Manager, Fund Accounting - Private Assets
Manager, Fund Accounting - Private Assets
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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.
For more information about Citco please visit
About the Team & Business Line:
Fund Administration is Citcos core business and our alternative asset and accounting service is one of the industrys 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 industrys 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
- Overseeperiodical 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 withClient 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 aUniversity 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 (EspeciallyExcel and Word) experienced user of the FIS Investran PE accounting platform highly desirable
Salary Range: USD $120000 to USD $169000
Our Benefits
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:
Manager
Employment Type
Full-Time
