Fund Accounting Manager (Private Assets)

Kassen Recruitment; Toronto; On-site; CAD 110,000 - 150,000; Full time

Job summary

Kassen Recruitment is seeking a Fund Accounting Manager (Private Equity) to lead a high‑performing team overseeing end‑to‑end fund accounting for a portfolio of private equity funds in Toronto. You will drive NAV calculations, financial reporting, and partner allocations while ensuring accuracy and client service excellence.

This role requires 4+ years managing fund accounting teams, strong knowledge of US/Canadian GAAP, and exceptional leadership and communication skills.

Qualifications

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

Responsibilities

• Lead a high-performing team to meet departmental goals.
• Oversee daily operations of the fund accounting team for accuracy and efficiency.
• Lead NAV calculations, financial statements, trial balances, and partner allocations.
• Review complex fund expenses including fees and carried interest.
• Ensure quality of accounting work and investor statements.
• Interpret governing documents for compliance and accuracy.
• Ensure documentation and processes meet regulatory standards.
• Coordinate with Investor Relations, Tax, Financial Reporting, and Integrations teams.
• Act as primary liaison to clients and external stakeholders.

Skills

Team leadership

Fund accounting

NAV calculations

Financial reporting

Communication

Process improvement

Advanced Excel

Education

Bachelor's degree in Accounting/Finance/Economics

CPA/CFA designation preferred

Tools

Fund accounting software

ERP systems

Job description

Overview

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.

Responsibilities

• 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

Qualifications

• 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.