Supervisor, Fund Accounting - Private Assets

Citco GSGS; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a leading firm in the asset servicing sector as a key member of the Private Assets team. This role offers the opportunity to work alongside industry experts, overseeing fund accounting and ensuring compliance with high standards. You will manage Net Asset Value calculations, guide team members, and foster a culture of problem-solving and efficiency. With a commitment to diversity and inclusion, this innovative company provides a supportive environment where your contributions will be valued. If you're ready to elevate your career in a dynamic setting, this position is perfect for you.

Benefits

Flexible Working Arrangements

Training and Education Support

Diversity and Inclusion Initiatives

Qualifications

• 4+ years of fund accounting experience in financial institutions.
• Strong leadership and project management skills required.

Responsibilities

• Oversee and prepare Net Asset Value calculations for Private Equity Funds.
• Ensure compliance with internal policies and regulatory requirements.

Skills

Fund Accounting

Leadership Skills

Project Management

Problem Solving

Analytical Skills

Communication Skills

Education

University Degree in Accounting

CFA, CGA, CMA, CA, CPA Designation

Tools

Microsoft Excel

Microsoft Word

FIS Investran PE Accounting Platform

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.

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 Private Assets 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.

About You:

• You have a University degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA).
• 4+ years of fund accounting experience in either a Private Equity Fund, Private Equity Administrator, or other financial institution where the accountant has gained financial products knowledge.
• Experience in reviewing and preparing general ledgers and financial statements.
• Strong leadership skills and supervisory experience of other professionals.
• Project management skills with attention to detail and proven ability to multi-task.
• Sound judgement, problem solving and analytical skills.
• Strong written and verbal communication skills.
• Proficient in Microsoft Office (Especially Excel and Word), experienced user of the FIS Investran PE accounting platform highly desirable.

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.

#INDCIT

Your Role:

• Oversee and/or prepare periodical Net Asset Value calculations for the Private Equity Funds, including Financial Statement preparation, trial balance review and Partner/Shareholder Allocation calculations.
• Review the calculation of fund specific expenses, including admin fees, management fees, carried interest and other applicable fees.
• Review accounting work, capital events, other client deliverables, investor statements and reporting prepared by staff.
• Review private equity funds’ partnership agreements, PPMs and other materials.
• Ensure compliance with internal policies/procedures/best practices, external standards, and regulatory requirements.
• Maintain high standards of quality and accuracy in all work performed by the team and ensure all client SLAs are met.
• Coordinate with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally.
• Act as a primary day-to-day contact with Clients and other fund participants.
• Coordinate, manage and monitor external audit processes.
• Demonstrate understanding of Private Equity Fund types and mechanics and provide technical accounting/industry knowledge to clients as needed.
• Participate in client integration (including new client onboarding and conversions).
• Supervise and coordinate the daily activities of team members.
• Provide guidance, support, and mentorship to staff.
• Act as a liaison between team members and upper management.
• Foster a problem-solving culture within the team.
• Implementation of efficiency initiatives in a timely manner.
• Generate ad hoc reports as required.