*Email to inquire further/apply: sjd@cloverlay.com

Accounting & Operations Associate Job Description
Cloverlay is an independent asset management firm focused on delivering differentiated access to private
markets through a highly specialized and opportunistic investment approach. The firm partners with
institutional investors to navigate complex, capacity-constrained segments of the market, emphasizing
precision, flexibility, and deep domain expertise to unlock value in less efficient areas of private equity.
Cloverlay’s strategy is built around identifying and capitalizing on dislocations across private markets,
structuring investments that provide targeted, high-conviction exposure while maintaining a disciplined and
risk-aware framework. By combining rigorous underwriting with active portfolio construction and operational
excellence, Cloverlay seeks to generate compelling, less correlated returns and serve as a trusted partner to
sophisticated investors.
Role
Cloverlay is hiring an accounting and operations associate to lead innovation, create process improvement, and support the activities of the private equity program described above. The job title can be flexible depending on the background and experience of the candidate. This highly visible position will report directly to the Chief Financial Officer and interact on a routine basis with the VP of Investor Relations and other senior members of the team, as well as external parties including the fund administrator, auditor, tax advisor,
legal counsel, and consultants. The ideal candidate is an innovative thinker who brings a technology-forward mindset to financial operation. For an outstanding performer who exceeds expectations, this position offers substantial growth opportunities over time within an innovative and growing asset management firm.
Responsibilities and Duties
This role will serve an integral function in the Company’s operations and infrastructure, and will be
responsible for several tasks including:
- Actively identify smarter ways to work, automate processes where possible, and drive continuous
improvement across processes and systems
- Collaborate with fund administrator to ensure accurate books and records, including reconciliation of
monthly cash journals and workpapers for quarterly/annual financial statement packages
- Perform detailed review of investment and cash activity recorded in internal systems
- Reconcile and verify calculation of management and incentive fees in accordance with Fund
governance documents
- Review calculations of investor capital calls and distributions prepared by the fund administrator
- Review workpapers and deliverables for the annual K-1 and tax estimate processes
- Draft and review footnotes to the audited financial statements, review audit workpapers prepared by
the fund administrator, and lead the audit confirmations process
- Monitor cash and credit line balances; review weekly wire packages and line of credit draws
- Create dashboards and interactive visual reports using PowerBI
- Assist with preparing and reviewing data for investor requests and marketing materials
- Compile support for Form ADV and Form PF regulatory filings
- Ensure accounting duties are executed in accordance with documented processes and procedures
- Assist with special projects and Company initiatives
Education, Experience, Skills
- Bachelor’s Degree required, accounting, finance, economics or business management preferred
- Minimum of 5 years relevant experience with exposure to private equity fund operations
- Tax background is strongly desirable — experience with fund-level tax reporting, K-1 preparation, or
working closely with tax advisors on partnership structures is a significant differentiator
- Technology background or advanced technical skills are strongly desirable — experience building data
pipelines, automating reporting workflows, or developing tools that improve operational efficiency is
highly valued
- Hands on experience with data automation, workflow tools, or financial technology platforms a plus
- Innovative, solutions-oriented thinker with a demonstrated ability to identify, redesign, and lead the
implementation of improved processes
- Exceptionally detail oriented with proven ability to succeed in a deadline driven, fast-paced
environment
- Experience collaborating in a multi-disciplinary, diverse and dynamic team
- Ability to handle confidential and sensitive information with a high degree of professionalism
- Organized with strong time management skills
- Strong sense of ethics and integrity
Compensation
Total compensation is flexible and dependent upon the experience necessary to satisfy the requirements of
the position, but will include a base salary, bonus, and an excellent benefits package.
Location Greater Philadelphia area (Conshohocken, PA)
Apply to Samantha Duprez: sjd@cloverlay.com