University degree in Accounting, Finance, Economics, or a professional accounting designation (CFA, CGA, CMA, CA, CPA)
4+ years of experience managing a team of Fund Accountants
3-5 years of fund accounting experience in Private Equity or related financial institutions
Knowledge of US/Canadian GAAP and other accounting standards
Experience in reviewing and preparing general ledgers and financial statements
Proven managerial experience with strong leadership skills
Proficient in Microsoft Office, especially Excel and Word; experience with FIS Investran PE accounting platform is a plus
Responsibilities
Lead and manage the team to achieve departmental and organizational goals
Implement strategic plans to meet business objectives
Ensure efficient day-to-day operations
Oversee Net Asset Value calculations and financial statement preparation for Private Equity Funds
Review fund-specific expenses and accounting work prepared by staff
Ensure compliance with internal and external standards
Act as a liaison with clients and external parties regarding Fund Accounting services
Benefits
Comprehensive range of benefits and training support
Flexible working arrangements
Focus on employee well-being and work-life balance
Commitment to diversity and inclusive culture
Full Job Description
Job Description
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
Your Role:
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
About You:
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.
#INDCIT
About Citco
Citco is a financial services company that provides fund administration, custody, and banking services to institutional investors and alternative investment managers. The company was founded in 1948 and is headquartered in the British Virgin Islands. Citco has a global presence with offices in over 40 countries. The company's mission is to provide innovative and reliable financial solutions to its clients.
