Supervisor, Fund Accounting - Private Assets (Traditional PA)

The Citco Group Limited; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading asset servicing company in Toronto is seeking a Supervisor for Fund Accounting in Private Assets. The role involves overseeing financial calculations, leading a team, and liaising with clients. Applicants should possess a degree in Accounting or Finance, along with 4+ years of relevant experience. The position promotes an inclusive culture and flexible working arrangements to support professional growth and personal needs.

Benefits

Flexible working arrangements

Training and education support

Diversity and inclusion programs

Qualifications

• 4+ years of fund accounting experience in Private Equity Fund or financial institution.
• Experience in reviewing and preparing general ledgers and financial statements.
• Strong leadership and supervisory skills.

Responsibilities

• Oversee periodical Net Asset Value calculations for Private Equity Funds.
• Review fund specific expenses and ensure compliance with policies.
• Act as a primary day-to-day contact with clients.

Skills

Fund accounting experience

Leadership skills

Project management skills

Problem solving skills

Communication skills

Proficiency in Microsoft Office

Education

University degree in Accounting, Finance, or Economics

Professional accounting designation (CFA, CGA, CMA, CA, CPA)

Tools

FIS Investran PE accounting platform

Job description

Overview

Supervisor, Fund Accounting - Private Assets (Traditional PA) at The Citco Group Limited. The Citco Group Limited is a market leader in asset servicing, with a long-standing history since 1948. This role sits within Citco’s Private Assets team, delivering fund accounting services for complex fund structures.

For more information about Citco, please visit www.citco.com.

Responsibilities

• 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.

Qualifications

• 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.