Vice President, Fund Accounting - Private Equity

Citco   •  

Toronto, ON

Industry: Financial Services


8 - 10 years

Posted 342 days ago

About Citco
Since the 1940s Citco has provided specialist financial services to alternative investment funds, investors, and multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service.

Our continuous investment in learning means our people are among the best in the industry. Our focused investment in technology means our systems, processes and solutions are innovative, first-to-market and give us a leading edge. And our corporate social responsibility programs provide meaningful and fulfilling work in the community.

A career at Citco isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.

About the Role

The ideal candidate will have hands-on, Private Equity specific accounting expertise and have demonstrated capabilities in managing the administrative function of multiple private equity funds. The role will support Directors in the Private Equity and Real Estate Fund Services line of business who are responsible for the oversight of the client relationship.


Job Duties:

  • Maintain and control the general ledger and various sub-ledgers

  • Prepare and review financial statements, footnotes and partner capital statements

  • Prepare and review limited partner and general partner allocations

  • Prepare and review trial balances and work paper product

  • Review capital activity that pertains to the funds including capital calls, distributions, rebalances and transfers

  • Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations

  • Manage and monitor the timing and quality of client deliverables

  • Overall responsibility for client relationships and meetings; Interact with senior management and manage overall relationships for multiple clients; Provide technical accounting/industry knowledge to clients; Preparation of client service plans including annual budget; Establish plan for new client setup and transitions

  • Coordinate with Operations group, Financial Statement group, Tax group, and Investor Relations group

  • Coordinate, manage and monitor external audit process

  • Review private equity fund client’s partnership agreements, PPM’s and other materials

  • Implementation of fund structures on accounting system

  • Coach, develop, train staff and continue to build out our infrastructure

  • Ad hoc reports as needed

  • Review trading and operations processes for the Company’s private equity division Spearhead


About You


  • 8+ year’s public/Private Equity accounting experience

  • Experience in managing and marketing a new business unit

  • Skills in negotiation, business planning and budgeting, margin analysis, rating agency relations and technical accounting

  • Strong knowledge of waterfall structures, modeling and calculations

  • Familiarity with Investran

  • A highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses

  • Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting

  • Experience in reviewing and preparing general ledgers and financial statements

  • Strong leadership skills and supervisory experience of other professionals

  • Project management skills with attention to detail and proven ability to multi-task

  • Strong written and verbal communication skills

  • Advanced computer skills (Microsoft Excel)

  • Bachelor’s Degree in Accounting, Finance, or Economics

  • CPA designation a plus


What We Offer:

  • A challenging and rewarding role in an award-winning global business

  • Exposure to industry trends and players

  • Opportunities for personal and professional career development both locally & globally

  • Great working environment, a calendar of social events for an engaging office community, competitive salary and benefits, and opportunities for educational support

  • Be part of an industry leading global team, renowned for excellence