Supervisor, Fund Accounting, Private Equity

MUFG Investor Services; Toronto; On-site; CAD 85,000 - 115,000; Full time

Job summary

MUFG Investor Services in Toronto seeks an experienced Fund Accountant to deliver comprehensive fund administration for private equity clients. You will perform NAV reviews, pricing checks, capital calls, distributions, and investor allocations in alignment with fund documents.

The role requires 3+ years in fund administration with PE exposure, a university degree in finance or accounting, and knowledge of Investran.

Qualifications

• 3+ years in Fund Administration, with at least 2 in Private Equity.
• Experience reviewing Limited Partnerships and Operating Agreements.
• Strong knowledge of PE structures and waterfall calculations.

Responsibilities

• Provide full range of fund accounting services to private equity clients, including NAV review and accruals.
• Review and prepare pricing of portfolios in line with fund documents and policies.
• Calculate capital calls and distributions and allocate accordingly.
• Prepare and review management fees, waterfalls, and related schedules.
• Prepare investor allocations for NAV cycles ensuring correct P&L allocation.
• Prepare NAV packages and ad hoc deliverables per SLAs.
• Coordinate with internal MUFG teams and external clients for timely deliverables.
• Assist with audited financial statements and regulatory services as applicable.

Skills

Fund accounting

NAV review

Portfolio pricing

Financial reporting

Client communication

Education

University degree in finance/accounting

Professional designation (ACCA, CPA, CMA) considered asset

Tools

Investran

Job 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

Responsibilities

• Provide a full range of fund accounting services to private equity clients, including NAV review and preparation, reviewing accruals, security pricing, and cash and security position reconciliations.
• Review and prepare pricing of portfolios ensuring all holdings are priced observing the applicable fund documents and valuation policies.
• Review and prepare capital call and distribution calculations and allocations.
• Review and prepare fee schedules including calculation of management fee and waterfall, ensuring all calculations observe applicable fund documents.
• Review and prepare investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
• Review and prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
• Complete other ad hoc requests and projects.
• Communicate with internal MUFG teams and external clients, ensuring all deliverables and requests are met.
• Review and prepare audited financial statements, audit assistance, and other regulatory services, as applicable.

Qualifications

• University degree or professional designation such as ACCA, CPA, CMA, etc considered an asset.
• At least 3 years of experience in a Fund Administration role with at least 2 of those in a Private Equity role.
• Experience working on a Private Equity accounting system, preferably Investran.
• Strong knowledge of Private Equity structures, regulatory requirements, and waterfall calculations.
• Experience reviewing Limited Partnership Agreements and Operating Agreements.
• Experience in supervisory skills and/or coaching/mentoring.

MUFG is an equal opportunity employer.