Vice President - Fund Accounting, Real Assets

Financeroles; Toronto; On-site; CAD 130,000 - 165,000; Full time

Benefits offered by this job

Benefits package

Training support

Flexible working arrangements

Job summary

Citco is seeking a Vice President to oversee real asset fund accounting and manager services, ensuring accuracy and timeliness of reports. The role emphasizes maintaining client relationships per SLAs, and guiding staff development, workflows and audits.

You will review financial statements, capital activity and partner allocations while coordinating audits and leveraging deep GAAP/IFRS knowledge. Strong leadership and communication are essential for success.

Qualifications

• Bachelor's or Master-level degree in accounting, finance or economics.
• Professional accounting designation required.
• 7+ years public/private accounting experience.
• 5+ years real estate and/or private equity experience.
• Knowledge of GAAP and IFRS is required.
• Experience with real estate/private equity fund accounting systems preferred.

Responsibilities

• Oversee accounting for real asset funds and fund managers with accurate, timely deliverables.
• Manage client relationships in line with SLAs and Citco procedures.
• Train and develop staff, optimize workflows and processes.
• Review quarterly/monthly reports, cash reconciliations, accruals and capital activity.
• Coordinate external audits and ensure adherence to audit standards.

Skills

GAAP/IFRS knowledge

Real estate

Private equity

Leadership

Communication skills

REIT knowledge

Performance reporting

Valuation

Project management

Real estate software

Advanced Excel

Education

Bachelor or Master in accounting/finance

Tools

Yardi

MRI

Investran

Job description

About Citco:

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

About the Team & Business Line:

Fund Administration is Citco’s core business, and ouralternative asset and accounting service is one of the industry’s mostrespected. Our continuous investment in learning and technology solutions meansour people are equipped to deliver a seamless client experience.

Your Role:

The Vice President is responsible for ensuring that real asset funds and real asset fund managers are provided with accurate and timely accounting services. In addition, the Vice President shall manage client relationships in line with client Service Level Agreements, Citco procedures and applicable accounting standards, while also maintaining a focus on training and development of staff, work flow processes and improvements.

Accounting:

Review Quarterly/Monthly reports and working papers, which include:

• Cash and Position Reconciliations
• Expense Accruals
• Agree Dividends and Interest Accruals if applicable
• Review all capital activity pertaining to the funds (Capital Call and Distribution processing)
• Review Limited Partner and General partners/Shareholder Allocation; calculations/schedules – includes review of Admin/Management fees/Waterfall/Clawback calculations
• Trial balances and related working papers
• Financial statements, footnotes and Partner Capital Statements

Operations:

• Overall responsibility for client relationships, inquiries and meetings
• Interact with Senior Management and clients
• Review procedures and recommend solutions in order to improve efficiencies
• Ensure adherence to all internal and external audit standards
• Coordinate, manage and monitor external audit process
• Liaise with clients and assist them on accounting and administrative issues and relevant developments
• Provide technical accounting/industry knowledge to clients
• Review client partnership agreements, PPM’s and other materials
• Implementation of fund structures onto accounting system
• Preparation of client service plans including annual budget
• Liaising with property management companies

Team Management:

• Review the work of team members and provide feedback for improvement in order to guarantee timely delivery and quality of work
• Monitor and track team performance and profitability in order to meet the client service level agreements and achieve financial targets
• Plan resources in line with business demands, participate in the recruitment and selection process, lead, coach, develop and appraise employees within the team
• Establish plan for new client setup and transitions
• Keep Senior Management abreast of all material issues affecting the processing of deliverables
• Ad Hoc Reports requests and operations metrics as required by management
• Implement training initiatives

About You:

• You have a Bachelor or Master level degree (in accounting, finance, economics).
• Professional accounting designation required
• 7+ years public/private accounting experience
• 5+ years real estate and/or private equity experience
• Knowledge and experience in GAAP and IFRS required
• Experience with fair value reporting for real estate investments and debt obligations
• Knowledge of Real Estate and Private Equity Fund Accounting
• Strong leadership skills and supervisory experience of other professionals
• Strong written and verbal communication skills
• Knowledge of REIT structures and testing
• Experience in Performance Reporting – NCREIF and GIPS(AIMR)
• Project management skills with attention to detail and proven ability to multi-task
• Knowledge and experience in real estate/private equity accounting systems (Yardi, MRI, Investran, etc.) is preferred
• Advanced computer skills (Microsoft Excel)

Salary Range:

CAD $130,000 - 165,000

• This position is not for an existing vacancy; we are building a candidate pool for future opportunities

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.