Manager, Fund Accounting - Private Assets (Traditional PA)

Citco GSGS; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading company in asset servicing seeks a Fund Accounting Manager to lead a team in delivering award-winning services for complex fund structures. The role involves strategic planning, oversight of financial operations, and ensuring compliance with accounting standards. Ideal candidates will have strong leadership skills and extensive experience in fund accounting.

Benefits

Flexible work arrangements

Training and education support

Qualifications

• 4+ years’ experience managing a team in fund accounting.
• 3-5 years of fund accounting experience in Private Equity Funds.
• Knowledge of US/Canadian GAAP and financial statement preparation.

Responsibilities

• Lead and manage the team to achieve departmental goals.
• Oversee Net Asset Value calculations for Private Equity Funds.
• Ensure compliance with internal and external standards.

Skills

Leadership

Project Management

Communication

Organizational Skills

Time Management

Education

University degree in Accounting, Finance, Economics

Professional accounting designation (CFA, CGA, CMA, CA, CPA)

Tools

Microsoft Office

FIS Investran PE platform

Job description

About Citco

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948, which led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate, expand, and shape the industry’s future.

From working exclusively with hedge funds to serving all alternatives, corporations, and private clients, our organization has grown immensely across asset classes and geographies. We view this progress as a pattern we aim to maintain, always prioritizing performance. If you want to play at the top of your game and be at the vanguard of your space, welcome to Citco.

For more information about Citco, please visit www.citco.com

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is highly respected in the industry. Our ongoing investment in learning and technology ensures our team delivers a seamless client experience.

As a key member of our Private Assets team, you will collaborate with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients depend on.

Qualifications

• University degree in Accounting, Finance, Economics, or a professional accounting designation (CFA, CGA, CMA, CA, CPA).
• 4+ years’ experience managing a team of Fund Accountants, Senior Fund Accountants, and Supervisors.
• 3-5 years of fund accounting experience in Private Equity Funds, Private Equity Fund Administrators, or similar financial institutions with financial products knowledge.
• Knowledge of US/Canadian GAAP and other comprehensive basis of accounting.
• Experience in reviewing and preparing general ledgers and financial statements.
• Proven managerial experience.
• Strong leadership, organizational, and time-management skills.
• Excellent project management skills with attention to detail and multi-tasking ability.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office (especially Excel and Word); experience with FIS Investran PE platform is highly desirable.

Our Benefits

We prioritize your well-being through a range of benefits, training, education support, and flexible work arrangements. Ask us about benefits specific to your location.

We embrace diversity and are committed to inclusive hiring practices, welcoming applications from people with disabilities and providing accommodations upon request.

Your Role:

• Lead and manage the team to achieve departmental and organizational goals.
• Implement strategic plans to meet business objectives.
• Ensure efficient daily operations.
• Oversee periodical Net Asset Value calculations for Private Equity Funds, including financial statement preparation, trial balance review, and partner/shareholder allocations.
• Review fund-specific expenses, including admin fees, management fees, and carried interest.
• Review accounting work, capital events, client deliverables, investor statements, and reporting.
• Ensure documentation compliance with internal and external standards.
• Review partnership agreements, PPMs, and other materials.
• Ensure adherence to policies, procedures, standards, and regulations.
• Implement and monitor quality control procedures.
• Maintain high standards of quality and accuracy, meeting all client SLAs.
• Liaise with Investor Relations, Waterfall, Tax, Financial Reporting, and other teams globally.
• Act as a client liaison regarding Fund Accounting services.
• Ensure timely, accurate responses to client queries.
• Coordinate with external parties and manage external audits.
• Provide technical accounting expertise to clients as needed.
• Collaborate with the Client Integration team for onboarding and conversions.
• Manage and support team members, conducting performance reviews and identifying training needs.
• Foster a proactive problem-solving environment.
• Implement efficiency initiatives and generate ad hoc reports as required.