Description:
We are seeking a Manager, Investment Operation (Private Markets) for our Finance team. Reporting to the Senior Manager, Investment Operations, the Manager, Investment Operations (Private Markets) is responsible for the day-to-day oversight of all investment transactions, accounting and monitoring of CAAT’s externally managed private markets portfolio – including private equity, real estate, infrastructure and private credit investments.
The successful incumbent will help lead the governance and operational control framework supporting CAAT’s private markets portfolio, with a focus on operational efficiency, data integrity, and effective risk management across the function.
As The Newest Member Of Our Team, You’ll
- Oversee day-to-day private markets operations, including capital calls, distributions processing and maintenance of all data within portfolio accounting system (eFront) used for reporting purposes.
- Lead the monthly and quarterly close for the portfolio, ensuring timeliness, accuracy, and appropriate supporting documentation for all private holdings.
- Review and challenge GP valuations and NAVs; prepare supporting analysis and recommendations for the internal valuation governance process and Level 3 reporting.
- Oversee the calculation and review of management fee and carried interest accruals across the private markets portfolio to ensure accuracy.
- Manage the working relationships with Investments team, GPs, fund administrators, and the custodians on operational and accounting matters.
- Partner with the Operational Due Diligence and Investment teams on the onboarding of new private market investments, including account openings, KYC/FATCA/CRS documentation, and data requirements.
- Develop, document, and maintain policies, procedures, controls and governance documentation for the private markets operations function.
- Identify and lead process improvement and automation initiatives to enhance scalability, data integrity, and control effectiveness.
- Coach, mentor, and develop junior team members, supporting the broader team culture.
To Succeed, You Bring
- A minimum of six (6) to eight (8) years of progressive experience in investment accounting, investment operations, or middle/back-office functions supporting private markets portfolios at a pension plan, institutional asset manager, custodian, or professional services firm.
- University degree in accounting, finance, or business administration; a professional designation (CPA, CFA, CBV, or CAIA) is strongly preferred.
- A deep understanding of private markets instruments, fund structures, and accepted valuation methodologies, combined with hands-on experience supporting transaction operations for an investment portfolio.
- Ability to critically assess and challenge GP NAVs and valuation marks, and to prepare defensible supporting analysis for internal valuation governance and audit.
- Working knowledge of fund waterfalls, carried interest, and management fee calculations, including side letters and preferred return mechanics.
- Prior experience coaching, mentoring, and providing direct review of junior staff, including direct people-management experience, with the ability to lead and motivate a team, develop talent, and drive results.
- Strong attention to detail and ability to deliver under multiple competing priorities; exceptional problem-solving and sound decision-making practices; strong operational risk awareness with the ability to identify issues, recommend solutions, and strengthen internal controls and processes.
- Effective written and verbal communication skills with the proven ability to build and foster relationships with key stakeholders; interest in exploring new technologies and leveraging AI, automation, and process improvements to enhance operational efficiency and scalability.