Senior Fund Accountant, Fund Accounting – Hedge Funds
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
About Citco
Citco is a global leader in fund services corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 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 Fund Accounting Hedge Funds 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:
- You will form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations.
- Work to global procedures and internal best practices
- Be expected to assist and work with a small team of Fund Accountants and local management to service our clients who consist of investment managers and institutional investors within those Hedge Funds
- Perform valuation of hedge fund portfolio holdings
- Provide analysis of fund performance and prepare performance/P&L related reports
- Investigate communicate and resolve valuation/P&L related issues with hedge fund clients
- Perform price verification and prepare sign-off packages
- Monitorcompliance with various client service agreements
- Oversight and preparation of complex Net Asset Value calculations and investor P&L allocations in accordance with Service level agreements and internal controls
- Keep and maintain financial records (balance sheet general ledger entries and profit & loss statement) including accrual reconciliations versus external sources review cash trade position and dividend reconciliations from other internal departments
- Monitor and bookkeep the activity in the Fund covering corporate actions income and expenses fees capital transfers and performance fees
- Monitor compliance of various agreements with the clients
- Work with all team members to improve product quality and consistency
- Lead migrations and new fund launches to successful completion
- Train and support team members in their development
- Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
- Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
- Act as liaison with various internal/external parties e.g. Auditors Brokers Legal Counsel and Investment Manager
- Assist with ad hoc projects
Qualifications
About You:
- You have an accounting/finance background with relevant experience as evidenced by:
- A Bachelors Degree in Accounting Finance or Economics and
- Demonstrated 1-2 years of work experience at hedge/mutual funds or investment companies fund accounting
- Nearly qualified or completed CA CMA CGA CPA or CFA designation (preferred not a must have)
- Working understanding of investment strategies and financial products (including derivatives)
- Some successful supervisory/management experience an advantage
- Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams
- Excellent written and verbal communication skills
- Demonstrated financial reporting analytical and organizational skills
- Strong Office and Outlook skill set (especially Excel)
- Proven ability to work in a challenging and professional work environment
Salary Range: CAD $62000-$82000
- 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.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection
Required Experience:
Senior IC
Key Skills
- Accounting Software
- Portfolio Management
- Financial Services
- GAAP
- Accounting
- Regulatory Reporting
- Analysis Skills
- Securities Law
- Microsoft Excel
- Private equity
- Financial Accounting
- Bloomberg
About Company
At Citco, we don't just provide bespoke solutions and better results. We’re a true partner dedicated to developing rich, long-term relationships through gold standard services.
