Private Equity Fund Accountant: NAV, Fees & Distributions

Muf; Toronto; On-site; CAD 60,000 - 88,000; Full time

Job summary

MUFG Investor Services in Toronto is seeking a Financial Accounting professional to support fund accounting processes and investor reporting. The role involves reviewing data, setting up consolidations, and preparing NAV packages for clients.

You will process journal entries, reconciliations, capital calls and distributions, and collaborate with banks, auditors and clients to ensure accurate, timely deliverables in a fast-paced environment.

Qualifications

• A few years' experience in Financial Accounting, Fund Accounting or Audit.
• Private Equity or Hedge Fund experience preferred but not essential.
• Experience with Investran is value added, but more importantly good Excel skills are needed.
• CPA/ACCA/CA qualified ideally, or in process of obtaining these qualifications.

Responsibilities

• Review financial data from Private Equity clients and load to internal accounting systems.
• Assist with setting up, preparing and reviewing consolidations through the investment structure using various consolidation rules.
• Process payment of fund expenses in applicable banking system.
• Book journal entries related to cash payments and accruals.
• Prepare third party reconciliations of investments and cash.
• Prepare capital call and distribution calculations and notices.
• Prepare fee schedules including calculation of management fees and carried interest, ensuring all calculations observe applicable fund documents.
• Prepare investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
• Prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
• Collaborate with client, banks, auditors and other third parties to ensure smooth delivery to clients and completion of deliverables.

Skills

Financial Accounting

Fund Accounting

Audit

Education

CPA/ACCA/CA

Tools

Investran

Excel

Job description

MUFG Investor Services in Toronto is seeking a Financial Accounting professional to support fund accounting processes and investor reporting. The role involves reviewing data, setting up consolidations, and preparing NAV packages for clients.

You will process journal entries, reconciliations, capital calls and distributions, and collaborate with banks, auditors and clients to ensure accurate, timely deliverables in a fast-paced environment.