Description

Fund Operations Manager - Fully remote - US client 

The Role

We are hiring a Fund Operations Manager based in South Africa  to act as the single operational owner

of the platform's roll-up activity, starting with placement agencies and extending to adjacent

alternative-asset businesses we acquire over time. You will own everything that happens between a

deal closing and cash hitting the right account. This is a solo, high-leverage hire: you will not be one of

fifty people in a back-office team. You will be the back office, the middle office, and the integration lead,

with full visibility into the platform's economics and the autonomy to design the systems that run it. You

will also be the central coordinator who pulls in the right specialists — U.S. compliance counsel, tax,

audit, local counsel in each jurisdiction we touch — and figures out, on your own, who needs to be in

the room for any given problem.

This role is right for someone who has spent 3–6 years inside a fund administrator, asset manager, or

audit practice, who is tired of being a small cog, and who wants to own a function end-to-end inside a

platform being built from scratch.

What You'll Own

Commission and fee waterfall management

Calculate, reconcile, and process placement fees, retainers, success fees, trail commissions, and

rebate splits across multiple acquired books with heterogeneous contract terms.

Build and maintain the master fee ledger linking each LP commitment to the underlying sponsor

mandate, placement contract, and revenue share entitlement.

Run monthly and quarterly fee accrual cycles and prepare distribution schedules to sub-agents,

legacy partners, and earn-out recipients.

Roll-up integration and operations

Onboard each acquired business: migrate LP / investor records, sponsor or counterparty

mandates, executed contracts, and historical fee files into the Hyperion platform.

Maintain the consolidated system of record across CRM, contract repository, and accounting —

including data hygiene, document indexing, and audit trails.

Identify duplicate LP relationships, overlapping sponsor coverage, and contract conflicts arising

from the roll-up and surface them with recommended resolutions.

LP, sponsor, and counterparty operations

Manage LP onboarding workflows including KYC/AML, accredited investor verification,

subscription document execution, and wire instruction validation.

Coordinate with fund sponsors on subscription closes, side letter tracking, and capital call

mechanics that flow through Hyperion's placement role.

Serve as the operational point of contact for LPs and sponsors on statements, fee questions, and

documentation requests.

Finance and reporting

Own the monthly close for the platform: revenue recognition by mandate, cash reconciliation,

accrued vs. collected fee tracking, and intercompany flows across the rolled-up entities.

Build and maintain the management reporting pack: revenue by sponsor, by agent, by LP cohort,

by vintage; pipeline coverage; and earn-out true-ups.

Coordinate with U.S.

-based tax, audit, and legal advisors on year-end deliverables and

entity-level filings.

Compliance and infrastructure

Act as the central coordinator for regulatory housekeeping across jurisdictions

Design and document the operating playbook for the platform so the next business we acquire

can be onboarded in days, not months.

Identify and implement tooling — including AI and LLM-driven workflows — that automates

repetitive work (fee calcs, LP statements, sponsor reporting, contract review, reconciliations).

Who You Are

Required

3–6 years of post-qualification experience in a function that touches contract-driven economics —

fund administration, asset management operations, financial services audit (Big 4 FS practice),

fund finance / private capital ops, transactional or funds legal practice, or an in-house counsel /

company-secretarial role at a fund or fund manager.

A relevant degree from a recognized South African university (UCT, Stellenbosch, Wits, UJ, or

equivalent) — B.Com / B.Bus.Sci in Accounting, Finance, or Investment Management; LLB; or

another quantitative or commercial discipline. We care more about how you think than the letters

after your name.

Demonstrated comfort with fee waterfalls, revenue allocations, and contract-driven economics —

you can read a placement agreement or LPA and translate it into a fee model.

Advanced Excel; comfortable building reconciliations and management reports from first

principles.

Strong written English and the kind of communication discipline that lets a U.S.

-based principal

trust your numbers without re-checking them.

Willingness to overlap with U.S. East Coast and Pacific time zones during onboarding and during

close cycles.

Strongly preferred

A professional qualification in a relevant field — CA(SA), admitted attorney, CFA charterholder or

candidate, CIPM, or equivalent.

Direct experience with placement agents, fund-of-funds, private equity / private credit fund

administration, or capital introduction businesses.

Exposure to integration / migration work: onboarding a new fund, consolidating books after an

acquisition, or standing up a new ops function.

How you operate

You write things down. You document workflows, decisions, and exceptions without being asked.

You are precise about numbers and direct about issues. You raise problems early and propose a

fix when you do.

You are comfortable being the only person in your function. You are not waiting for a manager to

tell you what to do next.

You take ownership of outcomes, not tasks.

"That's not my area" is not a phrase you reach for.

You are AI-native. You reach for Claude, ChatGPT, or whatever the right model is for the task

before you reach for a junior to delegate to. You can describe a workflow precisely enough to get

a model to execute it, you know when to trust the output and when to check it, and you treat

building small AI-driven tools for yourself — fee parsers, contract summarizers, reconciliation

helpers — as part of the job, not a side project.

You know how to coordinate specialists you don't manage. When a problem touches U.S.

compliance, tax, audit, or local counsel in a jurisdiction you haven't worked in before, you figure

out who needs to weigh in, brief them properly, and drive the answer to a close — without waiting

for someone senior to assemble the cast.

Requirements

This role would suit  someone who thrives  in a flexible and  unstructured environment and can use AI very effectively.