Assistant Vice President, Fund Accounting (Private Assets)
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Job Location:
Monthly Salary:
Posted on:
12 hours ago
Vacancies:
1 Vacancy
Job Summary
AVP Private Equity Fund Accounting
UK - London
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:
Alternative Asset Fund Administration is Citcos core business and our Private Equity (PE) division is a major part of that. Citco have one of if not the largest footprint of staff in Ireland within the Private Equity Administration sector. Our continuous investment in learning which includes Private Equity specific personal development training programs for multiple staff levels and technology solutions means our people are equipped to deliver a seamless client experience.
Our largest investment however is in our people and as a core member of our Private Equity Fund Accounting group you will be working in a team with some of the industrys most accomplished professionals. Furthermore this team delivers award-winning services to a roster of some of the largest most recognised bluechip clients in the Private Equity industry.
Citco Fund Services (Ireland) Limited are also Great Place to Work (GPTW) certified and as such are building their teams to ensure everyone is given the right level of support while also challenging them to grow with us.
This role represents a unique opportunity to work directly within a rapidly expanding global PE investment managers fund finance team. The role will support the existing fund finance team interfacing with Citco servicing teams in relation to fund reporting requirements on existing and recently launched products. The role also offers the opportunity to gain exposure on a variety of fund finance operational workstreams that as part of a fund finance role in a global PE investment.
Responsibilities
Your role is to:
Assist with the day-to-day accounting reporting and operations for various PE funds including:
Manage and monitor deliverables (SLAs) with Citco and client teams
Manage and review quarterly financial and investor reporting outputs
Manage capital activity processing (calls/distributions/transfers)
Review/prepare management fee & waterfall/carry calculations
Oversee production of year end accounts and/or financial statements for complex PE structures under US GAAP
Assist with the review of investor allocations and partners capital account statements
Assist with production and review of regulatory and shareholder reports
Help with treasury management functions including monitoring fund cash positions and preparing cash projections.
Liaise with tax teams and advisors on fund-level tax filings FATCA/CRS compliance and investor tax reporting (e.g. K-1s if relevant).
Develop into a Subject Matter Expert (SME) on PE client structures and PE accounting processes
Engage in and drive certain finance team and / or fund specific projects
Regularly engage with Citco and client teams on individual and team goals
Communicate regularly with Citco and client teams and help maintain great relationships
Review client Limited Partnership Agreements (LPAs) PPMs and other materials
Act as liaison to various internal/external stakeholders
Work with onboarding solutions teams and client teams to implement new fund structures on accounting system whilst also identifying and implementing more streamlined and efficient processes.
Qualifications
About You:
You have 5 years experience in accounting operations or practice
You have 3 years experience in Private Equity (Desirable)
You are a strong team player who exhibits strong communication and written skills
You have the ability to handle several deliverables and different stakeholders simultaneously and prioritize work based on deadlines
You have strong communication and relationship skills
You must have strong knowledge of the financial services industry its products and practices and a strong interest in further development and learning
You have proven Fund Accounting system Microsoft Word and Excel and PowerPoint skills
You are degree Qualified (2.1 and above) in Finance or Accounting related degree (desirable).
Our Benefits
Your wellbeing 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.
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Required Experience:
Exec
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.
