term disability insurance.
  • Medical, dental, and vision coverage options, including HSA contributions for eligible HDHP plans.
  • 14 company-paid holidays, including a full week off at Thanksgiving.
  • Generous paid time off for vacation and sick days.
  • Paid parental leave for 8 weeks, plus maternity support through company-paid and supplemental STD.
  • 401(k) retirement plan with Traditional and Roth options, employer match, and an after-tax option.
  • Employee Assistance Program, adoption assistance, concierge services, pet insurance, and preferred employee pricing on personalized financial planning and guidance.

Interested in this position?

Apply directly on the company website

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