The Role & Key Responsibilities: The Manager, Private Equity will work as part of a team-servicing clients, will have direct communication, and will work towards becoming an extension to the client's finance organization.
Fund and Investor Accounting:
- Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
- Review fund reimbursable expenses;
- Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices;
- Prepare fund financial statements with footnotes and supporting schedules;
- Prepare partner allocations and capital account statements;
- Understand/review of LPAs, purchase/sales agreement, side letters, etc.;
- Coordinate and support the audit for both SSAE 16 audit and fund audit;
- Support the tax team with information to prepare tax compliance/reports;
- Assist with other regulatory reporting;
- Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).
Cash forecasting and budgeting:
- Responsible for bank and brokerage reconciliations;
- Assist with Ad hoc financial analysis for client;
- Assist with credit facility drawdowns for the fund;
- Coordinate with investor services team.
Portfolio Accounting:
- Track portfolio company transactions (purchases, income, liquidity);
- Understand complex investment structures (hold co's blockers, tax withholding, etc.);
- Calculate investment IRR;
- Accounting for holding companies and blocker entities.
Skills Required:- Bachelor's degree in Accounting/Finance required
- 8-11 years of professional experience (A mix of private and audit preferred);
- Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience);
- CPA Preferred;
- Strong Fund and Partner accounting knowledge;
- Credit funds exposure;
- Portfolio accounting, complex investment structures preferred;
- Supervisory experience;
- Strong written and verbal communication skills;
- Highly motivated with ability to multitask.
Special Skills:
- Experience in fund accounting with a focus on private equity experience;
- Knowledge with LPA or other governing documents;
- Experience with waterfall calculations;
- Basic knowledge of Level 3 valuation methodologies;
- Experience with audit process, including internal control and test of details;
- Knowledge of US GAAP with an emphasis on investment partnerships.
Our Services Focus On:
- Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients;
- Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence;
- Administration of Private Equity structures - Delivering a responsive, client focused administration service.
We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have four (4) days in office requirement.
Salary ranges from CAD $130,000.00 - CAD $145,000.00 plus additional discretionary yearly bonus based on corporate and individual's performance. Compensation within this range is dependent on individual's skills, experience and qualifications.
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Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.
