University degree in Accounting, Finance, Economics, or a professional accounting designation (CFA, CGA, CMA, CA, CPA)
4+ years of fund accounting experience in Private Equity or related financial institutions
Experience in reviewing and preparing general ledgers and financial statements
Strong leadership and supervisory skills
Project management skills with attention to detail
Sound judgment and analytical problem-solving abilities
Strong written and verbal communication skills
Proficient in Microsoft Office, especially Excel and Word; experience with FIS Investran PE accounting platform is a plus
Responsibilities
Oversee and prepare Net Asset Value calculations for Private Equity Funds
Review fund-specific expenses and ensure accuracy
Review accounting work and client deliverables prepared by staff
Ensure compliance with internal policies and regulatory requirements
Maintain high standards of quality and meet client SLAs
Act as primary contact with clients and fund participants
Coordinate and manage external audit processes
Provide technical accounting knowledge to clients as needed
Supervise daily activities of team members and provide mentorship
Foster a problem-solving culture within the team
Implement efficiency initiatives and generate ad hoc reports
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
Opportunities for professional development and career growth
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:
Oversee and/or prepare 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
Review private equity funds' partnership agreements, PPMs and other materials
Ensure compliance with internal policies/procedures/best practices, external standards, and regulatory requirements
Maintain high standards of quality and accuracy in all work performed by the team and ensure all client SLAs are met
Coordinate with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally
Act as a primary day-to-day contact with Clients and other fund participants
Coordinate, manage and monitor external audit processes
Demonstrate understanding of Private Equity Fund types and mechanics and provide technical accounting/industry knowledge to clients as needed
Participant in client integration (including new client onboarding and conversions)
Supervise and coordinate the daily activities of team members
Provide guidance, support, and mentorship to staff
Act as a liaison between team members and upper management
Foster a 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 of fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained financial products knowledge
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
Sound judgement, problem solving and analytical skills
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: CAD $85,000-$103,000
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.
