Manager, Fund Accounting – Private Assets

The Citco Group•Jersey City, NJ

9d•$110,000 - $172,000

About The Position

About Citco The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco. For more information about Citco, please visit www.citco.com About the Team & Business Line: Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience. As a core member of our Private Asset team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Requirements

You have 2+ years’ experience in managing a team of Fund Accountants, Senior Fund Accountants and Supervisors.
3-5 years of fund accounting experience
Knowledge of US GAAP and other comprehensive basis of accounting
Strong leadership skills and supervisory experience of other professionals
Project management skills with attention to detail and proven ability to multi-task
Bachelor’s Degree in Accounting, Finance or Economics
Strong written and verbal communication skills
Working knowledge of Excel and Word is essential, experienced user of the SunGard Investran PE accounting platform highly desirable

Nice To Haves

Knowledge of waterfall structures, modeling and calculations desirable
Experienced user of the SunGard Investran PE accounting platform highly desirable

Responsibilities

Coach, develop and train staff.
Manage client engagements
Maintain and control the general ledger and various sub-ledgers
Prepare and review financial statements, footnotes, and partner capital statements
Prepare and review limited partner and general partner allocations
Prepare and review trial balances and work paper product
Review capital activity that pertains to the funds including capital calls, distributions, rebalances and transfers
Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall claw back, and carried interest calculations
Manage and monitor the timing and quality of client deliverables
Interact with senior management and manage overall relationships for multiple clients
Provide technical accounting/industry knowledge to clients
Establish plans for new client setup and transitions
Coordinate with Operations group, Financial Statement group, Tax group and Investor Relations group
Coordinate, manage and monitor external audit process
Review private equity fund client’s partnership agreements, PPMs and other materials
Implement fund structures on accounting system
Complete ad hoc reports as needed
Be involved in any other functions required as part of the business of the Company

Benefits

Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs.
Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more.

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