Manager, Finance - Private Equity

Posted 3 Days Ago
Be an Early Applicant
Brookfield, Lac du Bonnet, MB
Senior level
Fintech • Financial Services
The Role
The Manager, Finance will oversee fund operations and private reporting for the Private Equity group. Responsibilities include reviewing quarterly reporting, preparing financial statements under US GAAP and IFRS, managing investor communications, and overseeing fund operations including compliance and forecasting.
Summary Generated by Built In

Location

Brookfield Place - 181 Bay Street

Business - Private Equity

The Brookfield Private Equity Group has a 20-year track record of consistently generating strong investment performance. Leveraging its deep experience as a long-term owner and operator of world-class assets and businesses, the team is focused on acquiring high-quality businesses with barriers to entry and enhancing their cash flow capabilities by improving strategy and execution. The private equity group has over $131B of assets under management, with an integrated team of investment and operational professionals located in key regions around the world. Investors can participate in the growth of our industrial and services businesses through our publicly listed vehicle, Brookfield Business Partners, or through our private funds. Our flagship global private equity fund, Brookfield Capital Partners VI, is currently raising its sixth fund and has a diverse group of institutional partners from around the globe. Brookfield Business Partners is listed on the New York and Toronto stock exchanges (NYSE: BBU, TSX: BBU.UN). For more information, please visit our website at https://bbu.brookfield.com.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.


Job Description

Reporting to the Vice President, Finance, the Manager, Finance will be responsible for fund operations and the private reporting needs of Brookfield’s Private Equity group.

Responsibilities:

The responsibilities for this position would include, among other things:

  • Review quarterly reporting to investors and other users, including financial statements prepared under US GAAP and fund and investment performance tracking

  • Reviewing and preparing public reporting templates prepared in accordance with IFRS

  • Preparing public reporting templates comprised of metrics used in Brookfield Asset Management’s asset management reporting

  • Review of investor PCAP and available commitment schedules on a quarterly basis

  • Presentation of quarterly results to senior management

  • Working with various service providers to ensure information being provided to investors is accurate and provided in a timely basis

  • Review valuations of fund investments on a quarterly basis

  • Review of accounting packages for individual legal entities, including review of tax financials

  • Preparing internal and external audit requests and maintaining appropriate control documentation

  • Working closely with the fund administrators to provide them with the details of what to include in capital calls from, and distributions to investors and ensuring this is done on a timely basis

  • Assist with managing fund operations, including investment closes, investor queries, forecasting and compliance

  • Thorough understanding of the legal structure of the various funds and the related impact on funds flows and consolidation

  • Assist with analysis of complex accounting issues that arise

  • Assist with process improvements to the reporting process

  • Special projects & ad hoc requests as required

Requirements:

  • University degree

  • Professional accounting designation (CPA/CA preferred)

  • Minimum of five years of progressive work experience in finance and/or accounting functions;

  • Experience in private funds and knowledge of the investment management industry, and experience dealing with complex ownership structures would be an asset.

  • Demonstrated leadership ability and initiative;

  • Excellent analytical, and problem-solving ability;

  • Exemplifies the right motivation by aspiring to achieve collective goals;

  • Ability to work in a dynamic, complex, fast-paced environment, to adapt quickly and to manage changing priorities;

  • Superior communication skills (oral and written) and interpersonal skills;

  • Strong organizational skills and ability to multi-task, prioritize and meet deadlines;

  • Strong financial systems experience, including advanced Excel;

  • Self-motivated and pro-active, with respect to both managing workload and professional development.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.

Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.

The Company
HQ: New York, NY
3,725 Employees
On-site Workplace

What We Do

Brookfield is invested in long-life, high-quality assets and businesses around the world that form the backbone of the global economy. With over $850 billion in assets under management, and over 100 years’ experience as an owner and operator, we put our own capital to work in virtually every transaction, aligning interests with our partners and investors, and bringing the strengths of our operational expertise, global reach and large-scale capital to bear in everything we do.

To learn more about our global businesses spanning renewable power and transition, infrastructure, real estate, private equity and credit, please visit www.brookfield.com.

Phishing and Fraudulent Websites Warning
Please be aware of the misuse of the Brookfield name and brand by individuals and groups fraudulently publishing fake websites and engaging in “phishing” scams that seek personal or confidential information from potential job candidates. This includes the posting of fake Brookfield job offers on LinkedIn and other career sites.

You can find more details on what to look out for and how to report potentially fraudulent activity at https://www.brookfield.com/web-fraud-and-phishing-warning.

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