A private equity officer manages a company's equity operations, including liquidity, transfers, and trade booking. He or she ensures that the company's financial goals are being met with their current activities, and that the spending and/or credit limits are not exceeded. Private equity officer jobs are mostly found in banks and other financial institutions, and usually involve full-time work. Private equity officers work closely with other professionals, such as advisers, consultants and controllers. Most of the work is done in the office, so there aren't as many travel opportunities as other financial services jobs.
The average pay for private equity officer jobs is $97,000 per year, although this can go up to $140,000 or more depending on your experience and the type of company you are in. Large, established companies may offer higher starting pay, or a better benefits package.
Job description
Private equity officers often perform several tasks simultaneously, as is the case with most office-based financial services jobs. This is especially true when working for large companies, where you will be assisting several advisers. Some of the things to expect on the job include:
- Reviewing and implementing an equity plan that addresses current issues, and proposing amendments if needed
- Supporting various committees and projects on a financial level, and providing regular updates to the management
- Conducting research and data-gathering projects to assist professionals, and writing up relevant reports and summaries
- Maintaining (and sometimes initiating) contact with key clients to make sure all their needs are promptly addressed
- Responding to client requests, creating call and inquiry logs, and making follow-ups to ensure timely response
- Providing administrative and secretarial services to one or more advisers, usually by handling paperwork and documentation
Qualifications
This position usually requires a bachelor's degree. Majors such as business, finance, economics, and accounting are preferred, although MBAs or further education are mostly optional. However, they will give you a definite advantage especially when you're up for promotion. Experience is also helpful for entry; one year is the minimum requirement for most positions.
