Fund Accounting Manager (Private Assets)

Kassen Recruitment; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

Kassen Recruitment is seeking a Fund Accounting Manager (Private Equity) to lead end-to-end operations for a portfolio of private equity funds. You will supervise a high-performing team, ensure accurate NAVs, financial statements, and partner allocations, and drive process improvements while delivering exceptional client service.

The ideal candidate has a degree in Accounting/Finance, CPA or CFA preferred, 3–5 years of fund accounting experience with PE or alts, and 4+ years of team leadership,

Qualifications

• Degree in Accounting/Finance/Economics or related field.
• CPA, CFA, or equivalent designation preferred.
• 3–5 years hands-on fund accounting experience with private equity or alts.
• 4+ years managing fund accounting teams.
• Strong understanding of US/Canadian GAAP and fund-level reporting.

Responsibilities

• Manage a high-performing team to meet departmental goals.
• Oversee day-to-day fund accounting operations for accuracy and efficiency.
• Lead NAV calculations, financial statements, trial balances, and allocations.
• Review complex fund expenses including management and admin fees, carried interest.
• Ensure quality of investor statements and compliance with governing documents.
• Coordinate with Investor Relations, Tax, and Financial Reporting.
• Serve as primary liaison to clients and oversee external audits.
• Mentor and develop team members; drive process improvements.

Skills

Fund accounting

Team leadership

NAV calculation

US/Canada GAAP

Excel advanced

Education

Degree in Accounting/Finance/Economics

CPA or CFA preferred

Job description

A respected player in the investment management space is hiring a Fund Accounting Manager (Private Equity) to oversee end-to-end operations for a portfolio of private equity funds. This is a high-impact leadership role ideal for professionals who bring a deep understanding of fund accounting and a passion for team development, process improvement, and client service excellence.

What You’ll Be Doing

• Manage a high-performing team to ensure departmental goals are met
• Oversee the day-to-day operations of the fund accounting team, ensuring accuracy and efficiency
• Lead the calculation and review of Net Asset Values (NAVs), financial statements, trial balances, and partner/shareholder allocations
• Review complex fund expenses including management fees, admin fees, carried interest, and more
• Ensure the quality and accuracy of all accounting work and client deliverables, including investor statements
• Interpret partnership agreements, PPMs, and other governing documents to ensure compliance and accuracy
• Ensure all documentation and processes comply with regulatory and internal standards
• Coordinate with internal teams including Investor Relations, Tax, Financial Reporting, and Integration for seamless service delivery
• Act as a primary liaison to clients and external stakeholders, responding to queries with accuracy and professionalism
• Oversee and coordinate external audit processes
• Mentor, train, and guide team members, conducting performance reviews and identifying development opportunities
• Lead initiatives to improve operational efficiency and implement quality control measures

What You Bring

• Degree in Accounting, Finance, Economics, or a related field
• CPA, CFA, or equivalent accounting designation preferred
• 3-5 years of hands-on fund accounting experience with private equity or alternative investment funds
• 4+ years of experience managing fund accounting teams
• Solid understanding of US/Canadian GAAP and fund-level financial reporting
• Experience preparing and reviewing general ledgers and financial statements
• Strong leadership and people management skills
• Excellent communication and organizational abilities
• Advanced Excel skills

Why This Role

This is a chance to step into a key leadership position with a global organization that values accuracy, innovation, and team development. You'll be central to delivering best-in-class fund accounting services to high-profile clients while leading a team committed to continuous improvement.