Fund Services - Assistant Vice President - Private Equity

The Citco Group Limited; Philippines; Hybrid; PHP 1,800,000 - 2,400,000; Full time

Benefits offered by this job

Hybrid work setup

Alabang office location

Healthcare/ wellness support

Job summary

The Citco Group Limited in Alabang, Philippines seeks an experienced Fund Accounting professional to maintain books, compute NAVs, and coordinate financial statements for private equity funds. You will supervise junior staff and serve as the primary client contact.

Based in Alabang with a hybrid schedule (3 onsite days/week), the ideal candidate has a Master’s in Accounting or Finance, 6+ years in fund administration, IFRS/US GAAP knowledge, and strong English communication skills.

Qualifications

• Master degree in Accounting or Finance or equivalent professional qualification.
• 6+ years’ experience in accounting for financial services (Private Equity, Asset Management or Fund Administration).
• Knowledge of IFRS and/or US GAAP.
• Experience reviewing and preparing general ledgers and financial statements.
• Strong English communication skills (verbal and written).

Responsibilities

• Maintain books and records and calculation of fund Net Asset Values.
• Coordinate and review financial statements and reports including monthly/quarterly metrics.
• Coordinate calculations of carried interest, performance, and incentive fees.
• Coordinate investor allocations for capital calls, distributions and equalizations.
• Coordinate and review partner capital accounts statements.
• Coordinate processing of payments and other transactions.
• Supervise junior staff and sign off on work performed.
• Act as primary day-to-day contact with clients and fund participants.
• Work with Investor Relations to respond to investor queries.
• Maintain relationships with investors, managers, banks and auditors.

Skills

NAV calculations

Client relationship mgmt

Team supervision

IFRS knowledge

USGAAP knowledge

Financial statement review

Proficiency in English

Education

Master Degree in Accounting or Finance

Professional accounting qualification (CA/CPA/ACCA)

Tools

Microsoft Office

Investran

Job description

About CITCO

The Citco group of companies (Citco) is a network of independent companies worldwide for over 70 years, all of which are leading providers of asset‑servicing solutions to the global alternative investment industry. With $1.8+ trillion in AuA and operations across 36 countries with over 50 office locations.

For decades, industry publications have recognized our leadership in service and innovation. These accolades are a reflection of our drive to push ourselves and our industry forward.

With strategically positioned global offices, we offer opportunities for graduates and seasoned professionals to work across the world. Careers at Citco can span continents.

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 Fund Accounting 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.

Your Role:

• Responsible for maintaining books and records and calculation of fund Net Asset Values;
• Coordinating and reviewing financial statements and associated reports, including performance metrics for monthly/quarterly reporting;
• Coordinate and review calculations of carried interest/performance/incentive fees;
• Coordinate and review calculations and investor allocations for capital calls, distributions and equalizations;
• Coordinate and review partner capital account statements;
• Coordinate processing of payments and other transactions;
• Supervise junior staff, reviewing and signing off on work performed;
• Acting as a primary day‑to‑day contact with clients and other fund participants;
• Work closely with the Investor Relations team to respond to investor queries and to disseminate capital activity and other investor notices;
• Maintaining relationships with investors, investment advisors/managers, banks and auditors and other fund participants;
• Assisting auditors and other fund participants and advisers;
• Participating in presentations to existing and prospective clients;
• Monitor compliance of various agreements with clients, including the Service Level Agreement;
• Participating in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business;
• Any other functions required as part of the business of the Company, and reporting to the Vice President.

About You:

• Master Degree in Accounting, Finance, any other professional accounting qualification (i.e. CA, CPA or ACCA or equivalent)
• Minimum of 6+ years' experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
• Knowledge of IFRS and / or USGAAP
• Experienced in reviewing and preparing general ledger and financial statements.
• Established knowledge in relation to accounting and consolidations under IFRS.
• Excellent communication skills and proficiency in English (both verbal and written).
• Motivated, bright and diligent individual who is driven to meet deadlines.
• A team player who is able to manage individual responsibilities.
• Supervisory skills with experience in managing and/or leading staff for 3+ years.
• Good client/ business relationship management
• Sound judgment, problem solving and analytical skills.
• Proficient with Microsoft Applications (Excel, Word, PowerPoint etc.).
• User experience with enterprise accounting system(s).
• Working knowledge of Investran highly desirable
• Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return.
• Amenable to working in our Alabang Office (Filinvest 2 Bldg., Northgate Cyber Zone, Filinvest City, Alabang Muntinlupa City)
• Amenable to working under a Hybrid set up (3 days' onsite per week)
• Amenable to working on shifting schedules (AM or Mid-shift)

Our Benefits

Your wellbeing 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. Accommodation is available upon request for candidates taking part in all aspects of the selection.