Job description
Formative Search is partnering with one of the largest private markets investment managers, looking for a Senior Operations Fee Specialist based in their Singapore office.Key Responsibilities:
- Master various fee structures and principles relevant to a diverse portfolio of private market programs and clients throughout the lifecycle of funds and investments, encompassing both management and incentive fees.
- Engage in a range of activities related to program and client fees, collaborating with different operational teams and client relationship professionals worldwide.
- Interpret fee terms outlined in legal agreements.
- Enter, verify, and monitor fee parameters in the fee database.
- Conduct and review complex or non-standard fee calculations within required timelines.
- Analyze fee trends and developments.
- Ensure compliance with internal fee processes and controls that are reviewed annually.
- Lead efforts to automate fee calculations.
- Oversee annual external fee audits.
- Clarify fee terms in consultation with internal teams.
- Coordinate with Client Relationship and Risk teams regarding fee outcomes.
- Suggest improvements to fee systems and procedures.
- Evaluate unusual fee structures critically.
- An undergraduate degree in Math, Accounting, Finance, Financial Management, Business Administration, or a related field.
- A minimum of 7+ years of experience in a related field.
- Experience in Private Equity, Venture Capital, or Hedge Fund accounting/finance is highly desirable.
- Candidates should be self-reliant, analytical, detail-oriented, and adept at understanding and interpreting fee structures and their implications.
- Strong proficiency in Microsoft Excel is required.
- A strong interest in automation and efficiency is essential.
- Only Singaporeans and Singapore PRs will be considered.