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Carried Interest Specialist_London based (119428)

Employer
Pictet Asset Management
Location
Borough, South East London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Your team

Corporate Functions includes the Group's non-banking activities and employs more than 600 people. These functions are carried out by specialists with expertise across all business units, and include the Communications, Compliance, Finance, Human Resources, Information Security, Internal Audit, Legal, Organisation & Digital, Risk and Tax departments.

Reporting to the Global Head of Rewards, within the HR Department, you will be in charge of designing, setting up and administering our carried interest plans, thus playing a crucial role in incentivising performance across our alternative assets funds. This role offers a high level of autonomy as well as direct exposure to our investment teams and to the firm's senior leadership.

Your role

You will be contributing to the design of carried interest and similar plans and be responsible for implementing and administering these plans. You will also be tasked with coordinating and administering existing plans (including managing onboarding and termination processes). In this role, you will also be asked to provide regular updates to senior management on carry valuations and projected cash flows. You will be responsible for:
  • Designing and developing carried interest and similar plans, taking into account the tax and legal constraints of the different countries in which we operate (with a focus on Europe, Switzerland and the United Kingdom).
  • Establishing a coherent approach across the Group regarding core principles and rules, e.g. sharing ratios, vesting schedules, leaver provisions, etc.
  • Managing ongoing carried interest and similar plans across various strategies (direct and multi- manager, private equity, private debt and private real estate).
  • Providing support and documentation to existing staff, new joiners, candidates and leavers.
  • Monitoring market trends and regulatory, tax and legal developments that may impact the design and set-up of our carried interest and similar plans.
  • Working closely with the investment teams, HR, Finance, Legal and Operations to implement up-to-date processes and provide relevant information across the company.
  • Managing the investment teams' commitments into their funds and the implementation of any change in fund allocation in the course of the funds' lives.
  • Designing and managing legal and operational distribution waterfalls within our private asset products and solutions.
  • Maintaining an information depository and providing ad hoc project support as required.

The role will be based in Geneva or in London. There is no direct report attached to this function.

Your profile
  • University degree in Finance or Accounting; a tax/law background would be a plus.
  • At least five years' experience in a similar role in a private asset boutique; Big 4 experience would be an asset.
  • Experience in designing, structuring and implementing private asset distribution waterfalls as well as carried interest and performance fee plans within a global fund.
  • In-depth understanding of fund structures and performance calculation of private assets funds (private equity, real estate, private debt), in particular structuring and implementing distribution waterfalls
  • Experience of working directly with investment or fund-structuring teams, with in-house exposure to finance, operations, compensation or accounting teams.
  • A problem-solving mindset with the ability to prioritise and oversee several tasks at once.
  • A self-starter able to work with a high level of autonomy across a global team.
  • Written and oral fluency in English; French would be a plus.
  • Based in Geneva or London, or willing to relocate.

Note

Start date: to be discussed.

Reference: CIS/ CB/ EP

We will not accept any CVs via agencies.

Diversity & Inclusion

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.

Flexible and modern ways of working

As a responsible and supportive employer, we promote the well-being of our employees through a set of flexible working arrangements, ranging from a work-from-home policy for eligible functions to opportunities for annualised part-time leave and extended parental leave.

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