Manager, Fund Accounting - Private Assets (Traditional PA)

The Citco Group • Jersey City, NJ

1d • Onsite

About The Position

The Manager, Fund Accounting leads the Private Assets team and oversees fund accounting services for private equity funds. The role is responsible for managing the team and day-to-day operations, meeting departmental and organizational goals, and delivering accurate, timely client work that complies with internal policies, external standards, and regulatory requirements.

The position oversees periodic net asset value calculations, financial statement preparation, trial balance reviews, partner and shareholder allocations, fund expenses and fees, capital events, investor statements, and other client reporting. It reviews fund documentation, coordinates audits and client onboarding or conversions, responds to client queries, and works with Citco teams and external parties. The manager also provides technical accounting and industry knowledge to clients, leads quality-control and efficiency initiatives, and supports team members through direction, mentorship, performance reviews, and training.

The successful candidate will work primarily at Citco's Metropark office at 170 South Wood Avenue, 4th Floor, Iselin, NJ 08830. The salary range is USD $110,000 to $175,000. Qualifying positions may participate in an annual discretionary bonus pool.

Requirements

• University degree in Accounting, Finance, or Economics, or a professional accounting designation such as CFA, CGA, CMA, CA, or CPA.
• At least 4 years of experience managing a team of Fund Accountants, Senior Fund Accountants, and Supervisors.
• 3–5 years of fund accounting experience in a private equity fund, private equity fund administrator, or other financial institution where financial products knowledge was gained.
• Knowledge of US or Canadian GAAP and other comprehensive bases of accounting.
• Experience reviewing and preparing general ledgers and financial statements.
• Proven experience in a managerial role.
• Strong leadership, organizational, and time-management skills.
• Strong project management skills, attention to detail, and proven ability to multitask.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office, especially Excel and Word.

Nice To Haves

• Experience using the FIS Investran private equity accounting platform.

Responsibilities

• Lead and manage the team to achieve departmental and organizational goals.
• Implement strategic plans to achieve business objectives.
• Ensure efficient and effective day-to-day operations.
• Oversee periodic net asset value calculations for private equity funds, including financial statement preparation, trial balance review, and partner or shareholder allocation calculations.
• Review calculations of fund-specific expenses, including administration fees, management fees, carried interest, and other applicable fees.
• Review accounting work, capital events, client deliverables, investor statements, and reporting prepared by staff.
• Ensure documentation complies with internal and external or 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.
• Implement and monitor quality-control procedures.
• Maintain high standards of quality and accuracy and ensure client SLAs are met.
• Liaise with Investor Relations, Waterfall, Tax, Financial Reporting, and other Citco groups and teams globally.
• Serve as a liaison with clients regarding fund accounting services and provide timely, accurate responses to client queries.
• Act as a liaison with external parties.
• Coordinate, manage, and monitor external audit processes.
• Provide technical accounting and industry knowledge to clients as needed.
• Work with the Client Integration team on new client onboarding and conversions.
• Manage and coordinate team members’ activities, providing direction, support, and mentorship.
• Conduct regular meetings to communicate objectives, updates, and expectations.
• Evaluate team performance, provide timely feedback, and conduct performance reviews.
• Identify skill gaps and training needs, and organize and facilitate training programs.
• Act as a liaison between team members and senior management.
• Encourage a proactive problem-solving culture within the team.
• Implement efficiency initiatives in a timely manner.
• Generate ad hoc reports as required.

Benefits

• Medical coverage
• Dental coverage
• Vision coverage
• Short- and long-term disability benefits
• Retirement savings plan
• Tuition reimbursement
• Mental health and wellness support
• Parental leave
• Annual discretionary bonus pool for qualifying positions, based on company profitability and individual contributions

What This Job Offers

• Job Type: Full-time
• Career Level: Manager