Fund Accounting Manager, Private Equity

MUFG Investor Services • Tampa, FL

1d • Remote

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, we offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, business consulting, and more. Operating from 17 locations worldwide, we help clients mitigate risk, enhance efficiency, and navigate the operational complexities of today’s investment management landscape. As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions with approximately $3 trillion in assets, we combine deep expertise with the strength and stability of a leading financial institution. This role will report to the Senior Associate Director, Nexus, Client Delivery. The Fund Accounting Manager will provide full-range fund accounting and administration services to private equity clients, including NAV preparation and review, custody servicing, investor record-keeping, and reporting. They will manage a team of Fund Accountants, train staff, and work with various external parties to ensure smooth service delivery and accurate NAV completion. Responsibilities include reviewing and approving fee schedules, investor allocations, capital calls, and distributions, ensuring compliance with fund documents and client instructions. The role also involves managing AML requirements, responding to client queries, approving payments, assisting with financial statement audits, and reviewing regulatory reporting. Establishing client-specific procedures, ensuring cross-training, and contributing to the growth of the local office are also key aspects. The role will involve participating in system initiatives and projects, and creating ideas for improving the NAV process and client reporting.

Requirements

• Post-secondary education/University Degree with a concentration in finance or accounting.
• At least 5 years' experience working in the fund administration industry, within Private Equity 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 fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
• Have a client-centric mentality to provide an excellent client service
• Willing to embrace new technologies to identify new solutions and inefficient processes.
• Experience with team dynamics including engagement, moral, performance management
• Creativity in exploring solutions to improve daily operational efficiency

Nice To Haves

• Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficial
• Completion or interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW, CFA (or equivalent)) an asset

Responsibilities

• Providing full-range fund accounting and administration services to private equity clients, including NAV preparation and review, custody servicing, investor record-keeping, and reporting.
• Managing a team of Fund Accountants in performing accounting and administration service delivery to customers and training staff on all aspects of the NAV process.
• Working with banks, auditors, brokers, and custodians to ensure smooth service delivery to customers and completion of NAV.
• Reviewing and approving fee schedules, including calculation of management and carried interest, ensuring all calculations follow applicable fund documents.
• Reviewing and approving 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.
• Working with both the internal AML team and administrators to ensure all AML requirements are met.
• Responding to all client queries.
• Reviewing and signing any schedules, reports, and files for review, ensuring they are completed in compliance with organizational controls.
• Allocating resources to ensure that all work is carried out and Service Level Agreement is met.
• Approving payment of fund expenses in applicable banking systems, ensuring controls are followed.
• Helping with the preparation and review of audited financial statements and annual audits.
• Reviewing reporting for regulatory authorities.
• Establishing fund or client-specific procedures covering all aspects of our services; ensuring cross-training and cover in place for all services provided to clients.
• Helping with the growth of the local office.
• Creating ideas for improving the NAV process, technological improvements, and client reporting.
• Participating in multiple system initiatives and projects.

Benefits

• This role will start remotely, with the expectation to transition to in-office work, whether partially or fully, once our office is established and operational.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree