Director, Fund Accounting, Private Equity

MUFG Investor Services•Tampa, FL

7h•Hybrid

About The Position

MUFG Investor Services is a trusted partner to many of the world’s largest public and private funds, providing asset servicing and operational solutions built for alternatives. With over $1 trillion in client assets under administration, they offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, and business consulting. Operating from 17 locations worldwide, MUFG Investor Services helps clients mitigate risk, enhance efficiency, and navigate operational complexities. As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions with approximately $3 trillion in assets, the company combines deep expertise with the strength and stability of a leading financial institution. The Director, Fund Accounting, Private Equity role involves providing the full range of fund accounting and administration services to private equity fund clients, managing a team of Fund Accountants, and ensuring smooth service delivery in a hybrid work environment.

Requirements

Hold a university degree in Banking/ Finance/ Mathematics/ Accounting/Economics, qualified accountant or other relevant qualification preferred
Have a minimum of 12 years progressive fund administration experience in servicing a Private Equity and/or Private Debt Clients
Demonstrable experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
Experience with the fund administration business and the drivers of profitability and success.
High proficiency with Microsoft Excel is an essential requirement for this role.
In-depth understanding of the private markets fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.

Nice To Haves

Experience with fund accounting software Investran, Geneva or Yardi would be beneficial

Responsibilities

Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting
Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
Work with banks, auditors, brokers and custodians to ensure smooth service delivery to customers and completion of NAV
Approve fee schedules including calculation of management and carried interest, ensuring all calculations follow applicable fund documents
Review and approve investor allocations for each NAV cycle, waterfall calculation and reviews, custody trading documents, Subscription and process Capital Calls and distributions wires, ensuring execution as instructed by clients and deadlines are met
Work with both the internal AML team, and the administrators, ensuring all AML requirements are met
Respond to all client queries
Review and sign any schedules, reports and files for review ensuring they are completed in compliance with organization controls
Resource Allocation to ensure that all work is carried out and Service level agreement met
Approve payment of fund expenses in applicable banking systems, ensuring controls are followed
Help with preparation and review of audited financial statements and annual audit
Review reporting for the regulatory authorities
Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
Help with the growth of the local office
Create ideas for improving the NAV process, technological improvements and client reporting
Participate in multiple system initiatives and projects