Team Lead - GP Accounting

About Us

WHY Linedata?

Linedata is an award-winning software solutions company. We believe finance matters to our society as much as energy to life and fueling financial transformation is vital for development and leadership.

We humanize technology :

We are passionate experts who provide investment management and credit communities with innovative, user-friendly products which help their businesses grow in over 50 countries

Our environment is international, ego-free and relaxed. We believe in building confidence through giving clear responsibilities to our team members and managing to given goals and targets. We celebrate success and we enjoy each other’s company

We employ more than 1350 employees representing 40 nationalities spread throughout our offices in 14 countries. We believe in mobility, diversity & teamwork.

Our mission is to continue to find new ways to create and build flexible, mission-critical software and services and to stay on the cutting edge of the financial software space.

JOIN THE MOVEMENT

We provide the investment management and credit communities with an innovative, user-friendly suite of products that, through detailed market and client insights, help their business to grow in over 50 countries.

We are transforming the financial services community which is in constant evolution.

With our agility, we make technology simple & accessible for our users. Let’s work together to achieve the best solutions for our clients.

Commitment to Diversity

We recognize, celebrate, and seek to increase diversity across our organization. Diversity is an asset to organizations and is linked to better performance. It is an integral part of how we do business and imperative to our success. As an international Group, we also believe that our people need to reflect our clients and local communities.

Linedata is an Equal Opportunity Employer. We are committed to complying with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations.

It is our intent to maintain a work environment that is free of harassment, discrimination, or retaliation based on an individual's race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition, genetic information, marital status, sex, gender, age, ****** orientation, veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws.

Job Description

The team will be administering the Carried interest and Co-invest programs for all General Partner entities across the entire Client Platform , including Private Equity & Special Credit (closed-ended), Credit (open-ended), Real Estate (closed-ended) and hybrid vehicles including a BDC:

Responsibilities / Tasks

Accounting:
• Prepare journal entries, quarterly trial balances, financial statements and supporting work-paper packages.
• Work directly with Fund Accounting and Corporate Accounting teams to ensure proper treatment of underlying fund-level activity, expense accruals and other intercompany activity.
• Work with/ review administrator quarterly review packages (Credit fund GP).
• Prepare / review economic allocations and partner capital account roll-forwards.
• Work with public accounting firms on annual audits and Custody Rule Compliance.

Capital activity / Operations:
• Calculate all contribution and distribution amounts for each GP member (including capital / co-invest and carried interest).
• Prepare all contribution and distribution event models, including detailed exhibits.
• Maintain loan and interest schedules and administer the GP’s leveraged co-investment program with a third-party bank.
• General cash management - maintain cash reconciliations for all GP entities and the GP Team omnibus account; monitoring contributions/ distributions (between the Funds as well as the GP members) and liquidity forecasting in advance of capital activity.
• Reconcile cash flows related to capital activity and prepare necessary internal and external wires.

Reporting:
• Preparation of quarterly / semi-annual capital account statements.
• Preparation of quarterly / semi-annual schedule of investments, with detailed deal information.
• Maintain the GP’s secure reporting portal.
• Prepare year-end compensation reporting in connection with carried interest.

Investor Services / Projects:
• Onboard new GP members.
• Facilitate soliciting investment decisions, banking information and various ad hoc requests.
• Participate in the continued implementation of a new investor portal / allocation engine (GPx) and accounting system (Workday).
• Automate current processes and a multitude of other projects impacting the GP.

Job Requirement

Role Summary:

The team will be administering the Carried interest and Co-invest programs for all General Partner entities across the entire Client Platform , including Private Equity & Special Credit (closed-ended), Credit (open-ended), Real Estate (closed-ended) and hybrid vehicles including a BDC:

Responsibilities / Tasks

Accounting:
• Prepare journal entries, quarterly trial balances, financial statements and supporting work-paper packages.
• Work directly with Fund Accounting and Corporate Accounting teams to ensure proper treatment of underlying fund-level activity, expense accruals and other intercompany activity.
• Work with/ review administrator quarterly review packages (Credit fund GP).
• Prepare / review economic allocations and partner capital account roll-forwards.
• Work with public accounting firms on annual audits and Custody Rule Compliance.

Capital activity / Operations:
• Calculate all contribution and distribution amounts for each GP member (including capital / co-invest and carried interest).
• Prepare all contribution and distribution event models, including detailed exhibits.
• Maintain loan and interest schedules and administer the GP’s leveraged co-investment program with a third-party bank.
• General cash management - maintain cash reconciliations for all GP entities and the GP Team omnibus account; monitoring contributions/ distributions (between the Funds as well as the GP members) and liquidity forecasting in advance of capital activity.
• Reconcile cash flows related to capital activity and prepare necessary internal and external wires.

Reporting:
• Preparation of quarterly / semi-annual capital account statements.
• Preparation of quarterly / semi-annual schedule of investments, with detailed deal information.
• Maintain the GP’s secure reporting portal.
• Prepare year-end compensation reporting in connection with carried interest.

Investor Services / Projects:
• Onboard new GP members.
• Facilitate soliciting investment decisions, banking information and various ad hoc requests.
• Participate in the continued implementation of a new investor portal / allocation engine (GPx) and accounting system (Workday).
• Automate current processes and a multitude of other projects impacting the GP.