Fund Accounting Manager, Private Equity

MUFG Investor Services • Toronto, ON

18h • CA$90,000 - CA$132,000 • Onsite

About The Position

MUFG Investor Services is seeking a Fund Accounting Manager for their Private Equity division. This role involves providing comprehensive fund accounting and administration services to private equity clients, including NAV preparation and review, custody servicing, investor record-keeping, and reporting. The manager will lead a team of Fund Accountants, ensuring smooth service delivery, accurate NAV completion, and adherence to client instructions and deadlines. Responsibilities also include reviewing fee schedules, investor allocations, capital calls, distributions, and financial statements, as well as managing client queries and establishing client-specific procedures. The role also contributes to the growth of the local office and involves participation in system initiatives and projects aimed at improving processes and technology.

Requirements

• Post-secondary education/University Degree with a concentration in finance or accounting.
• At least 5 years' 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 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

• Competitive salary
• Opportunity to work with one of the fastest-growing businesses at one of the world's largest financial groups
• Vibrant CULTURE
• Connected team
• Love of innovation
• Laser client focus

What This Job Offers

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