Citco Canada | Manager, Fund Accounting - Private Assets

Responsibilities

• Lead and manage the team to archive departmental and organizational goals.
• Implement strategic plans to archive business objectives.
• Ensure efficient and effective day-to-day operations.
• Oversee periodical 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.
• Implement and monitor quality control procedures.
• Maintain high standards of quality and accuracy in all aspects of operations and ensure all client SLAs are met.
• 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.
• 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 as needed.
• Work closely with Client Integration team (including new client onboarding and conversions).
• Manage and coordinate the activities of team members.
• Provide direction, support, and mentorship to team members.
• Conduct regular meetings to communicate objectives, updates and expectations.
• Evaluate team performance, providing timely feedback and conducting performance reviews.
• Identify skill gaps and training needs within the team. Organize and facilitate training programs to enhance team capabilities.
• Act as a liaison between the team members and senior management.
• Implementation of efficiency initiatives in a timely manner.

Requirements

• Knowledge of US/Canadian GAAP and other comprehensive basis of accounting
• Experience in reviewing and preparing general ledgers and financial statements
• Proven experience in managerial role
• Strong leadership, organizational, and time-management skills
• Strong project management skills with attention to detail and proven ability to multi-task
• Strong written and verbal communication skills
• Proficient in Microsoft Office (Especially Excel and Word), experienced user of the FIS Investran PE accounting platform highly desirable

Citco

Founded in 1948 by A.A.G. Smeets, Citco first worked for private clients and multinational companies in the years after the Second World War, and launched its fund administration business in 1968. The group, whose parent company is The Citco Group Limited, has been majority independently owned since its start. It now serves alternative asset managers, asset owners, investors, banks and corporates with fund administration, middle office, banking, tax and regulatory, corporate secretarial and entity management services.

• Industry: Asset servicing for the alternative investment industry: fund administration, middle office, banking, tax and corporate services
• Headquarters: The Citco Group Limited, a privately held group with offices worldwide