Manager, Private Equity

Apex Group Ltd•Mississauga, ON

1d•CA$130,000 - CA$145,000•Hybrid

About The Position

The Manager, Private Equity will work as part of a team servicing clients, will have direct communication, and will work towards becoming an extension to the client’s finance organization. The role involves fund and investor accounting, cash forecasting and budgeting, and portfolio accounting. The company, Apex Group, established in Bermuda in 2003, is a global fund administration and middle office solutions provider with over 13,000 employees worldwide. They focus on empowering employees and fostering a positive, disruptive culture.

Requirements

Bachelor’s degree in Accounting/Finance required
8-11 years of professional experience (A mix of private and audit preferred)
Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience)
CPA Preferred
Strong Fund and Partner accounting knowledge
Credit funds exposure
Portfolio accounting, complex investment structures preferred
Supervisory experience
Strong written and verbal communication skills
Highly motivated with ability to multitask
Experience in fund accounting with a focus on private equity experience
Knowledge with LPA or other governing documents
Experience with waterfall calculations
Basic knowledge of Level 3 valuation methodologies
Experience with audit process, including internal control and test of details
Knowledge of US GAAP with an emphasis on investment partnerships

Responsibilities

Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
Review fund reimbursable expenses.
Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
Prepare fund financial statements with footnotes and supporting schedules.
Prepare partner allocations and capital account statements.
Understand/review of LPAs, purchase/sales agreement, side letters, etc.
Coordinate and support the audit for both SSAE 16 audit and fund audit.
Support the tax team with information to prepare tax compliance/reports.
Assist with other regulatory reporting.
Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).
Responsible for bank and brokerage reconciliations.
Assist with Ad hoc financial analysis for client.
Assist with credit facility drawdowns for the fund.
Coordinate with investor services team.
Track portfolio company transactions (purchases, income, liquidity).
Understand complex investment structures (hold co's blockers, tax withholding, etc.).
Calculate investment IRR.
Accounting for holding companies and blocker entities.