Senior Fund Accountant

Innocap•Montreal, QC

2d•Hybrid

About The Position

The Platform Accounting team performs critical functions to ensure accounting accuracy for the funds. The team’s core responsibilities are then to review and approve the fund administrators’ net asset valuation (NAV), review, and process invoices, manage the audit process, and foster relationships with many service providers to ensure timely and accurate information. Team members are also involved in performing project work and are expected to actively participate in the development, testing and review of Innocap' s proprietary tools. The Senior Fund Accountant, Platform Accounting, is responsible for the following functions: Review NAV calculations, management/incentive fees and expense ratios for a variety of alternative investments products. Support daily activities of the funds from the accounting team’s perspective. Act as point person for escalated queries from clients, investment managers, administrators, and counterparties. Participate in communication and project work with internal and external partners and collaborate on fund onboarding. Review valuation policies and engage with Innocap’s valuation committee and fund administrators. Participate in fund audit, including management of timelines, participating on calls, coordination with external and internal partners and review of US GAAP financial statement drafts. Review and provide feedback on fund documentation such as management agreements and partnership agreements. Coordinate fund set-up with the fund’s administrator on the calculation of fees during the drafting of fund documents and frequently monitor service level agreements. Prepare and regularly review and monitor fund budgets. Collaborate on process improvement and documentation and perform other activities as assigned.

Requirements

Bachelor’s degree in accounting or the equivalent combination of education and experience.
Desired seniority level: midlevel (minimum 4-5 years of experience).
Strong knowledge of various financial instruments and their valuation.
Experience with hedge funds with different investment structures and instrument types.
Excellent knowledge of US GAAP reporting standards.
Knowledge of various legal documents such as Offering Memorandums and Partnership Agreements.
Advanced proficiency with Microsoft 365, especially Excel and SharePoint.
Analytical, detail- and control-oriented, resourceful with proven ability to stay organized and manage work in a timely manner.
Exceptional verbal and written communication skills, with the ability to articulate information to internal and external stakeholders.
Demonstrated leadership qualities along with a proactive, positive and adaptable approach to work.

Responsibilities

Review NAV calculations, management/incentive fees and expense ratios for a variety of alternative investments products.
Support daily activities of the funds from the accounting team’s perspective.
Act as point person for escalated queries from clients, investment managers, administrators, and counterparties.
Participate in communication and project work with internal and external partners and collaborate on fund onboarding.
Review valuation policies and engage with Innocap’s valuation committee and fund administrators.
Participate in fund audit, including management of timelines, participating on calls, coordination with external and internal partners and review of US GAAP financial statement drafts.
Review and provide feedback on fund documentation such as management agreements and partnership agreements.
Coordinate fund set-up with the fund’s administrator on the calculation of fees during the drafting of fund documents and frequently monitor service level agreements.
Prepare and regularly review and monitor fund budgets.
Collaborate on process improvement and documentation and perform other activities as assigned.