Private Equity Fund Accountant

Pinnacle Fund Services; Toronto; Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Extended Health Benefits

RRSP Employer Match Program

Competitive Compensation

Annual discretionary bonus

Educational Support

Work-Life Balance

Remote Firm, with some in-office days

Exposure to all aspects of the бизнес

Job summary

Pinnacle Fund Services Ltd. is seeking a Fund Accountant to join our Private Equity Team in Toronto. You will support NAV production for private equity portfolios and work with Senior Fund Accountants and Management to ensure accurate reporting and compliance.

The role offers growth opportunities in fund administration, exposure to closed-ended funds, and a collaborative, entrepreneurial environment with a focus on professional development and client service.

Qualifications

• Prior fund accounting experience is desirable but not required.
• Understanding of closed-ended funds is desirable but not required.
• Accounting designation is desirable but not required.
• Strong knowledge of Microsoft Excel.
• Solid interpersonal and communication skills.
• Strong organizational skills.
• Ability to handle multiple demands, competing priorities, and constant change.
• Ability to allocate time effectively and meet deadlines.
• Prior experience with PFS-Paxus is desirable but not required.
• Ability to manage own time and workload effectively ensuring both internal and external deadlines are met.

Responsibilities

• Assist with NAV calculations and capital activity recording.
• Record cash activity and perform reconciliations.
• Price portfolios in line with fund documents.
• Ensure accruals for income, expenses, and fees.
• Prepare investor statements and contract notes.
• Support preparation of financial statements and year-end audits.
• Liaise with clients, auditors, andTax providers as required.
• Update Wrike daily to reflect status and deadlines.
• Assist in SOC audits and provide supporting documentation.
• Document procedures for funds.

Skills

Fund accounting

Excel

Interpersonal skills

Time management

Client service

Education

Accounting designation

Bachelor's degree in accounting

Tools

Wrike

PFS-Paxus

Job description

Pinnacle Fund Services (“Pinnacle”) is a privately-owned company headquartered in Vancouver that provides high-quality accounting and administrative services to hedge funds, private equity funds, and other investment vehicles in Canada, the United States and internationally. Pinnacle provides clients with responsive service and provides employees with a dynamic workplace and career growth potential. To deliver services to our growing client base, Pinnacle is seeking candidates for Fund Accountant to join our Private Equity Team.

Job description

As a Fund Accountant, you will be responsible for supporting the NAV production process for a private equity client portfolio working closely with Senior Fund Accountants and Management. As part of the Private Equity Team, you will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.

We are looking for proactive team players with a strong work ethic to join our growing entrepreneurial company. Candidates with prior experience in Fund Administration or the fund industry will find this role particularly appealing as it presents a significant opportunity for career advancement with Fund Administration. This position offers an exciting pathway for professional development.

Responsibilities

• Assisting with the preparation of net asset value calculations on a timely basis, which includes:
  • Recording capital activitysuch as capital calls & distributions
  • Recording cash activity and performing cash reconciliations
  • Pricing portfolios in accordance with funds' offering documents
  • Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
  • Preparing Investor Statements and contract notes
• Supporting preparation of financial statements
• Supporting year-end audit and tax reporting requests
• Supporting responses to ad-hoc reporting requests as required by clients
• Process cash transactions - including but not limited to posting of GL entries, investment purchases/sales and corporate actions.
• Review of investment supporting documentation to ensure accuracy of booking
• Refresh NAV Workbook after each cash transaction and resolve any discrepancies.
• Prepare and reconcile income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards.
• Refresh Financial Statements and resolve any discrepancies.
• Upload Fund Pricing schedules
• Run NAV reporting packages
• Refresh Tax & AWP workbooks

• Enter Capital calls & distributions
• Prepare investor notices
• Interacting with clients - assisting with any questions, ad hoc requests and providing support
• Assisting in yearend Audits and liaising with Audit and Tax providers
• Coordinating with Investor Services team on counterparts update, investor/client requests
• Collaborate with internal and external parties to meet client requirements and address investor inquiries
• Updating Wrike daily to ensure status of work is up to date to ensure deadlines are met
• Support in SOC Audit and providing supporting documentation for samples
• Documenting procedures on funds
• Preparing sub close calculations including equalization and equalization interest on an investor per investor basis.
• Provide Cash Management Services for distribution and any fund expenses
• Perform Waterfall/carried interest calculations.

Desired skills and experience

• Prior fund accounting experience is desired, but not required
• Understanding of closed-ended funds is desired, but not required
• Accounting designation desired but not required
• Strong knowledge of Microsoft Excel
• Solid interpersonal and communication skills
• Strong organizational skills
• Ability to handle multiple demands, competing priorities, and constant change
• Ability to allocate time effectively and manage tight deadlines
• Prior experience with PFS-Paxus is desired, but not required
• Ability to manage own time and workload effectively ensuring both internal and external deadlines are met

Why Pinnacle Fund Services?

At Pinnacle Fund Services, we're committed to providing our employees with a comprehensive benefits package that supports their health, well-being, and professional growth. Here are some of the perks and benefits that set us apart:

• Extended Health Benefits
• RRSP Employer Match Program
• Competitive Compensation
• Annual discretionary bonus
• Educational Support
• Work-Life Balance
• Remote Firm, with some in-office days with purpose (learn, build relationships, collaborate & socialize)
• Exposure to all aspects of the business

Thank you for your interest in Pinnacle Fund Services. We look forward to meeting you and learning about your next steps in your career.

Our Commitment to Inclusion & Accessibility

Pinnacle Fund Services is committed to fostering a diverse, equitable, inclusive, and accessible workplace where all employees and applicants feel valued, respected, and supported. We welcome applications from qualified individuals of all backgrounds and experiences. Accommodations are available upon request for candidates participating in all aspects of the recruitment and selection process. If you require an accommodation, please let us know and we will work with you to meet your needs.