Senior Associate, Revenue
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets and private credit.
We have partnered with more than 650 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $65bn in discretionary assets under management (as of December 31, 2023).
Leveraging our specialized experience and global team of professionals across Europe, the Americas and Asia, we invest with purpose and lead with expertise to build secure financial futures.
For further details please visit www.pantheon.com
Purpose of Position:
The position holder will play a critical role in managing and analysing revenue streams across multiple funds and jurisdictions. This position ensures accurate revenue recognition, supports client performance reporting and collaborates with legal, investor relations and fund finance teams to optimize financial outcomes. The position holder will oversee the revenue function of the finance team which is responsible for the operational and financial reporting aspects for the Pantheon Group. The ideal candidate will bring a strong foundation in accounting, a deep understanding of private equity structures and a proactive approach to financial analysis and compliance.
Reporting to: Vice President, Finance
Key Responsibilities:
Revenue Recognition
- Ensure accurate and timely recognition of management fees, carried interest, and other fund-related revenues in accordance with applicable accounting standards (e.g., ASC 606, ASC 820).
- Prepare and review revenue entries and reconciliations across multiple corporate entities.
- Manage the month-end close process from a revenue team perspective.
Operational Processing and Fund Onboarding
- Ensure accurate set up of clients and funds on billing systems.
- Manage the fee billing cycle to optimize the firms cashflow position.
- Oversight of expense recovery from Pantheon funds and clients in a timely manner.
- Manage rebate processing and payment to clients per side letter terms.
- Manage the quarterly carry calculations for clients with separate accounts.
- Liaise with fund administrators to streamline the quarterly management fee cycles
- Review draft management fee and rebate agreements for potential clients to ensure the sections are drafted correctly and calculations are feasible.
- Review and sign off fee term sheets prepared by the Client Onboarding team.
Financial Analysis & reporting
- Assist in preparing revenue forecasts and contribute to fund budgeting and strategic planning.
- Support investor relations with revenue-related data and insights.
- Support the Client Offboarding team with fee projections for fund term extensions.
Compliance & Audit Support
- Maintain strong internal controls over revenue processes.
- Support SOX and external audits, including preparation of audit schedules and documentation
- Ensure compliance with fund agreements, regulatory requirements, and internal policies.
Process Improvement & Systems
- Identify opportunities to streamline revenue tracking and reporting processes.
- Support implementation and optimization of financial management systems (Workday).
- Identify and support implementation of a revenue calculation / billing system.
Knowledge & Experience Required:
- Degree in Accounting, Finance, or related field; CPA or progress toward CPA preferred.
- 5-10 years of experience in revenue accounting, preferably within private equity, asset management, or financial services.
- Strong understanding of private equity fund structures, fee arrangements, and revenue recognition standards.
- Proficiency in fund accounting systems and advanced Excel skills.
- Excellent analytical, organizational, and communication skills.
- Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
- High level of professionalism, confidentiality, discretion and judgement
Expected base salary range: $150,000 - $160,000
Actual base salary is determined by a range of factors including individual experience, skills and qualifications.
In addition to the above salary, Pantheon offers a generous employee benefits package and successful candidates are eligible to receive a discretionary bonus.
This job description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job-related duties as reasonably requested by your manager.
Pantheon is an Equal Opportunities employer, we are committed to building a diverse and inclusive workforce so if you're excited about this role but your past experience doesn't perfectly align we'd still encourage you to apply.
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