Senior Fund Accountant, Private Debt

Muf; Toronto; On-site; CAD 72,000 - 106,000; Full time

Job summary

MUFG Investor Services in Toronto, Canada seeks a Senior Associate to support day-to-day administration and financial reporting for Private Equity and Private Debt clients. You will review data, load into systems, and assist with consolidations across investment structures, ensuring accuracy of journal entries and reconciliations.

This role requires a finance or accounting degree, Excel proficiency, and prior fund administration experience.

Qualifications

• Post-secondary degree in finance or accounting.
• Experience in fund administration and staff management.
• Proficient with Microsoft Excel.
• Deep understanding of fund administration, structures, fees and fund documents.
• Experience with Geneva, Investran or Yardi is an asset.
• Bloomberg knowledge is beneficial.

Responsibilities

• Review financial data from Private Equity / Private Debt clients and load to internal accounting systems.
• Assist with consolidations through investment structures 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 management fees and carried interest.
• Prepare investor allocations for NAV cycles ensuring correct P&L allocation.
• Prepare NAV packages and ad hoc deliverables per SLAs.
• Collaborate with client, banks, auditors and third parties to ensure smooth delivery.

Skills

Financial analysis

Fund accounting understanding

Staff management experience

Education

Post-secondary degree in finance or accounting

Tools

Microsoft Excel

Geneva

Investran

Yardi

Bloomberg

Job description

• Compensation: CAD 72,000 - CAD 105,600 - yearly

Company Description

About MUFG Investor Services:

MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.8 trillion in assets – we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

With a diverse and dynamic network of offices across the globe, MUFG Investor Services provides challenging and rewarding careers. We achieve this by offering continuous learning and development, collaborative team work environment, promotion of work-life integration, and exposure to a wide variety of work.

Imagine your future at MUFG Investor Services where you can grow professionally, in a diverse and inclusive workplace that rewards your contribution.

Job Description

The Senior Associate will support the day-to-day administration and financial reporting service requirements for our Private Equity and Private Debt clients. The role will include the below key tasks.

You Will:

• Review financial data received from Private Equity / Private Debt clients and load to our 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.

Qualifications

• Post-secondary education/University Degree with a concentration in finance or accounting.
• Some years experience working in the fund administration industry with experience managing Staff. This can include other administrators, investment managers or fund auditors
• Must be proficient with Microsoft Excel
• In-depth understanding of fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
• Existingexperience with fund accounting software Geneva, Investran or Yardi would be an asset
• Have a working knowledge of Bloomberg would be beneficial but not necessary

Additional Information

MUFG Investor Services provides all of its employees with an extremely attractive compensation package. In addition to base salary, there is a group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure fair and equitable access throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only to provide an accessible candidate experience.

We are committed to using Artificial Intelligence (AI) tools responsibly and being transparent about what we do to build trust and confidence. At MUFG Investor Services, we use AI tools to support our recruitment process by helping us understand how well candidates’ applications align with the requirements of the role.

All AI recommendations are reviewed by our recruitment team before any decisions are made.

More information on our use of AI tools is available in our Privacy Notice available to you as part of your application.

MUFG is an equal opportunity employer.

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