Fund Accounting Manager, Private Equity

Company Description

About MUFG Investor Services:

MUFG Investor Services is a trusted partner to many of the world’s largest public and private funds, providing asset servicing and operational solutions built for alternatives. With over $1 trillion in client assets under administration, we offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, business consulting, and more. Operating from 17 locations worldwide, we help clients mitigate risk, enhance efficiency, and navigate the operational complexities of today’s investment management landscape. As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions with approximately $3 trillion in assets, we combine deep expertise with the strength and stability of a leading financial institution. To learn more, visit us at .

Job Description

Report to the Director, Nexus, Client Delivery, a list of your responsibilities will include:

• Providing full-range fund accounting and administration services to private equity clients, including NAV preparation and review, custody servicing, investor record-keeping, and reporting.
• Managing a team of Fund Accountants in performing accounting and administration service delivery to customers and training staff on all aspects of the NAV process.
• Working with banks, auditors, brokers, and custodians to ensure smooth service delivery to customers and completion of NAV.
• Reviewing and approving fee schedules, including calculation of management and carried interest, ensuring all calculations follow applicable fund documents.
• Reviewing and approving investor allocations for each NAV cycle, waterfall calculation, and reviews, custody trading documents, subscription and process capital calls, and distributions wires, ensuring execution as instructed by clients and deadlines are met.
• Working with both the internal AML team and administrators to ensure all AML requirements are met.
• Responding to all client queries.
• Reviewing and signing any schedules, reports, and files for review, ensuring they are completed in compliance with organizational controls.
• Allocating resources to ensure that all work is carried out and Service Level Agreement is met.
• Approving payment of fund expenses in applicable banking systems, ensuring controls are followed.
• Helping with the preparation and review of audited financial statements and annual audits.
• Reviewing reporting for regulatory authorities.
• Establishing fund or client-specific procedures covering all aspects of our services, ensuring cross-training and cover in place for all services provided to clients.
• Helping with the growth of the local office.
• Creating ideas for improving the NAV process, technological improvements, and client reporting.
• Participating in multiple system initiatives and projects.

Qualifications

• Post-secondary education/University Degree with a concentration in finance or accounting.
• At least 5 years' experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
• Experience with the fund administration business and the drivers of profitability and success.
• High proficiency with Microsoft Excel is an essential requirement for this role.
• In-depth understanding of fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
• Have a client-centric mentality to provide an excellent client service
• Willing to embrace new technologies to identify new solutions and inefficient processes.
• Experience with team dynamics including engagement, moral, performance management
• Creativity in exploring solutions to improve daily operational efficiency
• Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficial
• Completion or interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW, CFA (or equivalent)) an asset

Additional Information

What’s in it for you to join MUFG Investor Services?

Take a look at our careers site and you’ll find everything you’d expect working with one of the fastest-growing businesses at one of the world’s largest financial groups. Now take another look. Because it’s how we defy expectations that really defines us. You’ll feel that difference in all kinds of ways. Our vibrant CULTURE. Connected team. Love of innovation, laser client focus.

So, why settle for the ordinary? Apply now for your next Brilliantly Different opportunity.

We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted.

This role is being hired to fill an existing vacancy.

We are committed to using Artificial Intelligence (AI) tools responsibly and being transparent about what we do to build trust and confidence. At MUFG Investor Services, we use AI tools to support our recruitment process by helping us understand how well candidates’ applications align with the requirements of the role.

All AI recommendations are reviewed by our recruitment team before any decisions are made.

More information on our use of AI tools is available in our Privacy Notice available to you as part of your application.

MUFG is an equal opportunity employer.