Vice President, Fund Accounting - Private Assets

Citco GSGS; Old Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

Join a pioneering firm in the asset servicing sector as a key member of the Private Equity team. This role offers the opportunity to lead a talented group of professionals, ensuring the delivery of award-winning services for complex fund structures. You will play a crucial role in managing operations, overseeing financial calculations, and maintaining high standards of quality and compliance. If you have a strong background in accounting and a passion for leadership, this is your chance to make a significant impact in a dynamic environment that values innovation and excellence.

Qualifications

• 8+ years of experience in public/private equity accounting.
• Proven leadership experience, preferably as a VP or equivalent.

Responsibilities

• Lead and manage a team, ensuring efficient daily operations.
• Oversee Net Asset Value calculations and financial statement preparation.
• Act as a liaison with clients and external parties for fund accounting.

Skills

Leadership

Negotiation

Business Planning

Technical Accounting

Project Management

Interpersonal Skills

Communication Skills

Microsoft Office (Excel, Word)

FIS Investran PE Accounting Platform

Waterfall Structures

Education

University degree in Accounting, Finance, or Economics

Professional accounting designation (CFA, CGA, CMA, CA, CPA)

Tools

FIS Investran

Microsoft Excel

Microsoft Word

Job description

About Citco:

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 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Private Equity team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

About You:

• You have a University degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA).
• You have 8+ years public/Private Equity accounting experience.
• Proven experience in a leadership role, preferably as a Vice President or equivalent.
• Skilled in negotiation, business planning, margin analysis, rating agency relations and technical accounting.
• Strong knowledge of waterfall structures, modelling and calculations.
• Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses.
• Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting.
• Experience in reviewing and preparing general ledgers and financial statements.
• Ability to lead and motivate a team.
• Project management skills with attention to detail and proven ability to multi-task.
• Excellent interpersonal abilities.
• Strong written and verbal communication skills.
• Proficient in Microsoft Office (Especially Excel and Word), experienced user of the FIS Investran PE accounting platform highly desirable.

Your Role:

• Lead and manage a team of managers and staff, providing guidance and support.
• Execute strategic plans to achieve business objectives.
• Oversee resource allocation and workflow to meet client SLAs.
• Ensure efficient and effective daily operations.
• Oversee periodical Net Asset Value calculations for the Private Equity Funds, including Financial Statement preparation, trial balance review and Partner/Shareholder Allocation calculations.
• Review the calculation of fund specific expenses, including admin fees, management fees, carried interest and other applicable fees.
• Review accounting work, capital events, other client deliverables, investor statements and reporting prepared by staff.
• Ensure documentation is compliant with internal and external/regulatory standards.
• Review private equity funds’ partnership agreements, PPMs and other materials.
• Ensure compliance with internal policies/procedures/best practices, external standards, and regulatory requirements.
• Maintain high standards of quality and accuracy in all aspects of operations.
• Liaise with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally.
• Act as a liaison with Clients on matters relating to Fund Accounting services, maintaining overall client relationships.
• Ensure timely and accurate responses to client queries.
• Act as a liaison with external parties.
• Coordinate, manage and monitor external audit processes.
• Provide technical accounting/industry knowledge to clients.
• Collaborate with Client Integration team (including new client onboarding and conversions).
• Collaborate with Relationship Managers to develop client service level agreements.
• Review operations processes for the Company’s Private Equity division.
• Participate in the recruitment and hiring process.
• Onboard new employees and ensure they are fully integrated into the team.
• Conduct regular meetings to communicate objectives, updates and expectations.
• Evaluate team performance, providing timely feedback and conducting performance reviews.
• Identify training needs, organize professional development plans for the team and coach them to success.
• Act as a liaison between the team and senior management.
• Facilitate effective communication within the department and other departments/groups.
• Foster a culture of continuous improvement and learning within the department.
• Participate in technology automation, procedure development, and other special projects/initiatives.
• Implementation of efficiency initiatives in a timely manner.
• Generate ad hoc reports as required.