Manager, Fund Accounting - Private Assets

Citco GSGS; Jersey City (NJ); On-site; USD 120,000 - 169,000; Full time

Job summary

An established industry player is seeking a skilled leader for their Private Assets team. This role involves managing a dedicated group of fund accountants and ensuring the delivery of exceptional fund accounting services. With a focus on strategic planning and operational efficiency, you will oversee key financial processes, including the preparation of financial statements and compliance with regulatory standards. Join a collaborative environment that values diversity and innovation, where your contributions will directly impact client satisfaction and organizational success. If you're ready to elevate your career in a dynamic setting, this opportunity is for you.

Benefits

Flexible Working Arrangements

Training and Education Support

Diversity and Inclusion Programs

Qualifications

• 4+ years managing a team of Fund Accountants.
• 3-5 years of fund accounting experience in Private Equity Funds.

Responsibilities

• Lead and manage the team to achieve departmental goals.
• Oversee Net Asset Value calculations for Private Equity Funds.
• Ensure compliance with policies and regulations.

Skills

Team Management

Fund Accounting

Financial Statement Preparation

Project Management

Communication Skills

Microsoft Excel

US/Canadian GAAP Knowledge

Education

University Degree in Accounting

Professional Accounting Designation (CFA, CPA, etc.)

Tools

FIS Investran PE Platform

Microsoft Office

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, leading to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, pushing beyond industry boundaries and shaping 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.

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 Private Assets team, you will work with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Qualifications

• You have a university degree in Accounting, Finance, Economics, or a professional accounting designation (CFA, CGA, CMA, CA, CPA).
• 4+ years’ experience managing a team of Fund Accountants, Senior Fund Accountants, and Supervisors.
• 3-5 years of fund accounting experience in Private Equity Funds, Private Equity Fund Administration, or similar financial institutions, with financial products knowledge.
• Knowledge of US/Canadian GAAP and other comprehensive bases of accounting.
• Experience in reviewing and preparing general ledgers and financial statements.
• Proven managerial experience.
• Strong leadership, organizational, and time-management skills.
• Strong project management skills with attention to detail and multi-tasking ability.
• Excellent written and verbal communication skills.
• Proficient in Microsoft Office (especially Excel and Word); experience with FIS Investran PE platform is highly desirable.

Our Benefits

Salary Range: USD $120,000 to USD $169,000.

We offer a range of benefits, training, education support, and flexible working arrangements to support your career success and work-life balance. Please ask us about specific benefits available in your location.

We embrace diversity and prioritize hiring from diverse backgrounds. Our inclusive culture fosters innovation and mutual respect.

Citco welcomes applications from people with disabilities. Accommodations are available upon request for all stages of the hiring process.

Citco is an Equal Opportunity Employer. We make employment decisions without discrimination based on race, color, creed, religion, sex, disability, age, marital status, sexual orientation, citizenship, national or ethnic origin, or other protected statuses.

Note: This job description is not exhaustive. Employees may perform other duties to meet organizational needs.

Your Role:

• Lead and manage the team to achieve departmental and organizational goals.
• Implement strategic plans to achieve business objectives.
• Ensure efficient day-to-day operations.
• Oversee periodical Net Asset Value calculations for Private Equity Funds, including financial statement preparation, trial balance review, and partner/shareholder allocations.
• Review fund-specific expenses, including admin fees, management fees, carried interest, and other fees.
• Review accounting work, capital events, client deliverables, investor statements, and reporting prepared by staff.
• Ensure documentation compliance with internal and external/regulatory standards.
• Review private equity fund partnership agreements, PPMs, and other materials.
• Ensure compliance with policies, procedures, standards, and regulations.
• Implement and monitor quality control procedures.
• Maintain high standards of quality and accuracy, ensuring all client SLAs are met.
• Liaise with Investor Relations, Waterfall, Tax, Financial Reporting, and other teams globally.
• Act as a primary contact with clients regarding Fund Accounting services.
• Ensure timely and accurate responses to client queries.
• Coordinate with external parties and manage external audits.
• Provide technical accounting and industry knowledge to clients as needed.
• Work closely with the Client Integration team, including onboarding and conversions.
• Manage and support team members, providing direction, feedback, and performance evaluations.
• Identify training needs and organize development programs.
• Foster a proactive problem-solving culture.
• Implement efficiency initiatives promptly.
• Generate ad hoc reports as required.