Fund Investment Operations Associate Director

Job Title: Fund Investment Operations Associate Director

Contract Type: Permanent, full-time

Location: London, St Pauls

Work Pattern: 3 days in the office, 2 days working from home

Department: Investment Operations

What the Hiring Manager says….

This presents an exciting opportunity to get hands-on experience with various private strategies at ICG, some of which have demonstrated significant growth. You will have the exciting opportunity to be involved in deal closings and the creation of new funds as we expand our business. Moreover, there is a promising opportunity to eventually lead a team in this area. To excel, you must have a strong understanding of Private Markets and be knowledgeable about the deal closing procedures.

Position Summary:

This position primarily focusses around providing support to front office staff and external fund boards to ensure smooth execution of deals. This involves co-ordinating Fund Boards of Directors and numerous internal and external stakeholders, while simultaneously managing the intricacies of the transaction execution process.

This position demands a strong balance between commercial objectives of assisting front office deal teams in the execution process and maintaining a strong risk managed approach to handling deal execution. The role involves managing deal execution for Operations across its various funds from inception through to funding, managing current account banking negotiations and regulatory compliance of investments.

The role also involves working with specialist teams involved in negotiating agreements with banking, administrator and other counterparties and working with regulatory specialists within and outside ICG to address matters affecting the funds across all jurisdictions.

Ensuring robust, effective and efficient controls are in place is important given the nature of the risk in this area. Processes and procedures need to be well documented and effectively managed. Sharing knowledge with the Operation team, with emphasis on the Operation controllers, is also vital for the wider team success, of which you are an important part.

Primary Responsibilities:

The responsibilities of the role include, but are not limited to:

Transaction support

• Managing complex documentation and completion including recap and amendment processes across all private investment funds, including liaison on fund investments structures, and restructuring in cooperation with the tax/structuring teams. This includes, inter alia, obtaining a good understanding of the SPA documents, waivers and amendments and other such documents; POA management; Notarisation process; KYC/CDD management always ensuring that ICG and its funds are protected. Managing the ICG Co-Invest management along with ICG Legal & Compliance.

• Comprehensive support/liaison to the Investment team for new deals, refinancing, restructures and exits.

• Organising, attending and managing ICG’s interaction and involvement with Fund Boards. Provision of transaction assistance for fund boards; Leading on resolving all open matters for Board with focus on those matters addressed for ICG.

• Working with administrators to ensure all banking facilities are available and ready for use – including receiving and managing Luxembourg blocking certificate and notarisation process.

• Liaison and working in cooperation with internal fund tax team, tax and legal external counsels to ensure that the initial deal structure is set up, documented and handed over successfully to the team handling ongoing administration and compliance.

• Managing and review of funds flow; managing funding and initial hedging arrangements with ICG Treasury. Liaison with portfolio company and ICG advisors. Working with fund accounting and admin teams to ensure sufficient capacity on bridge facilities where required. Ensuring appropriate procedures and processes are in place and applied to ensure a smooth and efficient funding process.

• Ensuring the fund controllers receive full support and are frequently appraised on current status of ongoing transactions and all other matters affecting their funds. Investment Operations lead on Investment pipeline updates for team. Update performance and accounting team on deal developments and upcoming activity.

Fund Life Cycle Matters

• Working on fund Liquidations/terminations.

• Manage deal mechanics/structure/complexities with the performance and accounting team.

• Managing LP Partner Transfers.

Financing, Regulatory and Tax Compliance

• Responsibility for asset level entity and banking arrangements and set up through administrators.

• Fund structure compliance & adherence; Includes managing the arrangements required to ensure strong substance for our funds. Working closely with ICG tax team to ensure treatment of any investment items and ongoing compliance and review of commercial agreements.

Process definition and building a scalable function

• Championing and being a positive advocate of process enhancement and ensuring adequate process documentation and control for your areas of responsibility to an auditable standard.

• Other ad hoc projects to support the team objectives.

Key Requirements/ Qualifications:

• Luxembourg private M&A market required, US experience a plus.

• Mid/Intermediate level previous experience working in Private Equity/Asset Management role or equivalent.

• Batchelors Degree

• Tax / Accounting qualifications are a strong plus

• European languages are a strong plus

Personal Attributes

• Strong communication/presentation skills – the role involves efficient coordination of cross-functional teams/departments across both ICG and external providers – Administrators, Fund Boards, Deal Advisors, Tax Advisors.

• Demonstration of creative problem solving / process improvements / building relationships with key business stakeholders.

• Analytical with attention to detail, highly organised and results focused.

• Driven, resilient, able to work under pressure to tight timelines and independently with various projects/deals simultaneously at any given time.

Our Global Benefits Framework is centred around these 3 key attributes:

• Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.

• Inclusivity – Fit for purpose and competitive, no matter who or where you are.

• Longevity – Long Term and sustainable in design.