Associate, Private Wealth Fund Finance

Purpose of Position

Pantheon Ventures (“Pantheon”), a $90B multi-strategy investment firm, is seeking a Associate, Fund Finance for its International Private Wealth strategy.  The candidate will have meaningful participation across a wide range of job functions supporting the investment platform. The candidate should appreciate the entrepreneurial nature of the position and the opportunity to play a key role in the ongoing launching of new funds and products within a well-established, global investment firm. The candidate should be well-versed in Private Equity, Infrastructure and/or Multi-Stratgies fund management, accounting, valuation, risk management, semi-liquid private markets products in Europe, the role of third-party fund service providers and general finance and reporting oversight functions. The individual will join the Private Wealth Operations team based in London.

The Associate, Fund Finance – Private Wealth, working with the Principal, Fund Finance - Private Wealth, will play a central role in the Private Wealth Fund Finance team. This will include key fund finance activities such as fund administrator accounting oversight, fund audit, reporting, valuation procedures, and other operational processes that may be required.

Key Responsibilities

• Partner with the Private Wealth Operations team to provide financial and operational support to ensure that business objectives are met.
• Build, develop and maintain good working relationships between the teams and its internal/external clients and suppliers.
• Provide financial and operational support for the set-up of new structures or funds including working with the structuring team, internal counsel, external advisors, and Private Wealth Operations team to ensure that operating frameworks are set up appropriately.
• Fund accounting review for the International Private Wealth products, ensuring that financial deliverables are of high quality and financial statements are accurate and complete.
• Review and approval of fund expenses - ensuring these are reasonable and understood.
• Review and approval of management/performance fees, as required.
• Review and approval of the funds' reporting and any regulatory reporting that may be required.
• Oversight of third-party fund administration providers, transfer agency, and other service providers in conjunction with the Third-Party Administration Management team.
• Assist with external audits for Private Wealth products, which will include liaising with the funds' external auditors and ensuring that audit queries are addressed and completed in line with deadlines.
• Review and approve capital events such as calls, distributions and equalisations, as required.
• Ensure applicable control and risk frameworks and policies are adhered to and that existing procedures are refined to reduce operational risk.
• Complete other ad-hoc projects and tasks from time to time.
• Support the Investor Relations team.
• Provide transaction support for acquisitions and creation of new entities to ensure transaction closings are achieved as planned.
• Attend the relevant investment team meetings to understand the current deal pipeline, future transactions, new funds and anticipating and coordinating any operational requirements.
• Attend the relevant month-end or quarter-end valuation meetings to understand the valuation methodologies of the Private Wealth products.
• Assist with any fund launches, sales, and extensions where necessary, related to the Private Wealth products.

Knowledge and Experience Required  

• Recognised accounting qualification, with strong accounting skills.
• Broad knowledge of Private Equity, Infrastructure and/or Multi-Strategies, semi-liquid products such as SICAV’s and the processes involved in servicing these funds.
• Customer focused, with a passion for quality and efficiency.
• A strong risk and control mindset.
• Experience in designing, monitoring and understanding the internal controls frameworks in place at each stage of a fund/product life cycle.
• The ability to lay out processes, controls and procedures in simple, clear formats including data flows, controls matrices, etc.
• Ability to prioritise and manage own workload.
• Experience in process change and improvement projects.
• Excellent organisational and planning skills.
• Proficient Excel skills.
• Comfortable acting proactively and always with integrity.
• Strong communication skills, both written and verbal and the ability to develop meaningful partnerships with both internal and external teams.
• Professional scepticism: an ability to ensure that things are not taken at face value and always asking "does this make sense?"
• Problem solver: an ability to, and an interest in searching for solutions to problems and establishing the root causes of any issues that arise.