Operations Manager : International Private Equity at Old Mutual South Africa

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.

Keyt Result Areas:

• Preparation of relevant reports and supporting documentation for board meetings
• Actively contributing to a world class operating environment for the IPE business
• Performs 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 products
• Liaise with key stakeholders, such as lawyers, bankers, administrators, auditors and investment managers
• Provide recommendations to capital calls, cash statements review and make cash management decisions
• Conduct State Street reporting reviews
• Provide net asset value confirmation to the investment manager
• Prepare advisory fee calculation reviews & arranging invoices
• Update Preqin performance data
• Financial statements reviews & responding to audit queries
• Credit facility renewals (State Street Bank & Standard Chartered Bank)
• Dealing with FATCA / CRS update requests from portfolio funds
• Preparation of Subscription documents & AML for all new portfolio funds
• Tax requests from OM Group Tax
• Updates to sub-fund prospectuses
• Invoices reviews & allocation between sub-funds
• Data management - maintaining documents on OneDrive
• Handling subscriptions relating to additional Dealing Days when applicable
• Monitoring and valuation of Legacy Assets
• Liaison with Old Mutual Wealth in respect of their investors in the sub-funds
• Arranging for semi-annual IUT filings
• Strive for continuous improvement in the IPE operating processes

Skills, Qualifications & Experience required:

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

Competencies:

• Self-Starter, smart and clear, with integrity, humility and perspective
• Partnership and teamwork mentality, collaborative
• Ability to see big picture and detail
• Respect for process and ability to institute structure
• Excellent verbal and written communication skills
• Excellent listening skills with strong EQ
• Excellent organizational skills, ability to prioritize and manage multitude of issues simultaneously
• Has 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
• Resourceful and creative