Operations Manager : International Private EquityLet's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
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.
Key Result Areas: Preparation of relevant reports and supporting documentation for board meetingsActively contributing to a world class operating environment for the IPE businessPerforms 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 productsLiaise with key stakeholders, such as lawyers, bankers, administrators, auditors and investment managersProvide recommendations to capital calls, cash statements review and make cash management decisionsConduct State Street reporting reviewsProvide net asset value confirmation to the investment managerPrepare advisory fee calculation reviews & arranging invoicesUpdate Preqin performance dataFinancial statements reviews & responding to audit queriesCredit facility renewals (State Street Bank & Standard Chartered Bank)Dealing with FATCA / CRS update requests from portfolio fundsPreparation of Subscription documents & AML for all new portfolio fundsTax requests from OM Group TaxUpdates to sub-fund prospectusesInvoices reviews & allocation between sub-fundsData management - maintaining documents on OneDriveHandling subscriptions relating to additional Dealing Days when applicableMonitoring and valuation of Legacy AssetsLiaison with Old Mutual Wealth in respect of their investors in the sub-fundsArranging for semi-annual IUT filingsStrive for continuous improvement in the IPE operating processesSkills, Qualifications & Experience required: Relevant degreeCA (SA) or legal qualification would be a beneficial but not essentialAt least 10 years of private market or financial services experiencePrior experience working in a middle office Investment banking, asset management or a private equity finance environment would be beneficial but not essentialStrong attention to detailAbility to complete tasks independentlyStrong cultural fit – partnership, humility, perspective, respectGood technical ability, specifically the ability to understand complexities and nuances around international private equity investments and portfoliosStrong operational capabilitiesAbility to communicate and influence at senior levelsStrong communicator, confident and at ease with peopleCompetencies: Self-Starter, smart and clear, with integrity, humility and perspectivePartnership and teamwork mentality, collaborativeAbility to see big picture and detailRespect for process and ability to institute structureExcellent verbal and written communication skillsExcellent listening skills with strong EQExcellent organizational skills, ability to prioritize and manage multitude of issues simultaneouslyHas 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 partiesResourceful and creativeClosing Date: 22 November 2024
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process.
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