Fund Accountant

KV Capital; Edmonton; Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid work

Paid time off

Professional development

Competitive compensation

Job summary

KV Capital is seeking a Fund Accountant to support private equity funds, reporting to the CFO, with responsibilities spanning accounting records, financial statements, investor reporting, and audits. The role emphasizes precision, collaboration, and the ability to thrive in a fast-paced environment.

Located in Edmonton, Alberta, the position offers a flexible hybrid work arrangement, with four days in-office and one remote day per week, and a strong emphasis on professional development and

Qualifications

• Bachelor’s degree in accounting, finance, or a related field.
• CPA designation preferred (completed or in progress).
• 1+ years of work experience in accounting functions.
• Strong understanding of accounting principles, financial processes and controls.
• Exceptional analytical and problem-solving skills with attention to detail.
• Ability to multitask and meet tight deadlines in a fast-paced environment.
• Excellent communication and interpersonal skills.
• Demonstrated ability to work independently and take initiative.
• Advanced use of Microsoft Office Suite with Excel expertise.

Responsibilities

• Maintain the accounting records of the funds and related entities, reconciling accounts and coordinating with the fund administrator.
• Manage accounts payable for the funds, including invoice reviews and payments.

Skills

Accounting

CPA designation

Excel

Financial reporting

Attention to detail

Education

Bachelor's degree in accounting/finance

Tools

Excel

Job description

At KV Capital, we have established ourselves as industry leaders in real estate debt and investment, driven by our unwavering commitment to excellence, trusted partnerships, and innovative solutions. Since our founding in 2006, we have expanded our business across three connected areas of service: real estate private equity, real estate lending, and private equity investments in real estate supply chain businesses. Managing a robust portfolio of +$1.8 billion in funded investments, accompanied by +$1 billion in assets under management, our dedicated team of finance experts is driven by a shared goal to cultivate prosperity for our clients, investment partners, and communities. We have office locations in Edmonton, Calgary, and Toronto, and continue to expand and extend our reach nationally.

Private Equity ("PE")

Launched in 2017, KV’s PE business invests in operating companies with strong business fundaments and clear growth catalysts. Currently, we manage investor capital across three funds. Fund I is a niche fund focused on manufacturing and distribution businesses in the RV space, currently in its exit stage. Fund II is a generalist fund focused on distribution companies in non-real estate sectors, currently in its hold stage. Fund III is a strategic real estate-adjacent fund, targeting companies that manufacture and distribute building products, currently in deployment.

Launched in 2022, KV’s EQP business provides equity to experienced real estate developers across Western Canada. Currently, we manage investor capital across two funds, both of which invest in mid-size “build and sell” real estate projects. Fund I and II are fully committed.

(Job title dependent on seniority of the successful applicant)

LOCATION

Edmonton, Alberta

YOUR OPPORTUNITY

The Fund Accountant will play a pivotal role in our private equity funds, involved in all aspects of accounting and reporting, including management and Board reporting of financial statements, investor reporting, year-end audits, cash flow forecasting, and tax reporting. Reporting directly to the CFO, you will also work closely with a third-party fund administrator. The ideal candidate will have a strong background in accounting, excellent analytical skills, a high level of attention to detail, and the ability to work effectively in a fast-paced environment. The successful candidate will be driven, collaborative, hard-working, and eager to contribute to KV Capital’s continued success.

YOUR KEY RESPONSIBILITIES

• Maintain the accounting records of the funds and their related entities by inputting financial transactions, reconciling accounts, and communicating with the third-party fund administrator as required.
• Manage accounts payable for the funds, including reviewing invoices for accuracy, processing payments, and distributing remittance advices to vendors.
• Perform all necessary payroll functions for the funds, including quarterly payroll for the Board of Directors, payroll deduction remittances and tax filings, and the preparation and issuance of ROEs and T4s to Directors.
• Prepare monthly and annual financial statements for the various funds in compliance with IFRS and ASPE.
• Assist in the preparation of quarterly reporting packages for distribution to investors, creditors and the Board of Directors.
• Prepare monthly cash flow forecasts for the funds, monitor cash reserve balances, and identify capital call requirements for future periods.
• Assist in preparing the annual budget and quarterly reforecasts for the funds and Private Equity division by gathering information, preparing supporting schedules, and reviewing assumptions for accuracy.
• Calculate portfolio and investor returns and report key return metrics to management on a quarterly basis.
• Review net asset value, income allocation, and fee calculations prepared by the third-party fund administrator.
• Coordinate interim and year-end fieldwork with the external auditors, action audit support requests, and coordinate with portfolio company personnel to ensure the timely completion of portfolio company audits.
• Support tax compliance for the funds and related entities, calculating year-end tax estimates, preparing supporting working papers, reviewing T2 and T5013 returns prepared by the external tax advisors, preparing internal T2 returns, and preparing quarterly GST returns.
• Respond to ad hoc inquiries from investors and internal partners including the investor relations, legal and commercial teams.
• Assist with other tasks and projects as needed.

YOUR CAPABILITIES AND CREDENTIALS

• Bachelor’s degree in accounting, finance, or a related field.
• Chartered Professional Accountant (CPA) designation preferred (completed or in progress). This position provides qualifying CPA experience through KV Capital's CPA Pre-Approved Program Route.
• 1+ years of work experience in accounting functions, preferably within private equity or public accounting.
• Strong understanding and knowledge of accounting principles, financial processes, and controls.
• Exceptional analytical and problem-solving skills, with the ability to develop financial analysis and reporting efficiently and accurately.
• A strong attention to detail and ability to multitask effectively and meet tight deadlines.
• Ability to effectively prioritize and execute tasks in a high-pressure, entrepreneurial environment.
• Excellent communication and interpersonal skills.
• Demonstrated ability to work independently and take initiative and follow through on work assignments.
• Advanced use of Microsoft Office Suite, with a demonstrated expertise in Excel.
• Competitive total compensation package, including performance-based and long-term incentives
• Comprehensive paid time-off package, including birthdays off and holiday office closures
• Financial and organizational support for professional development opportunities
• Flexible work environment, including hybrid work offering (4 days in office, 1 day remote per week).

You will be part of an enthusiastic and highly effective team with no end to challenging and transformational work in sight. KV Capital is in a phase of growth and expansion, offering a collaborative work environment, recognition for outstanding performance and abundant opportunities for both personal and professional advancement.

For further insights into our company, please visit our website at www.kvcapital.ca.