Waterfall Ancillary Services Manager

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. 

For more information about Citco, please visit www.citco.com 

About the Team & Business Line: 

Seeking a Waterfall Specialist to join the PE/RE Waterfall and Onboarding Team. This specialized team of professionals are subject matter experts on all aspects of distribution waterfall calculations, supporting Citco’s global fund accounting teams across multiple offices and lines of business.

This is a client facing role that requires the ability to synthesize complex and bespoke legal agreements into standardized calculation models, as well as communicate the results and calculation methodologies behind those models in an efficient and precise manner. The Waterfall Specialist will be responsible for the onboarding of new and existing clients to Citco Waterfall, Citco’s proprietary waterfall calculation engine, and supporting the application as enhancements and development are required. Additionally, the Waterfall Specialist will serve as a primary point of contact for Citco’s global client base in regard to industry standards, best practices, and carried interest calculation methodologies.

The Waterfall Specialist will demonstrate leadership skills in coaching, motivating team members and dealing with clients and counterparts in other groups.  The successful person will be expected to learn and develop expertise in all aspects of the waterfall and on-boarding process, system configuration, and fund accounting, as well as participate in firm-wide initiatives and thought leadership. 

Your Role: 

• Read and understand Limited Partnership and side-letter agreements, specifically the distribution waterfall provisions contained therein

• Function as a Subject Matter Expert in relation to all aspects of distribution waterfall calculations across multiple investment strategies and structures

• Fully document the calculation requirements associated with a fund’s distribution waterfall calculations, inclusive of specific Limited Partner provisions, to support the on-boarding of funds to Citco’s waterfall calculation models 

• On-board funds to Citco Waterfall, Citco’s proprietary calculation engine (inclusive of on-boarding waterfall structures, calculation methodologies, Limited Partner waterfall terms, and mapping to source-system accounting data.)