Account Manager - Private Equity (1 Y Contract role)

CITCO Fund Services Australia Pty Ltd; Sydney; On-site; AUD 120,000 - 180,000; Full time

Job summary

Citco Fund Services Australia Pty Ltd in Sydney is seeking an Account Manager - Private Equity for a 1-year contract. You will oversee the administration of a portfolio of private equity funds, working closely with the Vice President and supervising a small team of accountants.

Key duties include maintaining books and records, calculating NAVs, coordinating financial statements, reviewing carried interest and capital calls, and liaising with investors, auditors, banks and managers to ensure

Qualifications

• Bachelor degree in accounting/finance or similar with professional qualification (CA/CPA/ACCA or equivalent) in progress.
• Minimum 6 years’ accounting experience in financial services, Private Equity, asset management or fund administration.
• Strong IFRS and/or US GAAP knowledge and consolidation experience under IFRS.
• Experience reviewing general ledger and financial statements.
• Excellent English communication, both written and verbal.

Responsibilities

• Maintain books/records and calculate fund NAVs.
• Coordinate/review financial statements and monthly/quarterly reporting metrics.
• Oversee carried interest/performance/incentive fee calculations.
• Coordinate investor capital calls, distributions, and allocations.
• Supervise staff and sign off on work.
• Primary day-to-day client contact and investor queries.

Skills

Communication

Leadership

Teamwork

Client management

Analytical skills

MS Office

Education

Bachelor Degree in Accounting/Finance

Tools

Investran

Excel

Private Equity systems (e.g. E-Front)

Job description

Account Manager - Private Equity (1 Y Contract role)

Citco is a privately owned organization providing specialized services to Private Equity and Real Estate firms, hedge funds, international financial institutions and high net worth individuals. We are the leading administrator in the alternative funds space worldwide and one of the largest corporate fiduciary and administrative services companies.

We have over 75 years’ experience in providing administration services to a diverse group of organizations, including those in the Real Assets and Private Equity sectors. Through our global network of 60 offices in 40 countries we assist clients with their administration and reporting requirements; we set-up and (co)manage holdings, administer corporate activities, and maintain the good legal standing of their companies.

About the Role:

Your role will encompass the administration of and any services pursuant to Administration Agreements in respect of a portfolio of Private Equity funds working closely with the Vice President and supervising a small team of accountants.

Job Duties in Brief:

• Responsible for maintaining books and records and calculation of fund Net Asset Values;
• Coordinating and reviewing financial statements and associated reports, including performance metrics for monthly/quarterly reporting;
• Coordinate and review calculations of carried interest/performance/incentive fees;
• Coordinate and review calculations and investor allocations for capital calls, distributions and equalizations;
• Coordinate and review partner capital account statements;
• Coordinate processing of payments and other transactions;
• Supervise staff members, reviewing and signing off on work performed;
• Acting as a primary day-to-day contact with clients and other fund participants;
• Work closely with the Investor Relations team to respond to investor queries and to disseminate capital activity and other investor notices;
• Maintaining relationships with investors, investment advisors/managers, banks and auditors and other fund participants;
• Assisting auditors and other fund participants and advisers;
• Participating in presentations to existing and prospective clients;
• Monitor compliance of various agreements with clients, including the Service Level Agreement;
• Participating in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business;
• Any other functions required as part of the business of the Company, and reporting to the Vice President.

About You:

• Bachelor Degree in Accounting, Finance and/or studying for a professional accounting qualification (i.e. CA, CPA or ACCA or equivalent)
• Minimum6 years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
• Knowledge of IFRS and / or USGAAP
• Experienced in reviewing and preparing general ledger and financial statements.
• Established knowledge in relation to accounting and consolidations under IFRS.
• Excellent communication skills and proficiency in English (both verbal and written).
• Motivated, bright and diligent individual who is driven to meet deadlines.
• A team player who is able to manage individual responsibilities.
• Supervisory skills with experience in managing and/or leading staff for 3-4 years.
• Strong business acumen.
• Good client/ business relationship management
• Sound judgment, problem solving and analytical skills.
• Proficient with Microsoft Applications (Excel, Word, PowerPoint etc).
• User experience with enterprise accounting system(s).
• Working knowledge of Investran highly desirable (or other Private Equity system e.g. E-Front)
• Experience in Limited Partnership accounting
• Private equity fund administration experience

As a highly-respected name in our industry, the Citco Group of Companies is known as both a high-quality service provider and forward-thinking partner. The founding family still runs Citco and continues to provide a broad range of financial services to our clients worldwide. True to our founding principles, we tailor our solutions to clients’ exact needs, continually investing in our network to deliver the highest-quality solutions.

Citco offers a huge depth and breadth of expertise in administration, governance and related services. As an industry leader for more than 75 years, we have deep expertise in the full range of fund strategies, different investors’ requirements, multinational governance and private client estate planning.

Operating from 40 countries across three continents, we have local knowledge across the world. With an average of more than 30 years’ service, our senior management team is highly experienced. SOC 1, Type 2-certified processes testify to our exceptional service delivery.

Citco’s people set us apart. Our senior management professionals include some of our industry’s most experienced. Recognised as thought leaders, they are respected for their specialist knowledge and insight. They lead well-trained teams, which possess technical skills and expertise.

Throughout Citco, there is a culture of service excellence. Our people have one absolute priority - to meet, even to exceed, clients’ expectations.

Source: this is an extract from the company’s own website.

As a highly-respected name in our industry, the Citco Group of Companies is known as both a high-quality service provider and forward-thinking partner. The founding family still runs Citco and continues to provide a broad range of financial services to our clients worldwide. True to our founding principles, we tailor our solutions to clients’ exact needs, continually investing in our network to deliver the highest-quality solutions.

Citco offers a huge depth and breadth of expertise in administration, governance and related services. As an industry leader for more than 75 years, we have deep expertise in the full range of fund strategies, different investors’ requirements, multinational governance and private client estate planning.

Operating from 40 countries across three continents, we have local knowledge across the world. With an average of more than 30 years’ service, our senior management team is highly experienced. SOC 1, Type 2-certified processes testify to our exceptional service delivery.

Citco’s people set us apart. Our senior management professionals include some of our industry’s most experienced. Recognised as thought leaders, they are respected for their specialist knowledge and insight. They lead well-trained teams, which possess technical skills and expertise.

Throughout Citco, there is a culture of service excellence. Our people have one absolute priority - to meet, even to exceed, clients’ expectations.

Source: this is an extract from the company’s own website.