Senior Associate Director, Fund Accounting, Private Equity

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 3 hours ago

Vacancies: 1 Vacancy

Job Summary

Report to the Director Nexus Client Delivery a list of your responsibilities will include:

Provide the full range of fund accounting and administration services to private equity fund clients including Net Asset Value (NAV) preparation and review custody servicing investor record keeping and reporting
Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
Work with banks auditors brokers and custodians to ensure smooth service delivery to customers and completion of NAV
Approve fee schedules including calculation of management and carried interest ensuring all calculations follow applicable fund documents
Review and approve investor allocations for each NAV cycle waterfall calculation and reviews custody trading documents Subscription and process Capital Calls and distributions wires ensuring execution as instructed by clients and deadlines are met
Work with both the internal AML team and the administrators ensuring all AML requirements are met
Respond to all client queries
Review and sign any schedules reports and files for review ensuring they are completed in compliance with organization controls
Resource Allocation to ensure that all work is carried out and Service level agreement met
Approve payment of fund expenses in applicable banking systems ensuring controls are followed
Help with preparation and review of audited financial statements and annual audit
Review reporting for the regulatory authorities
Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
Help with the growth of the local office
Create ideas for improving the NAV process technological improvements and client reporting
Participate in multiple system initiatives and projects

This is a new position.

Qualifications :

Post-secondary education/University Degree with a concentration in finance or accounting.
Demonstrable experience working in the fund administration industry with experience managing staff. This can include other administrators investment managers or fund auditors.
In-depth understanding of the private equity fund administration industry. This includes multiple fund structures fee calculations financial instruments and fund offering documentation review.
High proficiency with Microsoft Excel is an essential requirement for this role.
Experience with fund accounting software Geneva Investran or Yardi or working knowledge of Bloomberg would be beneficial
Completion or interest in a professional accounting designation (CA CGA CMA ACCA ICAEW CFA (or equivalent) an asset

Additional Information :

Experience something Brilliantly Different with a career with MUFG Investor Services.

Who are we In a nutshell MUFG Investor Services is part of the Mitsubishi UFJ Financial Group family and we partner with over 480 loyal global investment firms to provide them with administration asset services banking and fund financing.

Were in 17 global locations and provide an exceptional hub of Brilliantly Different talent to thrive.

At MUFG Investor Services we use Artificial Intelligence (AI) tools to help identify skills and experience that align with role requirements. All AI recommendations are reviewed by our recruitment team before any decisions are made.

MUFG is an equal opportunity employer.

Remote Work :

Employment Type :

Full-time

Report to the Director Nexus Client Delivery a list of your responsibilities will include:Provide the full range of fund accounting and administration services to private equity fund clients including Net Asset Value (NAV) preparation and review custody servicing investor record keeping and reportin...

Report to the Director Nexus Client Delivery a list of your responsibilities will include:

Provide the full range of fund accounting and administration services to private equity fund clients including Net Asset Value (NAV) preparation and review custody servicing investor record keeping and reporting
Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
Work with banks auditors brokers and custodians to ensure smooth service delivery to customers and completion of NAV
Approve fee schedules including calculation of management and carried interest ensuring all calculations follow applicable fund documents
Review and approve investor allocations for each NAV cycle waterfall calculation and reviews custody trading documents Subscription and process Capital Calls and distributions wires ensuring execution as instructed by clients and deadlines are met
Work with both the internal AML team and the administrators ensuring all AML requirements are met
Respond to all client queries
Review and sign any schedules reports and files for review ensuring they are completed in compliance with organization controls
Resource Allocation to ensure that all work is carried out and Service level agreement met
Approve payment of fund expenses in applicable banking systems ensuring controls are followed
Help with preparation and review of audited financial statements and annual audit
Review reporting for the regulatory authorities
Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
Help with the growth of the local office
Create ideas for improving the NAV process technological improvements and client reporting
Participate in multiple system initiatives and projects

This is a new position.

Qualifications :

Post-secondary education/University Degree with a concentration in finance or accounting.
Demonstrable experience working in the fund administration industry with experience managing staff. This can include other administrators investment managers or fund auditors.
In-depth understanding of the private equity fund administration industry. This includes multiple fund structures fee calculations financial instruments and fund offering documentation review.
High proficiency with Microsoft Excel is an essential requirement for this role.
Experience with fund accounting software Geneva Investran or Yardi or working knowledge of Bloomberg would be beneficial
Completion or interest in a professional accounting designation (CA CGA CMA ACCA ICAEW CFA (or equivalent) an asset

Additional Information :

Experience something Brilliantly Different with a career with MUFG Investor Services.

Were in 17 global locations and provide an exceptional hub of Brilliantly Different talent to thrive.

MUFG is an equal opportunity employer.

Remote Work :

Employment Type :

Full-time

Key Skills

Program assessment
FDA Regulations
Manufacturing & Controls
Program Evaluation
budget forecast
Research Experience
Operations Management
Research & Development
Strategic Planning
Contract Management
Leadership Experience
negotiation

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About Company

MUFG Investor Services

Were more than just fund administration. Our offerings include a scope of solutions not historically provided by asset servicing companies. From fund financing to subscription lines of credit, securities lending, foreign exchange (FX) services, consulting services and beyond, we help ... View more

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