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Job Description
THE TEAM
The Invesco U.S. Private Markets Team plays an integral role in supporting Invesco’s U.S. private market investment strategies, mainly private real estate and private credit fund strategies, structured as both institutional and retail funds. The team has a multi-faceted role in providing 1.) effective governance, strategy, and execution over Fund level balance sheet management processes; 2.) investment partner reporting and partner communications support; 3.) fund and portfolio analytical support; 4.) ongoing coordination between accounting, legal, portfolio, compliance, tax, and other teams as necessary to facilitate the effective operations of the U.S. private market fund suite offered by Invesco. Additionally, the team focuses on continual improvement and project-based initiatives to leverage technology, collaboration, and product expertise to enhance the efficiency in the way we work.
Role Summary
This role is a great opportunity to join the firm as a strategy lead for one of our investment verticals and showcase your analytical, problem solving, communication, and leadership skills. Strong candidates will bring a sense of mastery in their ability to organize, manage, and execute financial strategy on behalf of their assigned investment funds for the benefit of our partners. Confidence in accounting and finance related processes, financial and portfolio analysis, alternative asset experience, as well as an ability to organize and lead the team in prioritizing, organizing, and executing the ongoing operational needs of the funds and on behalf of the supported investment teams are what a successful candidate will bring to this role.
A typical day requires the ability to balance between planned and unplanned activities, work under pressure with grace, and proactively communicate across the team and firm to solve bespoke challenges and needs that the team faces in our pursuit of ongoing operational excellence, prudent financial management, and analytical support.
A Director should demonstrate deep expertise in Excel and PowerPoint, have experience in supporting institutional private funds, and demonstrate that they can effectively organize priorities daily, problem-solve, delegate, help others on the team learn and grow, and regularly seek out support from internal subject matter experts on a wide range of potential subject matters. Additionally, as a team lead, this person will maintain a solid understanding of the team’s ongoing and project-based work demands, coordinate and collaborate across the group to execute accurate and timely results to our stakeholders.
Primary Duties And Responsibilites
- Provide strategic direction on fund balance sheet management, cash management (including liquidity), investor capital flow forecasting, as well as debt flows, and financing activities.
- Run financial model scenarios, projections and sensitivities related, but not limited to, fund performance, debt covenants, and valuations, with the ability to analyze, interpret, and effectively communicate the results.
- Lead partnership reporting, including financial and non-financial information collection, rollup, analysis, and presentation in a wide variety of formats. Act as a subject matter expert in the firm to explain investment level portfolio details, characteristics, and future performance expectations.
- Support the Investor Relations Team with partner inquiries, particularly when the information requested is unique or requires analytical support to achieve.
- Understand, interpret, and confidently navigate fund level legal terms, definitions, and entity structure concepts.
- Understand and demonstrate knowledge in loan agreements, terms, and maintain clarity of leverage and covenant arrangements by lender.
- Maintain debt databases, liquidity forecasts, fund models, investment track records, and other data, as appropriate to manage and communicate important fund considerations to team members inside the firm.
- Implement and execute best practices, ensuring consistent policies and procedures across fund platform and proper controls.
- Ensure adherence to all fund restrictions / investment guidelines.
- Liaise with the Accounting Team on all financial reporting aspects, including oversight and/or understanding of management fee calculations, waterfalls, major accounting policies, and financial reporting impacts.
- Collaborate with the Performance Team to ensure accuracy and consistency with fund and investment performance calculations.
- Ensure and hold accountable staff for deliverable execution, accuracy, work-load management, and recognize/reward success where appropriate.
- Help identify and drive technology solutions to improve efficiencies and eliminate human error.
- Help maintain and enhance fund models to ensure they are robust, accurate, and dynamic.
- Assist with the coordination and oversight of third-party service providers and fund administrators, as appropriate.
- Other projects and initiatives, as appropriate.
Position Qualifications
EDUCATION/FORMAL TRAINING:
- Bachelor’s Degree in Accounting, Finance, or relevant business-related subject matter
- MBA or similar Master’s degree a plus
WORK EXPERIENCE:
- 10+ years of experience in a fund operation, financial analysis, corporate finance, portfolio operations, or similar experience with strong fundamentals in U.S. GAAP accounting
- 5+ years of experience working in private fund asset management
- Strong abilities in financial modeling, forecasting, and analysis
- Experience in private real estate equity and/or asset backed lending (CRE debt) desired
- Experience with open-ended and closed ended institutional drawdown funds desired
- Demonstrated experience in multi-tasking, coordination, and effective cross-team communications
- Experience in process improvement and/or project management a plus
SKILLS:
- Highly proficient in Microsoft Excel, Microsoft PowerPoint, financial modeling, and forecasting
- Excellent analytical skills with the ability to interpret financial data as well as financial statements
- Initiative to learn and take on tasks, self-starter with natural curiosity
- Strong written and oral communication skills
- Excellent interpersonal skills; ability to work independently and collaboratively with cross-functional teams
- Solid understanding of investment, fund, and accounting concepts
- Strong organization skills, keen attention to detail, and the ability to multitask
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What’s in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
- Flexible paid time off
- Hybrid work schedule
- 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
- Health & wellbeing benefits
- Parental Leave benefits
- Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.
