Fund Accountant, Private Equity

KV Capital; Edmonton; Hybrid; CAD 70,000 - 100,000; Full time

Benefits offered by this job

Stock options

Paid time off

Professional development

Hybrid work arrangement

Job summary

KV Capital in Canada seeks a Fund Accountant to manage the accounting records for its private equity funds, prepare financial statements and investor reports, and support audits and tax compliance under IFRS and ASPE.

The successful candidate will report to the CFO, work with a third-party administrator, and thrive in a fast-paced, detail-oriented environment contributing to KV Capital’s growth.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA designation preferred (in process or completed).
• 2+ years of accounting experience, preferably private equity or public accounting.
• Advanced Excel skills and strong analytical abilities.

Responsibilities

• Maintain fund accounting records, reconcile accounts, and liaise with third-party administrator.
• Manage accounts payable for funds, review invoices, and issue remittances.
• Perform payroll functions for funds, including quarterly payroll for Board of Directors and tax filings.
• Prepare monthly/annual financial statements for funds per IFRS/ASPE.
• Assist in quarterly investor reporting and Board reporting.

Skills

Accounting

Finance

Excel

Attention to detail

CPA candidate

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

IFRS/ASPE knowledge

Job description

At KV Capital, we have established ourselves as industry leaders in real estate debt and investment, driven by our unwavering commitment to excellent, trusted partnerships, and innovating 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 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.

Role Summary

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.

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 administrators.
• 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.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Chartered Professional Accountant (CPA) designation preferred (in process or completed – note this position will provide qualified hours for CPA candidates).
• 2+ 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.

What KV Capital Offers

• Competitive total compensation package, including performance-based and long-term incentives
• Eligible to participate in our Employee Stock Option Plan
• 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)

Our Value Proposition

We offer a compelling value proposition, including access to proprietary debt and equity capital, proprietary tools, substantial existing business actively generated in the market and a best-in-class underwriting team and back office. Our objective is to foster significant growth in the market. The compensation package for this role scales with the achieved growth and profitability.

For more information on our company, please visit our website at www.kvcapital.ca.