Fund Accountant, Private Equity

Muf; Toronto; On-site; CAD 60,000 - 88,000; Full time

Job summary

MUFG Investor Services in Toronto is seeking a Financial Accounting professional to support fund accounting processes and investor reporting. The role involves reviewing data, setting up consolidations, and preparing NAV packages for clients.

You will process journal entries, reconciliations, capital calls and distributions, and collaborate with banks, auditors and clients to ensure accurate, timely deliverables in a fast-paced environment.

Qualifications

• A few years' experience in Financial Accounting, Fund Accounting or Audit.
• Private Equity or Hedge Fund experience preferred but not essential.
• Experience with Investran is value added, but more importantly good Excel skills are needed.
• CPA/ACCA/CA qualified ideally, or in process of obtaining these qualifications.

Responsibilities

• Review financial data from Private Equity clients and load to internal accounting systems.
• Assist with setting up, preparing and reviewing consolidations through the investment structure using various consolidation rules.
• Process payment of fund expenses in applicable banking system.
• Book journal entries related to cash payments and accruals.
• Prepare third party reconciliations of investments and cash.
• Prepare capital call and distribution calculations and notices.
• Prepare fee schedules including calculation of management fees and carried interest, ensuring all calculations observe applicable fund documents.
• Prepare investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
• Prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
• Collaborate with client, banks, auditors and other third parties to ensure smooth delivery to clients and completion of deliverables.

Skills

Financial Accounting

Fund Accounting

Audit

Education

CPA/ACCA/CA

Tools

Investran

Excel

Job description

• Compensation: CAD 60000 - CAD 88000 - yearly

Company Description

About MUFG Investor Services:

MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.8 trillion in assets – we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

With a diverse and dynamic network of offices across the globe, MUFG Investor Services provides challenging and rewarding careers. We achieve this by offering continuous learning and development, collaborative team work environment, promotion of work-life integration, and exposure to a wide variety of work.

Imagine your future at MUFG Investor Services where you can grow professionally, in a diverse and inclusive workplace that rewards your contribution.

Job Description

You Will:

• Review financial data received from Private Equity clients and load to our internal accounting systems.
• Assist with setting up, preparing and reviewing consolidations through the investment structure using various consolidation rules.
• Process payment of fund expenses in applicable banking system.
• Book journal entries related to cash payments and accruals.
• Prepare third party reconciliations of investments and cash.
• Prepare capital call and distribution calculations and notices.
• Prepare fee schedules including calculation of management fees and carried interest, ensuring all calculations observe applicable fund documents.
• Prepare investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
• Prepare NAV packages and other ad hoc deliverables as defined in the service levelagreements.
• Collaborate with client, banks, auditors and other third parties to ensure smooth delivery to clients and completion of deliverables.

Qualifications

• At least a few years' experience working in the Financial Accounting, Fund Accounting or Audit.
• Private Equity or Hedge Fund experience is preferred but not essential
• Experience working with Investran is value added, but more importantly good excel skills are needed
• CPA/ACCA/CA/ qualified ideally, or in process of obtaining these qualifications.

Additional Information

We are committed to using Artificial Intelligence (AI) tools responsibly and being transparent about what we do to build trust and confidence. At MUFG Investor Services, we use AI tools to support our recruitment process by helping us understand how well candidates’ applications align with the requirements of the role.

All AI recommendations are reviewed by our recruitment team before any decisions are made.

More information on our use of AI tools is available in our Privacy Notice available to you as part of your application.

MUFG is an equal opportunity employer.