Citco Canada | Vice President, Fund Accounting - Private Assets

Responsibilities

• Onboard new employees and ensure they are fully integrated into the team
• 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.
• 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.
• 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.
• 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.
• Participate in technology automation, procedure development, and other special projects/initiatives.

Requirements

• Proven experience in leadership role, preferably as a Vice President or equivalent
• Strong knowledge of waterfall structures, modelling and calculations
• 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
• 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