Private Equity Fund Accountant - Toronto / Vancouver

Pinnacle Fund Services; Toronto; Hybrid; CAD 57,000 - 70,000; Full time

Job summary

A financial services company in Toronto is seeking a Fund Accountant to join their Private Equity team. You will support the NAV production process and work closely with senior accountants. Ideal candidates should possess strong Excel skills and interpersonal abilities, with opportunities for career development and a supportive workplace culture. The position also offers remote work flexibility with some in-office requirements.

Benefits

Extended Health Benefits

RRSP Employer Match Program

Competitive Compensation

Annual discretionary bonus

Educational Support

Work-Life Balance

Qualifications

• Prior fund accounting experience is desired.
• Understanding of closed-ended funds is a plus.
• Ability to handle multiple demands and tight deadlines.

Responsibilities

• Assist with the preparation of net asset value calculations.
• Record cash activity and perform cash reconciliations.
• Support preparation of financial statements and year-end audits.

Skills

Microsoft Excel

Interpersonal skills

Communication skills

Organizational skills

Education

Accounting designation

Tools

PFS-Paxus

Job description

Overview

Salary: $57,000.00 - $70,000.00

Company 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 a 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 activity such as capital calls and 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.
• Processing cash transactions, including posting of GL entries, investment purchases/sales and corporate actions.
• Reviewing investment supporting documentation to ensure accuracy of booking.
• Refreshing NAV workbook after each cash transaction and resolving any discrepancies.
• Preparing and reconciling income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards.
• Refreshing financial statements and resolving any discrepancies.
• Uploading Fund Pricing schedules.
• Running NAV reporting packages.
• Refreshing Tax & AWP workbooks.
• Entering capital calls & distributions.
• Preparing investor notices.
• Interacting with clients – assisting with any questions, ad hoc requests and providing support.
• Assisting in year-end audits and liaising with Audit and Tax providers.
• Coordinating with Investor Services team on counterpart updates and investor/client requests.
• Collaborating 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 and deadlines are met.
• Supporting 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.
• Providing cash management services for distributions and fund expenses.
• Performing waterfall / carried interest calculations.

Qualifications

• 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.

Benefits

• 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.

We are committed to creating a diverse and inclusive workplace and welcome applications from all qualified individuals, regardless of race, ethnicity, gender, sexual orientation, age, disability, religion, or any other protected status. We believe a diverse workplace is essential for driving innovation and achieving success, and we strive to provide equal opportunities for all employees.

Job Post Disclaimer

Pinnacle does not accept resumes from employment placement agencies, head-hunters, or recruiters who do not have a formal contractual arrangement with us. Any unsolicited resume, candidate profile, or other information received from a supplier not approved by Pinnacle will not be considered. Pinnacle will not pay any referral, placement, or other fee for the supply of such unsolicited resumes or information.