Manager, Fund Accounting

Firm Overview

Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe.

Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns.

Since its founding in 1989, Providence has invested over $36 billion across more than 175 private equity portfolio companies.

With its headquarters in Providence, RI, the firm also has offices in New York, London, Boston, and Atlanta.

Position Overview

The Finance Manager, Fund Accounting will take a leadership role in managing the day-to-day operations of the Fund LP reporting group by working closely with the Controller to oversee and review processes, assess the impact of industry & regulatory changes, help define and execute the group's strategic focus and work to best utilize our current technology and find solutions that will allow us to operate efficiently in the future.

Responsibilities

The Finance Manager, Fund Accounting will be responsible for the following :

Financial reporting and audit coordination :

• Review of transactional data throughout the quarter to help ensure the accuracy of our data and to leverage this knowledge when reviewing quarterly financial statement packages
• Manage third-party administrator and coordinate the issuance of quarterly fund financial statements
• Review complicated financial reporting items including waterfall calculations
• Assist with the year-end audit process, direct liaison with auditors on all matters related to obtaining clean audit opinions for each fund
• Monitor and research changes in the industry regarding US GAAP reporting requirements and disclosures and related footnotes to quarterly financial statements

Accounting operations :

• Coordinate capital call and distribution process, including calculations and review of investor notification packages
• Manage credit facility drawdowns, repayments, record-keeping and relationships
• Review calculations of quarterly management fees and review operating expenses
• Assist with investor correspondence
• Review weekly cash activity and assist with bank account opening and closing processes
• Ad-hoc reporting and special projects as needed within the finance team

Fund legal operations and compliance :

• Assist with annual and quarterly regulatory filings
• Coordinate reporting and processes associated with Luxembourg and Cayman based funds
• Review Limited Partnership Agreements and Side Letters to ensure ongoing compliance with agreed upon terms
• Assist with fund compliance reporting, including quarterly NAV calculations

Essential Capabilities :

• Strong technical and analytical skills with the ability to interpret complex legal documents and accounting literature
• Strategic thinking in addressing problems and arriving at solutions
• Ability to work with limited supervision; identify issues and propose solutions in advance of being asked; meet deadlines while managing multiple priorities in a fast-paced environment
• Provide leadership and take initiative in areas related to analytical thinking and quality of work
• Continually seek to raise standards and improve the quality of services provided

Qualifications

The successful candidate will have an exceptional track record and reputation. Given the significant responsibilities of this position, the top candidate will be a mature, experienced individual.

In addition, the successful candidate should have :

• Bachelor's degree in Accounting or Finance
• CPA or CPA candidate strongly preferred
• Proficient Microsoft Excel skills
• Minimum of 6 years of professional experience (preferably private equity industry and / or Big 4 public accounting firm with exposure to the private equity industry)
• Demonstrated success in managing direct reports
• Experience with Workday and Investran is a plus, but not required
• Meticulous attention to detail and a high level of conscientiousness to work product
• Strong verbal and written communication skills

Providence Equity Partners L.L.C. (the "Firm") is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practice laws.

The Firm strictly prohibits and will not tolerate, condone or allow discrimination, harassment or retaliation with respect to any Supervised Person or applicant for employment in matters of hiring (or failure or refusal to hire), promotion, transfer, disciplinary actions, assignments, working conditions, termination, compensation, fringe benefits or other terms and conditions of employment on the basis of characteristics protected by federal, state, or local law, as may be applicable, such as race, color, religion, creed, age, national origin, ancestry, alienage or citizenship status, actual or perceived sex (including pregnancy, childbirth, breastfeeding or other related medical conditions), actual or perceived gender (including sex stereotyping, gender identity, gender expression, other gender-related characteristic, or transgender status), actual or perceived sexual orientation, disability (including physical disability or mental disability), medical condition, genetic information, military or veteran status, employment or unemployment status, credit history, familial status, partnership status, caregiver status, sexual and reproductive health decision-making, domestic victim status, or marital status, pay or other compensation history, or height and weight.

All employees are prohibited from engaging in unlawful discrimination, harassment, bullying, or retaliation.