Fund Accounting Manager- Private Markets

Muf; Toronto; On-site; CAD 90,000 - 132,000; Full time

Benefits offered by this job

Group medical insurance

Group pension scheme

Professional subscriptions reimbursed

Gym membership assistance

Job summary

MUFG Investor Services in Toronto is seeking an Associate Director to lead fund accounting and administration for private equity clients. You will manage NAV preparation and reporting, coordinate with banks and auditors, and oversee fee calculations and investor distributions.

Responsibilities include AML compliance, client inquiries, and ensuring timely delivery of schedules and reports, with opportunities to grow the local office and contribute to technology improvements.

Qualifications

• University degree in Finance or Accounting.
• Significant years of experience in fund administration with staff management.
• Understanding of the Fund industry.
• Strong Excel and MS Office skills; openness to new tech.
• Knowledge of IFRS, US GAAP and Singapore GAAP.

Responsibilities

• Provide full range of fund accounting and administration services to private equity clients, incl. NAV prep/review and reporting.
• Lead a team of Fund Accountants and train staff on NAV processes.
• Coordinate with banks/auditors/custodians to ensure service delivery and NAV completion.
• Approve fee schedules and waterfall calculations per fund documents.
• Review investor allocations, subscriptions, capital calls, distributions, and wires.
• Ensure AML compliance with internal teams and administrators.
• Respond to client queries and sign-off schedules/reports.

Skills

Staff management

GAAP knowledge

MS Excel

Education

University degree in Finance or Accounting

Tools

Geneva

Investran

Yardi

Bloomberg

Job description

• Full-time
• Rank: Associate Director
• Employment Type: Permanent Full Time
• Compensation: CAD 90000 - CAD 132000 - 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

Report to the Director, Nexus, Client Delivery, a list of your responsibilities will include:

• Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting
• Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
• Work with banks, auditors, brokers and custodians to ensure smooth service delivery to customers and completion of NAV
• Approve fee schedules including calculation of management and carried interest, ensuring all calculations follow applicable fund documents
• Review and approve investor allocations for each NAV cycle, waterfall calculation and reviews, custody trading documents, Subscription and process Capital Calls and distributions wires, ensuring execution as instructed by clients and deadlines are met
• Work with both the internal AML team, and the administrators, ensuring all AML requirements are met
• Respond to all client queries
• Review and sign any schedules, reports and files for review ensuring they are completed in compliance with organization controls
• Resource Allocationto ensure that all work is carried out and Service level agreement met
• Approve payment of fund expenses in applicable banking systems, ensuring controls are followed
• Help with preparation and review of audited financial statements and annual audit
• Review reporting for the regulatory authorities
• Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
• Help with the growth of the local office
• Create ideas for improving the NAV process, technological improvements and client reporting
• Participate in multiple system initiatives and projects

This is for an existing position

Qualifications

You Have:

• A university degree in Finance orAccounting.
• Significant years' experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
• In-depth understanding of Fundindustry.
• Strong computer skills with strength in Microsoft Office products and willing to embrace new technologies for efficient solution. Proficiency with Microsoft Excel is particularly asset.
• Strong knowledge in IFRS, US GAAP and Singapore GAAP

Preferred:

• Qualified accountant or other relevant qualification
• Good knowledge on private credit or loan products
• Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficia

MUFG Investor Services provides all of its employees with an extremely attractive compensation package. In addition to base salary, there is a group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure fair and equitable access throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only to provide an accessible candidate experience.

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.