Manager, Fund Accounting, Private Markets / Private Debt

MUFG Investor Services•Vancouver, BC

28d•Hybrid

About The Position

This is a backfill position for a Manager, Fund Accounting, Private Markets / Private Debt. The role involves providing 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. The manager will lead a team of Fund Accountants, ensuring smooth service delivery to customers and training staff on all aspects of the NAV process. Key responsibilities include approving fee schedules, reviewing and approving investor allocations, managing custody trading documents, processing Subscription and Capital Calls and distributions wires, ensuring compliance with AML requirements, responding to client queries, and reviewing financial statements and regulatory reports. The role also involves establishing client-specific procedures, ensuring cross-training and cover, contributing to the growth of the local office, identifying improvements in the NAV process and technology, and participating in system initiatives and projects.

Requirements

A university degree in Finance or Accounting.
Significant years' experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
In-depth understanding of Fund industry.
Strong computer skills with strength in Microsoft Office products and willing to embrace new technologies for efficient solution. Proficiency with Microsoft Excel is particularly asset.
Strong knowledge in IFRS, US GAAP and Singapore GAAP.

Nice To Haves

Qualified accountant or other relevant qualification
Good knowledge on private credit or loan products
Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg 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