Manager, Fund Accounting - Private Assets

JOB DESCRIPTION The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About Citco The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

For more information about Citco, please visit www.citco.com

About The Team & Business Line Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Private Assets team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Responsibilities

Lead and manage the team to archive departmental and organizational goals

Implement strategic plans to archive business objectives

Ensure efficient and effective day-to-day operations

Oversee periodical Net Asset Value calculations for the Private Equity Funds, including Financial Statement preparation, trial balance review and Partner/Shareholder Allocation calculations.

Review the calculation of fund specific expenses, including admin fees, management fees, carried interest and other applicable fees

Review accounting work, capital events, other client deliverables, investor statements and reporting prepared by staff

Ensure documentation is compliant with internal and external/regulatory standards

Review private equity funds’ partnership agreements, PPMs and other materials

Ensure compliance with internal policies/procedures/best practices, external standards, and regulatory requirements

Implement and monitor quality control procedures

Maintain high standards of quality and accuracy in all aspects of operations and ensure all client SLAs are met

Liaise with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally

Act as a liaison with Clients on matters relating to Fund Accounting services

Ensure timely and accurate responses to client queries

Act as a liaison with external parties

Coordinate, manage and monitor external audit processes

Provide technical accounting/industry knowledge to clients as needed

Work closely with Client Integration team (including new client onboarding and conversions)

Manage and coordinate the activities of team members

Provide direction, support, and mentorship to team members

Conduct regular meetings to communicate objectives, updates and expectations

Evaluate team performance, providing timely feedback and conducting performance reviews

Identify skill gaps and training needs within the team. Organize and facilitate training programs to enhance team capabilities

Act as a liaison between the team members and senior management

Encourage a proactive problem-solving culture within the team

Implementation of efficiency initiatives in a timely manner

Generate ad hoc reports as required

Qualifications

You have a University degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA).

4+ years’ experience in managing a team of Fund Accountants, Senior Fund Accountants and Supervisors

3 - 5 years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator or other financial institution where the accountant has gained financial products knowledge

Knowledge of US/Canadian GAAP and other comprehensive basis of accounting

Experience in reviewing and preparing general ledgers and financial statements

Proven experience in managerial role

Strong leadership, organizational, and time-management skills

Strong project management skills with attention to detail and proven ability to multi-task

Strong written and verbal communication skills

Proficient in Microsoft Office (Especially Excel and Word), experienced user of the FIS Investran PE accounting platform highly desirable

Salary Range $111,000-$133,000 CAD

This position is for an existing vacancy

Our Benefits Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

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