PE Job Description Question
Monkeys,
Could you please review the following PE job description and tell me if this looks like quality experience? I am asking because it appears they are also looking for the analyst to perform administration and accounting duties. Is this normal?
Thanks in advance,
POSITION DESCRIPTION:
Analysts are responsible for portfolio monitoring, accounting, administration, general industry
research and reviewing and evaluating potential investment opportunities. If applicable, Analysts
will also have the opportunity to work with our portfolio companies on various projects. If a
transaction is in process, analysts will be also responsible for helping with due diligence, reviewing
legal documents and managing the banking documentation. The analyst will also be responsible
for aiding in the preparation of the firms investor reporting and internal accounting. Other
requirements include a willingness to help with other administrative duties to support the fund
operations.
Sounds sketchy. May not be a big organisation and therefore does not have good support/infrastructure to take care of these back office functions. I would proceed cautiously and really try to suss out what your exposure to transactions/investment decision-making is likely to be, perhaps by speaking to another analyst working there. Very unusual for any type of investment analyst being paid 6-figures to be asked to do any accounting/administrative work and not fully utilised.
It is a smaller organization; the criteria for investments are >$10M revenues and EBITDA in excess of $2M. I am considering this job opportunity with an analyst roll at a boutique bank. Given that I am currently in Big 4 audit, CA/CFA II candidate, do you think this opportunity would be better than a boutique bank? My ultimate goal is to go to a top 10 MBA or an established PE firm.
How firm are these opportunities relative to one another. i.e. how far have you progressed in your discussions in respect to both these roles?
If the boutique bank is a place like Lazard, Greenhill or Rothschild or the like I would definitely consider that over the PE role that you described, based upon the facts as stated above. Its just too much of an unknown quantity at the moment.
However, you may discover during your DD of that opportunity that it may be quite attractive and you will have great deal exposure and involvement in the investment decision-making process. It wouldn't hurt for you to find out.
Have you ever thought about transitioning into Big 4 corporate finance (M&A, valuations etc)? They are generally quite well regarded. A previous boss of mine worked at Deloitte in M&A before lateralling over to UBS M&A. He is now working on the buy-side for a fund manager.
I am also considering our M&A group, however I believe the boutique to be a better option after reviewing their transaction experience. The firm is similar to Sequeira, Cap West ect. a large Western Canadian boutique but not large by American standards. I will find out more regarding the PE opportunity and post an update soon.
bump
I am not sure what sounds fishy to you. This sounds like a pretty standard description for an entry level PE role (or more generally, any entry level role in finance). Any entry level role is going to have its share of admin/"busy" work.
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