Assistant Manager, Private Equity

Pinnacle Fund Services Ltd.; Vancouver; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading company in fund services is seeking an Assistant Manager to oversee private equity funds. The role involves managing client portfolios, reviewing valuations, and providing professional development opportunities for team members. Competitive compensation and a strong focus on employee growth make it an exciting opportunity.

Benefits

Extended Health Benefits

RRSP Employer Match Program

Competitive Compensation

Annual discretionary bonus

Educational Support

Work-Life Balance

Exposure to all aspects of the business

Qualifications

• Prior fund accounting experience of at least 2-3 years required.
• Strong knowledge of accounting concepts and Microsoft Excel.
• Solid interpersonal and communication skills.

Responsibilities

• Manage a portfolio of client relationships in private equity funds.
• Review net asset valuations prior to client release.
• Coaching and training of junior staff.

Skills

Fund Accounting

Accounting Concepts

Microsoft Excel

Communication Skills

Organizational Skills

Education

Accounting Designation

Tools

PFS-Paxus

Job description

Company description

Pinnacle Fund Services (“Pinnacle”) is a privately-owned company headquartered in Vancouver that provides high-quality accounting and administrative services to hedge funds, private equity funds, and other investment vehicles in Canada, the United States and internationally. Pinnacle provides clients with responsive service and provides employees with a dynamic workplace and career growth potential. To deliver services to our growing client base, Pinnacle is seeking candidates for an Assistant Manager position to join our Private Equity Team.

Job description

As an Assistant Manager, you will be responsible for a portfolio of private equity funds both providing first review responsibility on a selection of lower risk NAVs and preparation of NAVs for larger and more complex client relationships. As part of the Private Equity Team you will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.

We are looking for proactive team players with a strong work ethic to join our growing entrepreneurial company. Candidates with prior experience in Fund Administration or the fund industry will find this role particularly appealing as it presents a significant opportunity for career advancement with Fund Administration. This position offers an exciting pathway for professional development.

Responsibilities

• Assisting in the management of a portfolio of client relationships
• Reviewing net asset valuations performed by fund accountants prior to release to clients and investors, which includes:
  • Reviewing capital activity such as capital calls & distributions
  • Reviewing the general ledger
  • Reviewing cash activity and cash reconciliations
  • Reviewing income and expenses, including management and performance fees and ensuring they are accrued for and are in accordance with relevant accounting standards
  • Reviewing Investor Statements and contract notes
• Preparation of net asset valuation files for larger and more complex clients for review by Management
• Reviewing financial statements and preparing financial statements for larger and more complex clients
• Managing year-end audits/tax reporting with clients’ and independent auditors and ensuring fieldwork is completed on schedule
• Coaching and training of junior staff
• Actively manages staff’s time and workload effectively ensuring both internal and external deadlines are met
• Ability to manage their own time and workload effectively to ensure both internal and external deadlines are met
• Actively manages client requests and ensures staff are responding to queries in a timely and professional manner
• Ability to prioritize multiple client requests and determine which require escalating to Senior Management
• Coordinates with all relevant teams internally (e.g. Tax, Investor Services) to ensure processes and workflows are aligned to meet client needs
• Ensuring all processes and output are consistent with Pinnacle’s policies and procedures and that Pinnacle’s control environment is maintained

Desired skills and experience

• Prior fund accounting experience of at least 2-3 years is required
• In-depth knowledge of closed ended funds desired but not required
• Accounting designation desired, but not required
• Strong knowledge of accounting concepts
• Strong knowledge of Microsoft Excel
• Solid interpersonal and communication skills
• Strong organizational skills
• Ability to handle multiple demands, competing priorities, and constant change
• Ability to allocate time effectively and manage tight deadlines
• Prior experience with PFS- Paxus is desired, but not required

Why Pinnacle Fund Services?

At Pinnacle Fund Services, we're committed to providing our employees with a comprehensive benefits package that supports their health, well-being, and professional growth. Here are some of the perks and benefits that set us apart:

• Extended Health Benefits
• RRSP Employer Match Program
• Competitive Compensation
• Annual discretionary bonus
• Educational Support
• Work-Life Balance
• Remote Firm, with some in-office days with purpose (learn, build relationships, collaborate & socialize)
• Exposure to all aspects of the business

Thank you for your interest in Pinnacle Fund Services. We look forward to meeting you and learning about your next steps in your career.

We are committed to creating a diverse and inclusive workplace and welcome applications from all qualified individuals, regardless of race, ethnicity, gender, sexual orientation, age, disability, religion, or any other protected status. We believe a diverse workplace is essential for driving innovation and achieving success, and we strive to provide equal opportunities for all employees.