Operations Manager : International Private Equity

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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:

1. Preparation of relevant reports and supporting documentation for board meetings.
2. Actively contributing to a world-class operating environment for the IPE business.
3. Perform most reporting functions for the IPE business, such as stakeholder reports, IC valuations reports, investment managers report, banking reports, etc.
4. Set up of new sub-funds and new products.
5. Liaise with key stakeholders, such as lawyers, bankers, administrators, auditors, and investment managers.
6. Provide recommendations to capital calls, cash statements review, and make cash management decisions.
7. Conduct State Street reporting reviews.
8. Provide net asset value confirmation to the investment manager.
9. Prepare advisory fee calculation reviews & arrange invoices.
10. Update Preqin performance data.
11. Financial statements reviews & respond to audit queries.
12. Credit facility renewals (State Street Bank & Standard Chartered Bank).
13. Deal with FATCA / CRS update requests from portfolio funds.
14. Prepare Subscription documents & AML for all new portfolio funds.
15. Tax requests from OM Group Tax.
16. Updates to sub-fund prospectuses.
17. Invoices reviews & allocation between sub-funds.
18. Data management - maintaining documents on OneDrive.
19. Handle subscriptions relating to additional Dealing Days when applicable.
20. Monitor and value Legacy Assets.
21. Liaise with Old Mutual Wealth in respect of their investors in the sub-funds.
22. Arrange for semi-annual IUT filings.
23. Strive for continuous improvement in the IPE operating processes.

Skills, Qualifications & Experience required:

1. Relevant degree.
2. CA (SA) or legal qualification would be beneficial but not essential.
3. At least 10 years of private market or financial services experience.
4. Prior experience working in a middle office Investment banking, asset management or private equity finance environment would be beneficial but not essential.
5. Strong attention to detail.
6. Ability to complete tasks independently.
7. Strong cultural fit – partnership, humility, perspective, respect.
8. Good technical ability, specifically the ability to understand complexities and nuances around international private equity investments and portfolios.
9. Strong operational capabilities.
10. Ability to communicate and influence at senior levels.
11. Strong communicator, confident and at ease with people.

Competencies:

1. Self-Starter, smart and clear, with integrity, humility, and perspective.
2. Partnership and teamwork mentality, collaborative.
3. Ability to see big picture and detail.
4. Respect for process and ability to institute structure.
5. Excellent verbal and written communication skills.
6. Excellent listening skills with strong EQ.
7. Excellent organizational skills, ability to prioritize and manage a multitude of issues simultaneously.
8. 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.
9. Resourceful and creative.

Closing Date: 22 November 2024