POSITION OVERVIEW

Title: Finance and Administration Associate, WWB Asset Management

Reports to: Principal Investment Officer and Operations Manager, WWB Asset Management

Classification: Full-time (part-time may be considered)

Location: New York, NY (option to work remotely in the NYC area)

Start Date: Immediately

Summary

WWB Asset Management (WAM) is seeking an experienced and highly motivated Finance and Administration Associate to join a growing asset management team as employee number 1 of the new Finance and Administration department of WAM. The Associate will be responsible for fund accounting, cash flow management, compliance and administration functions for two private equity funds under management. WAM expects that with the establishment of additional funds under management, responsibilities will increase over time resulting in the growth of the department. Accounting experience is required with preference for private equity funds accounting. The Associate will have the option to work from home, with expectation for some in-person meetings, or from the office in New York City. The team will also consider candidates interested in a part-time structure covering the accounting and cash-flow management responsibilities.

 

About Women’s World Banking Asset Management (WAM)

WAM is a wholly-owned subsidiary of Women’s World Banking, Inc., headquartered in New York City. It manages the Women’s World Banking impact investment program, including a co-managed USD 50M private equity fund, WWB Capital Partners, LP (“Fund I”), and a solely-managed USD 75M private equity fund, WWB Capital Partners II (“Fund II”). Fund II is a Mauritius-based blended finance limited partnership, with a dedicated, grant-funded, side-car technical assistance program. It makes direct minority equity investments ranging between USD 1M – 10M in high-performing, women-focused inclusive finance institutions worldwide, and provides technical assistance to improve client and staff gender diversity, in accordance with the impact investment program established by Women’s World Banking.

Responsibilities

Tasks & Responsibilities:

  • Finance and accounting (Fund I, Fund II and WAM)
    • Process invoices for WAM, Fund I and Fund II and appropriately record in bookkeeping files
    • Create invoices for WAM to reimburse expenses in timely manner and record appropriately
    • Reconcile accounts for different Fund entities with bank accounts and financial statements prepared by administrator on monthly and quarterly basis
    • Coordinate cash flow management between different entities, and inter-company cash transfers, in line with LPA restrictions
    • Support capital call and distribution calculations and coordinate process of issuing capital calls and distributions
    • Maintain Partner Capital Account calculations up to date and reconcile with quarterly PCAPs
    • Respond to inquiries from administrators, auditors and Limited Partners
    • Review available accounting software for PE funds, and support procurement of software
    • Manage transfer from current accounting files to software
    • Ensure payment of consultants and other third-parties
  • Compliance
    • Ensure compliance with policies, side letter agreements and regulatory requirements
    • Create and manage compliance calendar
    • Support reporting to regulatory entities, incl. SEC, Mauritius, Luxembourg and other European jurisdictions
  • Administration
    • Support Chief Investment Officer with correspondence and meeting scheduling
    • Support WAM team with travel arrangements, visa procurement and expense reimbursement
    • Logistical support for Advisory Board and Limited Partner meetings
    • Support notarization and certification of documents
    • Support with procurement process of consultants, vendors, etc.

 

Required Qualifications:

  • 3+ years experience in accounting, preferably private equity/hedge fund accounting
  • Knowledge of private equity funds, capital calls and distribution waterfalls
  • Ability to reconcile cash balances and review financial statements for accuracy
  • Strong analytical skills
  • Extraordinary attention to detail
  • Superior project management
  • Curiosity and desire to support building gender-diverse organizations
  • Dedication to ensuring an exceptional client experience
  • Bachelor’s Degree in accounting, finance or related field
  • Fluent in written and spoken English
  • Desire and capability to work independently and collaboratively in a remote and/or office environment

 

Preferred Qualifications:

  • Experience working in accounting and finance for an investment firm, ideally managing private equity funds
  • Experience with accounting software for private equity funds

 

Success:

Within the first 75 days:

  • Embrace Women’s World Banking’s core values and desired behaviors
  • Understand WAM’s investment process, accounting and compliance functions
  • Manage bookkeeping functions for WAM and fund entities
  • Coordinate with Fund administrators on quarterly financial statements