Waterfall Analyst
Waterfall Analyst
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1 Vacancy
Job Description
About Citco:
The market leader. The premier provider. The best in the business. At Citco weve 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 well 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 the Team & Business Line:
Seeking a Waterfall Specialist to join the PE/RE Waterfall and Onboarding Team. This specialized team of professionals are subject matter experts on all aspects of distribution waterfall calculations supporting Citcos global fund accounting teams across multiple offices and lines of business.
This is a client facing role that requires the ability to synthesize complex and bespoke legal agreements into standardized calculation models as well as communicate the results and calculation methodologies behind those models in an efficient and precise manner. The Waterfall Specialist will be responsible for the on-boarding of new and existing clients to Citco Waterfall Citcos proprietary waterfall calculation engine and supporting the application as enhancements and development are required. Additionally the Waterfall Specialist will serve as a primary point of contact for Citcos global client base in regard to industry standards best practices and carried interest calculation methodologies.
The Waterfall Specialist will demonstrate leadership skills in coaching motivating team members and dealing with clients and counterparts in other groups. The successful person will be expected to learn and develop expertise in all aspects of the waterfall and on-boarding process system configuration and fund accounting as well as participate in firm-wide initiatives and thought leadership
Responsibilities
Your Role:
- Read and understand Limited Partnership and side-letter agreements specifically the distribution waterfall provisions contained therein
- Function as a Subject Matter Expert in relation to all aspects of distribution waterfall calculations across multiple investment strategies and structures
- Fully document the calculation requirements associated with a funds distribution waterfall calculations inclusive of specific Limited Partner provisions to support the on-boarding of funds to Citcos waterfall calculation models
- On-board funds to Citco Waterfall Citcos proprietary calculation engine (inclusive of on-boarding waterfall structures calculation methodologies Limited Partner waterfall terms and mapping to source-system accounting data.)
- Where necessary complete the analysis design setup & testing of build Excel-based calculation models based on the relevant fund documentation and source-system accounting data
- Support Citcos global Fund Accounting teams in relation to hypothetical and realized waterfall calculations as well as audit support and ad-hoc requests
- Work with Citcos dedicated development staff to provide business requirements and support in relation to modifications and enhancements to Citco Waterfall
- Where necessary participate in the Business Development process to facilitate demos of Citcos waterfall technology as well as establishing Citcos expertise in relation to waterfall calculations
- Coordinate with all relevant teams to ensure internal workflows will meet client needs and regulatory controls.
- Coordinate with both internal and external stakeholders to ensure all necessary data is captured and migrated for client reporting and calculation models.
- Contribute to on-going discussions on operational process and best practices; document and implement process improvements.
- Maintain a pro-active customer focus at all times.
Qualifications
About You:
- 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 waterfall calculations
- Project management skills with attention to detail and proven ability to multi-task
- Bachelors degree in Accounting Finance or Economics
- Strong written and verbal communication skills
- Working knowledge of Excel and Word essential experienced user of the SunGard Investran PE accounting platform highly desirable.
Your Benefits:
Salary Range: USD $64000 to USD $86000
Your well-being is of paramount importance and central to our success here at Citco. Citcooffers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role experience skillset market conditions etc. Furthermore qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical dental and vision coverage short and long-term disability benefits a retirement savings plan tuition reimbursement mental health and wellness support parental leave and more. Additional details about our total rewards package will be shared during the hiring process.
At Citco we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength fostering innovation mutual respect and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you please let your recruiter know.
As an equal opportunity employer Citco adheres to making all employment and personnel decisions without discriminating based on race color creed religion sex physical disability mental disability age marital status sexual orientation citizenship status national or ethnic origin or any other protected status.We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.
Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.
Required Experience:
IC
Employment Type
Full-Time
