Description
We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.
Job Summary
Reporting to the Director, Private Equity Business Management, this position is responsible for owning the accuracy, timeliness, and clarity of investor and internal leadership reporting for Thrivent’s private equity and co-investment portfolio. The incumbent serves as the single point of accountability for translating fund-level, deal-level, and market data into reliable, decision-ready reporting for the CIO, Head of General Account, external investors, and other stakeholders. They also ensure reporting is reconciled, quality controlled, and supported by clear performance narratives and analytics.
Job Responsibilities and Duties
Functional Responsibilities
- Investor reporting: Prepare and validate periodic reporting to limited partners, co-investors, and other external stakeholders, ensuring figures reconcile to fund administrator, custodian, and internal books and records before distribution.
- Reporting governance: Own the investor reporting calendar and quality-control checklist; ensure each report has a documented reconciliation and second-reviewer sign-off before release.
- Stakeholder support: Serve as the primary point of contact for investor reporting questions and coordinate responses with fund administration, legal, compliance, and other partners as needed.
- Executive reporting: Prepare the quarterly private equity and co-investment portfolio package for the CIO and Head of General Account, including performance, exposure, pacing, cash flows, and material portfolio developments.
- Executive narrative: Translate raw fund and deal data into a clear, decision-ready narrative, flagging outliers, valuation changes, and covenant or governance issues.
- Exit portfolio reporting: Compile realized investment reporting that includes proceeds, hold period, gross and net multiples, IRR, and comparison with the underwriting case for each exit.
- Exit analysis standards: Standardize exit write-ups to support comparison across vintages and sponsors, partnering with deal teams to capture the qualitative exit narrative.
- Performance reporting and analytics: Produce recurring performance reporting across the private equity and co-investment portfolio and maintain the supporting performance data infrastructure.
- Benchmarking: Benchmark portfolio performance against relevant public and private market indices and peer data.
- Compliance support: Complete OFAC clearance requirements accurately and within established timelines.
Leadership Competencies
- Contribute to a high-performing team, supporting a culture of shared accountability, operational excellence, and partnership across the organization.
- Meet your performance objectives while acting consistent with Thrivent’s leadership competencies – Model the Way, Rally the Team, and Deliver Outcomes.
- Support an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Support a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.
Job Qualifications
Required:
- Bachelor’s degree in in finance, accounting, economics, business or a related field, or equivalent relevant experience.
- Four to five years of experience in private equity, accounting, fund finance, fund administration, or portfolio reporting.
- Fluency in private equity performance metrics, including IRR, MOIC, TVPI, and DPI, and an understanding of how they are constructed from underlying cash flows and valuations.
- Advanced Excel and financial modeling skills.
- Demonstrated ability to produce polished, executive-level reporting under recurring deadlines with minimal rework.
- Strong attention to detail, reconciliation discipline, analytical judgment, and written and verbal communication skills.
Preferred:
- Experience with a portfolio monitoring or customer relationship management platform.
- Experience supporting private equity or co-investment investor reporting and executive portfolio reviews.
Additional Information
- This position requires you to work on-site full-time in Minneapolis, MN five days a week.
Pay Transparency
Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.
Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to [email protected] or call 800-847-4836 and request Human Resources.