Fund Accountant, Private Assets

Citco GSGS; Ontario; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading company in asset servicing seeks a core member for their Private Assets team. The role involves preparing Net Asset Value calculations and financial control elements for Private Equity Funds. Ideal candidates will have a degree in Accounting or Finance and strong communication skills.

Benefits

Flexible working arrangements

Training and education support

Qualifications

• Experience in the financial industry or public accounting is an advantage.

Responsibilities

• Prepare periodic Net Asset Value calculations for Private Equity Funds.
• Execute financial control elements covering assets, liabilities, income, expenses, and equity.
• Prepare and reconcile income and expense accruals.

Skills

Communication

Microsoft Office

Education

University degree in Accounting

Professional accounting designation

Tools

Excel

Job description

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948, leading to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate, expand, and shape the industry’s future. We serve a diverse client base, including hedge funds, alternatives, corporations, and private clients, across multiple asset classes and geographies. Our progress is a pattern we aim to maintain, always prioritizing performance. If you want to play at the top of your game and be at the vanguard of your space, welcome to Citco.

For more information about Citco, please visit www.citco.com

About the Team & Business Line :

Fund Administration is Citco’s core business. Our alternative asset and accounting services are highly respected in the industry. Continuous investment in learning and technology enables us to deliver seamless client experiences.

As a core member of our Private Assets team, you will work alongside accomplished professionals to deliver award-winning services for complex fund structures that our clients depend on.

About You :

• You have a University degree in Accounting, Finance, Economics, or a professional accounting designation (CFA, CGA, CMA, CA, CPA).
• You possess excellent verbal and written communication skills.
• You are proficient in Microsoft Office (especially Excel) and Outlook.
• You have proven ability to work in a challenging, professional, and fast-paced environment.
• Experience in the financial industry or public accounting is an advantage.

We prioritize your well-being, offering benefits, training, education support, and flexible working arrangements to help you succeed while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity and are committed to hiring from diverse backgrounds. Our inclusive culture fosters innovation and mutual respect.

Citco welcomes applications from people with disabilities. Accommodations are available upon request during all stages of the recruitment process.

Your Role :

• You will prepare periodic Net Asset Value calculations for Private Equity Funds, including financial statement preparation, trial balance review, and partner/shareholder allocation calculations.
• You will execute financial control elements covering assets, liabilities, income, expenses, and equity.
• You will independently complete cash, portfolio, and capital reconciliations, investigating and resolving discrepancies.
• You will prepare and reconcile income and expense accruals, including admin fees, management fees, and carried interest.
• You will prepare capital events for Private Equity Funds.
• You will prepare investor capital account statements and reporting.
• You will maintain contact with clients, banks, custodians, and brokers.
• You will monitor compliance with client service level agreements, managing the timing and quality of deliverables.
• You will review client funds’ partnership agreements, PPMs, and other materials.
• You will assist with onboarding new clients and launching new funds.
• You will coordinate and monitor external audit processes.
• You will liaise with internal and external parties to meet client needs.
• You will implement efficiency initiatives promptly.