Private Equity Director

At HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance. Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services. We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation. Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise. This role will be hybrid in either our Dallas, TX or Raleigh, NC office. Visa sponsorship will not be offered at this time. Private Equity Department Due to its innovative technology and service offering HedgeServ’s closed end funds team is expanding. The team currently services a mix of private equity, real estate and hybrid structures. The team works with its clients on collaborating new technology solutions as well as client service models to support unique structures and operating models to meet an evolving and growing area within the asset management industry. We have an open and collaborative approach and look for everyone’s input when solving problems. This framework encourages professional development by empowering you to learn continuously and focus on more complex work as your experience progresses. Working in the PE department gives you exposure to new developments and forward-thinking approaches within our industry. Job Description A Private Equity Director will be required to manage the closed end fund accounting process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Private Equity Managing Director. They will manage the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for closed end fund administration. Responsibilities The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs. Responsible for the day-to-day management of the Private Equity team including: Capital Call and Distribution Processing Preparation of net asset value calculations and financial statements Fee calculations and profit and loss allocations Waterfall creation and maintenance Performance reporting including IRRs Ad hoc client and investor reporting Managing client relationships involving interaction with both the client and the relevant Private Equity Managing Director to ensure consistency of service Ensure the assigned accounting team operates within the clearly defined and documented control environment Manage and develop client teams of up to 10 employees Resolve fund accounting enquiries escalated by Supervisor or Administrator Develop and improve workflows and procedures Manage the audit process ensuring timely and successful completion of fund audits Manage and complete client onboarding and transitions Manage fund accounting recruitment, training and performance evaluations Establish and maintain effective working relationships with other stakeholder groups HedgeServ operates a client focused structure which provides a wide range of experience to all levels of employees. As such a Private Equity Fund Accounting Director should be flexible and willing to adapt. Pre-requisite Knowledge, Skills and Experience 10 years’ experience working in a Hedge Fund Administration firm with at least 3 of those at Supervisor level is desired. Alternative Hedge Fund or Private Equity Fund experience will be considered Accounting, Economics, Finance, Mathematics or Business Degree Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required Strong verbal and written communication skills Good people manager with the ability to coach and develop a team Strong analytical and problem-solving skills Ability to be flexible and work effectively both within a team structure or independently Strong inter-personal skills with the ability to influence at all levels of the organization Strong systems, product and process knowledge – Investran experience ideal Committed to delivery of results Strong Client focus and stakeholder management skills At HedgeServ, our people are at the core of everything we do. We aspire to grow and challenge the status quo and it is our high calibre talent that drives our progress. We deliver success with the biggest clients because we have the best people working for us. We're committed to rewarding performance with competitive salary & benefits packages and ongoing learning and development opportunities. If you’d like a challenging and rewarding career, we’d love to hear from you. HedgeServ has a culture of innovation, excellence, and continuous improvement which has continued to evolve through our employees. Our corporate values create a sense of shared purpose and belonging as we work together to achieve the vision and mission of HedgeServ. We experience successful results through demonstrating the below values and behaviors which are at the core of how we communicate with employees and clients. We work in partnership with each other and our clients; collaboration is at the core of what we do. We work collaboratively, focusing on end-to-end ownership and autonomy in our processes. We share knowledge across our teams and offices to gain expert and diverse views. We develop long-term relationships through investment and commitment to our employees and clients. We communicate in personal, inviting, and authentic ways whether face-to-face or virtually. We empower and trust employees so they can realize their full potential on an individual and organizational level. We leverage our global reach for positive local impacts. We focus on employee health and well-being. We are empathetic and committed to diversity and inclusion. We listen to each other and think about what we want to say and then respond. We embrace corporate social responsibility and our ability to impact and enrichen the lives of our team, their families, our clients, and the world around us. We embrace an entrepreneurial spirit and growth mindset where change is a positive dynamic. We confidently challenge the status quo with respect and positive intent. We offer a leading-edge suite of proprietary technology applications. We rapidly adapt to current information, changing conditions, or unexpected obstacles. We act with vision, agility, and resilience. We listen to each other’s ideas and value diverse perspectives. We are the most experienced team of industry experts. We share our knowledge with each other to make us stronger; we share our knowledge with our clients to make them stronger. There is no question we can’t answer, nor any problem we can’t solve. We cultivate a productive and agile environment which allows us to anticipate our clients’ needs and consistently deliver solutions in real time. We embrace an entrepreneurial spirit while leveraging the resources of a global organization. We scale our resources to meet the requirements of our clients. We foster continuous training and professional development.