About this Position:
The past few years have been a time of phenomenal growth and development for Candide Group. We launched the Olamina Fund, a $40M private debt fund creatively providing access to capital to women and communities of color, onboarded a number of new advisory clients, and added 15-20 new private funds and companies to our clients’ combined portfolios every year.
With a growing portfolio and client base, Candide is in the process of selecting and implementing a new Portfolio Management System (leading candidates include Addepar, Maestro, Relevant Equity Works and FundCount). We are currently seeking a full-time Portfolio Operations Manager to manage and maintain this new Portfolio Management System, and to generally improve our ability to oversee and support our clients’ portfolios.
Responsibilities will fall in the following areas:
Ongoing portfolio monitoring and oversight:
Ensure that all funds and companies in the Candide portfolio are complying with their reporting requirements and we are receiving everything from them in a timely manner
Monitor and flag key dates with specific action items (e.g. extensions/maturities, payments due etc.)
Update our Portfolio Management System on an on-going basis, particularly with quarterly fund valuations (Capital Account Balances, NAVs etc)
Capture and update terms for direct equity investments (eg pricing and rights for new share classes, cap table information etc.)
Work with custodians for account opening, transfers, valuation updates, wires and other activities
Generate portfolio reports for clients and prospective clients:
Coordinate and manage the process of generating quarterly reports for Candide’s advisory clients
Generate portfolio performance reports for Candide’s marketing/sales materials (RFPs, prospective client presentations etc.)
Support deal closing processes:
Pre-fill investor questionnaires and subscription forms
Project-manage the deal closing process to ensure both investors and investees are receiving all the documents they need to facilitate closing
Ensure investment information is captured and documented once closed
Support Implementation of a new Portfolio Management System:
In the near term (next 3-6 months), support the data migration process into the our new Portfolio Management Software
The ideal candidate:
5+ years experience in portfolio operations and analytics
Is familiar with Portfolio Management Software solutions such as those currently being considered by Candide (Addepar, Masttro, etc.)
Has experience supporting private market transactions (private equity/debt companies and directs)
Understands portfolio accounting terminology, processes, workflows, and data models
Is highly organized and able to manage multiple, parallel, time-sensitive deal closing processes
Has a high level of accountability, attention to detail, and responsiveness
Is passionate about supporting the success of founders and managers in Candide’s portfolios, has genuine curiosity about the businesses and love for the people behind the businesses
Is deeply committed to social change and to justice, equity, diversity and inclusion (a true JEDI), while knowing it takes organization, strategy, and systems to achieve it.
Most of our team is based in Oakland, CA. Open to remote candidates.
$90,000-120,000. Additionally we offer standard benefits such as health insurance and an employer-contributed 401k.
Please email your resume to firstname.lastname@example.org and include “Portfolio Operations Manager” in the subject line.
Please note that before extending a final offer, we will ask for three references
The deadline for submitting an application is April 25, 2022.
Candide Group is an equal opportunity employer committed to diversity, equity, inclusion, and justice. We strongly encourage and seek applications from women, people of color, including bilingual and bicultural individuals, formerly incarcerated individuals, as well as members of the lesbian, gay, bisexual, and transgender communities. We do not discriminate in hiring or employment on the basis of race, color, religion, national origin, gender, marital status, sexual orientation, age, disability, or veteran status.
Job Status: Open
Job Sectors: Operations Manager
Job Type: Full Time
Regions: North America