skillventory - A Leading Talent Research Firm

Vice President, Private Assets Advisor – Oversight and Commercial Negotiations

skillventory - A Leading Talent Research Firm

full-time

Posted on:

Location Type: Hybrid

Location: Boston • Colorado • Massachusetts • United States

Visit company website

Explore more

✨ AI Apply
Apply

Salary

💰 $125,000 - $258,000 per year

Job Level

Lead

About the role

  • Lead Private Assets Advisor Oversight : Evolve the current Private Markets operational due diligence program to effectively identify, mitigate and report risks related to third-party manager engagements across asset classes and product structures
  • Provide recommendations to governance committees
  • Lead initial Operational Due Diligence with potential investment advisors to evaluate their control environments and perform a thorough operational risk assessment of the firm and products under consideration
  • Conduct On-going Oversight activities to identify any material risks across the investment advisors and products, which include, but not limited to, preparing manager scorecards and managing ad hoc events
  • Preparation of Reports and presentations to senior management and oversight boards, including recommended actions
  • Facilitate Operational Implementation of between third-party managers and internal Fidelity teams
  • Lead Commercial Negotiations : Act as the firm's lead negotiator for complex sub-advisory and third-party agreements, including management fees, performance fees, fee tiers, expenses, and Most Favored Nation (MFN) clauses
  • Develop Negotiation Strategy: Create and manage a firm-wide "negotiation playbook" to ensure a consistent, best-practice approach to all commercial arrangements
  • Cross-Functional Collaboration: Partner with investment teams during the final stages of manager selection to advise on commercial feasibility
  • Work lock-step with Legal, Tax, Compliance, and Operations to ensure all aspects of an agreement are sound
  • Contract Lifecycle Management: Lead the re-negotiation of existing agreements as needed
  • Proactively track and enforce MFN clauses to ensure the firm consistently receives best-in-market pricing
  • Market Intelligence: Serve as the firm's subject matter expert on market trends for fees and terms, leveraging internal data and external resources (e.g., Preqin, Genysis, etc.)
  • Financial Analysis: Build financial models to analyze the economic impact of various fee structures and term proposals on product profitability

Requirements

  • 10+ years of experience in the asset management industry
  • Understanding of private markets products operating models and governance structures
  • Operational Due Diligence experience at a bank, asset allocator, fund of funds, or other investment platform is preferred
  • Knowledge of regulatory environments, including the 1940 Act, preferred
  • Direct, hands-on experience negotiating complex contracts, including sub-advisory agreements across various product structure within the private markets space
  • Deep understanding of alternative asset fee and expense structures, including management/performance fee mechanics, tiers, and MFNs
  • Proven ability to lead and influence cross-functional teams, including senior leaders in product, legal, compliance, finance
  • Strong financial modeling and analytical skills
  • Excellent written and verbal communication skills, with the ability to distill complex issues into clear, actionable recommendations
  • Law degree (JD) or MBA is a strong plus
Benefits
  • comprehensive health care coverage and emotional well-being support
  • market-leading retirement
  • generous paid time off and parental leave
  • charitable giving employee match program
  • educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
operational due diligencefinancial modelingrisk assessmentcontract negotiationfee structure analysismarket intelligencecommercial feasibility analysisperformance fee mechanicsmanagement fee structuresMFN clauses
Soft Skills
leadershipcross-functional collaborationcommunicationinfluenceanalytical skillsproblem-solvingpresentation skillsrecommendation developmentstrategic thinkingnegotiation strategy
Certifications
JDMBA