Senior Fund Accountant, Fund Accounting – Hedge Funds

Fa Euxc Saasfaprod1; Toronto; On-site; CAD 62,000 - 82,000; Full time

Job summary

Citco in Toronto is seeking a Fund Accounting – Hedge Funds professional to provide administration and pricing services for a portfolio of hedge fund clients, ensuring adherence to administration agreements and global procedures. You will value holdings, analyze fund performance, prepare P&L reports, resolve valuation issues, and collaborate with internal teams, auditors and investment managers.

A Bachelor’s in accounting/finance/economics and 1–2 years in hedge fund accounting are expected;

Qualifications

• Accounting/finance background required.
• 1–2 years’ hedge fund or mutual funds fund accounting experience.
• CA/CMA/CGA/CPA or CFA designation preferred.
• Knowledge of investment strategies and financial products, including derivatives.
• Strong coordination skills across teams and solid communication.
• Proficient in Excel and financial reporting.

Responsibilities

• Provide administration and pricing services for hedge fund clients.
• Follow global procedures and internal best practices.
• Maintain day-to-day relationships with internal teams (Ops, Pricing, Investor Relations).
• Perform valuation of hedge fund holdings.
• Provide analysis of fund performance and prepare P&L reports.
• Investigate and resolve valuation/P&L issues with clients.
• Perform price verification and prepare sign-off packages.
• Monitor compliance with client service agreements.
• Demonstrate ownership and timely completion of tasks.
• Possibly participate in Net Asset Value calculations and investor P&L allocations.
• Collaborate with team to improve product quality and consistency.
• Train and support team members.
• Act as liaison with Auditors, Brokers, Legal Counsel, Investment Manager.
• Assist with ad hoc projects.

Skills

Analytical skills

Communication skills

Investment knowledge

Derivatives knowledge

Financial reporting

Education

Bachelor’s Degree in Accounting, Finance or Economics

CA/CMA/CGA/CPA or CFA designation

Tools

Excel

Job description

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $3 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

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 one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Fund Accounting – Hedge Funds team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Your Role:

• Provide administration and pricing related services for a portfolio of hedge fund clients in accordance with their administration agreements
• Work to global procedures and internal best practices
• Maintaining day-to-day relationships with Citco Internal teams including Operational Support, Middle Office, Pricing, Investor Relations and Relationship Management Fund Accounting teams
• Perform valuation of hedge fund portfolio holdings
• Provide analysis of fund performance and prepare performance/P&L related reports
• Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients
• Perform price verification and prepare sign-off packages
• Monitor compliance with various client service agreements
• Demonstrate ownership of assigned work and ensure timely completion, in line with demanding client service agreements
• Might participate in oversight and preparation of complex ‘Net Asset Value’ calculations and investor P&L allocations in accordance with Service level agreements and internal controls
• Work with all team members to improve product quality and consistency
• Train and support team members in their development
• Operate as a contact point for clients; able to respond to and resolve queries or elevate where necessary
• Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
• Act as liaison with various internal/external parties – e.g., Auditors, Brokers, Legal Counsel and Investment Manager
• Assist with ad hoc projects

About You:

• You have an accounting/finance background with relevant experience as evidenced by:
• A Bachelor’s Degree in Accounting, Finance or Economics and
• Demonstrated 1-2 years of work experience at hedge/mutual funds or investment companies fund accounting
• Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
• Working knowledge of investment strategies and financial products, including derivatives
• Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams
• Excellent written and verbal communication skills
• Demonstrated financial reporting, analytical and organizational skills
• Strong Office and Outlook skill set (especially Excel)
• Proven ability to work in a challenging and professional work environment

Salary Range: CAD 62,000 - CAD 82,000

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.