Supervisor, Fund Accounting (Fund of Fund)

The Citco Group Limited; Toronto; On-site; CAD 84,000 - 102,000; Full time

Benefits offered by this job

Flexible work arrangements

Training and education support

Disability accommodations

Job summary

The Citco Group Limited is seeking a seasoned Fund Accounting professional to support the team in producing client deliverables, overseeing monthly NAV processes and KPI reporting. You will coordinate with offshore teams, oversee reconciliation packages, and ensure adherence to internal standards.

Ideal candidates have supervisory experience, strong communication, and a background in financial services, especially hedge funds or investment companies.

Qualifications

• University degree in Accounting, Finance, Economics or professional accounting designation.
• Experience in financial services industry and understanding of hedge funds and investment structures.

Responsibilities

• Support the team manager in client deliverables, staff development, task allocation and process improvement.
• Oversee and prepare financial reports and NAV-related statements, meet client deadlines.
• Liaise with clients on monthly reporting packages and monitor compliance with agreements.
• Lead weekly/monthly client calls and prepare monthly KPI reporting.

Skills

Verbal and written communication

Supervisory experience

Client service experience

MS Office proficiency

Offshore team experience

Education

University degree in Accounting/Finance/Economics or professional accounting designation (CGA, CMA, CA, CPA or CFA)

Tools

Microsoft Office

Job description

About Citco

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So, for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

Responsibilities

About Citco

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So, for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

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 team, 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

• You will support the team manager in discharging their responsibilities around completion of client deliverables, staff development and task allocation, process improvement and efficiency and profitability management.
• Oversee and prepare financial reports and profit allocation statements, including the calculation of "net asset value", meeting client deadlines
• Act as a liaison with the client on matters relating to the preparation of the monthly reporting package
• Monitor compliance of various agreements and lead weekly/monthly calls with the clients
• Prepare monthly scorecards and KPI reporting
• Review monthly financial statements and reconciliation packages prepared by the staff and daily/monthly operational/control reporting
• Review the calculation of hedge fund specific expenses (e.g., management fees, incentive fees and other applicable fees)
• Ensure all applicable checklists are utilized and completed within established timelines
• Ensure adherence to all internal and external operating standards, procedures and best practices
• Participate in the fiscal year end audit process and provide information to auditors as required
• Lead new client on-boarding and new fund launches to successful completion
• Communicate with colleagues about administrative problems and devise plans to address them
• Keep managers abreast of all material issues affecting the NAV production process
• Train and support team members in their development
• Assist fund accounting staff to resolve day-to-day issues and contribute to performance management and evaluation efforts alongside the manager
• Contribute to effective department operations by facilitating cross training of funds across teams, coverage during high volume periods, and dispersing technical and operational knowledge to ensure adoption of best practices
• Actively provide a critical eye to the department’s processes and technology by continually seeking to improve the quality and productivity of internal processes and controls
• Actively participate in internal meetings and initiatives around operational issues and present possible solutions
• Assist with ad hoc projects

About You

• You have a University Degree in Accounting, Finance, Economics or professional accounting designation (CGA, CMA, CA, CPA or CFA).
• Experience in financial services industry and an understanding of investment strategies and financials products, particularly around hedge funds and/or investment companies
• Extensive supervisory, managerial and client service experience
• Demonstrated financial reporting/analytical/organizational skills
• Applies strong business knowledge and technical expertise to develop and recommend solutions to complex problems
• Excellent verbal and written communication skills
• Experience working with offshore teams
• Proficiency with Microsoft Office and technical strength to navigate multiple systems and automated workflows
• Proven ability to work in a challenging, professional and deadline driven work environment

Salary Range:

CAD 84,000 - CAD 102,000

• This posting is for an existing vacancy.

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 process.