Operations Manager : International Private Equity needed at Old Mutual
Job title : Operations Manager : International Private Equity
Job Location : Gauteng, Johannesburg
Deadline : December 26, 2024
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Job Description
- An exciting opportunity has arisen to join Old Mutual Alternative Investments’ (OMAI) International Private Equity (IPE) as an Operations Manager. The IPE business is a seasoned global alternatives programme founded in 2007. It makes primary and secondary private equity investments in buyout, growth and venture capital funds across the USA, Europe and Asia.
- The team has demonstrated a consistent ability to outperform benchmarks, industry peers and the relevant public markets. The successful incumbent will join as an integral member of the IPE team with a responsibility in performance analysis and operations (primarily legal & financial), which will contribute towards strong investment outcomes and protect and enhance the IPE’s brand and culture.
Keyt Result Areas:
- Preparation of relevant reports and supporting documentation for board meetings
- Actively contributing to a world class operating environment for the IPE business
- Performs most reporting functions for the IPE business, such as, but not limited to, stakeholder reports, IC valuations reports, investment managers report, banking reports, etc.
- Set-up of new sub-funds and new products
- Liaise with key stakeholders, such as lawyers, bankers, administrators, auditors and investment managers
- Provide recommendations to capital calls, cash statements review and make cash management decisions
- Conduct State Street reporting reviews
- Provide net asset value confirmation to the investment manager
- Prepare advisory fee calculation reviews & arranging invoices
- Update Preqin performance data
- Financial statements reviews & responding to audit queries
- Credit facility renewals (State Street Bank & Standard Chartered Bank)
- Dealing with FATCA / CRS update requests from portfolio funds
- Preparation of Subscription documents & AML for all new portfolio funds
- Tax requests from OM Group Tax
- Updates to sub-fund prospectuses
- Invoices reviews & allocation between sub-funds
- Data management – maintaining documents on OneDrive
- Handling subscriptions relating to additional Dealing Days when applicable
- Monitoring and valuation of Legacy Assets
- Liaison with Old Mutual Wealth in respect of their investors in the sub-funds
- Arranging for semi-annual IUT filings
- Strive for continuous improvement in the IPE operating processes
Skills, Qualifications & Experience required:
- Relevant degree
- CA (SA) or legal qualification would be a beneficial but not essential
- At least 10 years of private market or financial services experience
- Prior experience working in a middle office Investment banking, asset management or a private equity finance environment would be beneficial but not essential
- Strong attention to detail
- Ability to complete tasks independently
- Strong cultural fit – partnership, humility, perspective, respect
- Good technical ability, specifically the ability to understand complexities and nuances around international private equity investments and portfolios
- Strong operational capabilities
- Ability to communicate and influence at senior levels
- Strong communicator, confident and at ease with people
Competencies:
- Self-Starter, smart and clear, with integrity, humility and perspective
- Partnership and teamwork mentality, collaborative
- Ability to see big picture and detail
- Respect for process and ability to institute structure
- Excellent verbal and written communication skills
- Excellent listening skills with strong EQ
- Excellent organizational skills, ability to prioritize and manage multitude of issues simultaneously
- Has strong inter-personal skills to interface at a senior level inside and outside the Old Mutual Group leading to the ability to build working relationships internally and with third parties
- Resourceful and creative
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
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