Vice President- Private Credit

About Citco

Citco is a global leader in fund services corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration we deliver end-to-end solutions and exceptional service to meet our clients needs.

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 Equity 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.

Your Role:

• The Vice President PE is responsible for ensuring that private equity funds and private equity fund managers are provided with accurate and timely accounting addition the Vice President shall manage client relationships in line with the service level agreements Citco procedures and best practices applicable accounting standards while maintaining focus on training and development of staff as well as process improvements.
• Client Service
  • Overall responsibility for client relationships
  • Negotiate Service Level Agreements (SLA) with clients
  • Monitor service levels open action items prepare and present a quarterly Service Review pack
  • Identify any drift in scope of services and assess impact on overall profitability
  • Understand other Citco products and services and identify opportunities for Citco to meet client needs
  • Coordinate with internal stakeholders from various lines of business and support teams
  • Facilitate overview of Citco systems processes and sample reports for new clients
• Operations
  • Assist in the coordination of new business on-boarding and work closely with the onboarding team
  • Review fund launch documents and familiarize yourself with the Private Placement Memorandum Limited Partnership Agreement (LPA) and other key documents
  • Propose and implement fund structure setup on the system platform(s)
  • Calculate resource requirements and monitor variances between budget and actual
  • Oversee the preparation of monthly/quarterly reporting package and working papers
  • Oversee the preparation of capital calls distributions partner transfers and ensure they are in line with the LPA
  • Oversee the preparation of and review equalization workings carried interest and claw back calculations and ensure they are in line with the LPA
  • Oversee the partners allocations allocation rules and ensure they are in line with the LPA
  • Oversee the preparation and review the financial statements notes to financial statements and the partners capital account statements
  • Liaise with clients and assist them on accounting and administrative issues and relevant developments
  • Ensure adherence to relevant accounting standards
  • Coordinate manage and monitor external audit process
  • Perform regular client risk assessments create action plans and monitor progress
  • Authorize funds payments using various online banking platforms
  • Review monthly accruals billing and variance against budget
  • Perform regular review of existing processes within the team and ensure adherence to the policies and procedures best practices SOC 1 controls
  • Document and review existing processes suggest and implement improvements
  • Ensure that changes to systems processes and procedures are implemented within the team
  • Track report and escalate issues in accordance with established risk frameworks
• Team Management
  • Oversee a team of 8-12 staff
  • Review the work of team members and provide feedback
  • Monitor and track team performance in order to meet clients SLA and achieve financial targets
  • Plan resources in line with business demands participate in recruitment and selection process
  • Identify training needs lead coach and develop staff
  • Set goals provide regular feedback and appraise employees within the team
  • Implement training initiatives

About You:

• Bachelor or Master Degree in Accounting Finance Business related area and/or studying for a professional accounting qualification ( CPA or ACCA or equivalent)
• With 8 years experience in fund administration accounting or audit with strong experience in private credit
• Knowledge of IFRS and / or USGAAP
• Strong Supervisory skills with experience in managing and/or leading staff
• Strong client relationship management skills with proven ability to provide high quality service and manage difficult relationships.
• Project management skills and proven ability to effect change
• Ability to work under pressure in a highly demanding environment
• Proficient in Microsoft applications (Word Excel PowerPoint)
• Proficient in Investran is highly desirable (or other similar private equity systems e.g. eFront)
• Proficient in spoken and written Mandarin is highly desirable (but not a necessity)

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 as a source of organizational pride and strength. We have made it a priority to reflect our nations evolving diversity in the people we hire and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.