Vice President, Fund Accounting - Private Assets

Citco

Toronto

Hybrid

CAD 130,000 - 165,000

Full time

4 days ago

Be an early applicant

Get a reply from this employer

Your resume and cover letter, tailored to exactly what they’re hiring for.

Get past ATS filters

Benefits offered by this job

Benefits package

Education support

Flexible working arrangements

Job summary

Citco is seeking a senior leader for Private Assets Fund Accounting in Toronto. You will lead a team to deliver NAV calculations, financial statements and client reporting for private equity funds, ensuring regulatory and internal standards are met.

You will drive process improvements, oversee audits, and collaborate across Investor Relations, Tax and Financial Reporting to maintain high client service levels. Hybrid work in Toronto with global collaboration.

Qualifications

University degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA)
8+ years public/Private Equity accounting experience
Proven leadership experience at VP level or equivalent
Strong knowledge of waterfall structures, modelling and calculations
Experience with general ledgers and financial statements
Ability to lead and motivate a team
Project management skills with attention to detail
Proficient in Microsoft Office (Excel/Word) and PE accounting platforms

Responsibilities

Lead and manage a team of managers and staff
Execute strategic plans to achieve business objectives
Oversee resource allocation to meet client SLAs
Oversee periodical Net Asset Value calculations for Private Equity Funds
Review fund expenses and fees
Review accounting work, investor statements and reporting
Ensure compliance with internal and external standards
Collaborate with internal teams and clients
Coordinate external audits and onboarding of new clients
Drive continuous improvement and automation initiatives

Skills

Leadership

Negotiation

Business planning

Margin analysis

Rating agency relations

Technical accounting

Waterfall modelling

Process improvement

US GAAP

General ledger

Team leadership

Project management

Interpersonal skills

Communication

Education

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

Tools

Excel

Word

FIS Investran PE

Job description

Toronto, ON, Canada (Hybrid)

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.

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.

Responsibilities

Your Role:

Lead and manage a team of managers and staff, providing guidance and support
Execute strategic plans to archive business objectives
Oversee resource allocation and workflow to meet client SLAs
Ensure efficient and effective daily operations
Overseeperiodical 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
Ensure documentation is compliant with internal and external/regulatory standards
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 aspects of operations
Liaise with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally
Act as a liaison with Clients on matters relating to Fund Accounting services, maintain overall client relationships
Ensure timely and accurate responses to client queries
Act as a liaison with external parties
Coordinate, manage and monitor external audit processes
Provide technical accounting/industry knowledge to clients
Collaborate with Client Integration team (including new client onboarding and conversions)
Collaborate with Relationship Managers to develop client service level agreements
Review operations processes for the Company’s Private Equity division
Participate in the recruitment and hiring process
Onboard new employees and ensure they are fully integrated into the team
Conduct regular meetings to communicate objectives, updates and expectations
Evaluate team performance, providing timely feedback and conducting performance reviews
Identify training needs, organize professional development plans for the team and coach them to success
Act as a liaison between the team and senior management
Facilitate effective communication within the department and other departments/groups
Forster a culture of continuous improvement and learning within the department
Participate in technology automation, procedure development, and other special projects/initiatives
Implementation of efficiency initiatives in a timely manner
Generate ad hoc reports as required

Qualifications

About You:

You have aUniversity degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA).
You have8+ years public/Private Equity accounting experience.
Proven experience in leadership role, preferably as a Vice President or equivalent
Skilled in negotiation, business planning, margin analysis, rating agency relations and technical accounting
Strong knowledge of waterfall structures, modelling and calculations
Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses
Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting
Experience in reviewing and preparing general ledgers and financial statements
Ability to lead and motivate a team
Project management skills with attention to detail and proven ability to multi-task
Excellent interpersonal abilities
Strong written and verbal communication skills
Proficient in Microsoft Office (EspeciallyExcel and Word), experienced user of the FIS Investran PE accounting platform highly desirable

Salary Range: CAD $130,000-$165,000

This position is for an existing vacancy.

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.

Job Info