Senior Manager, Fund Accounting Private Equity- Senior Associate Director

MUFG Investor Services•Toronto, ON

4d•CA$105,000 - CA$154,000•Onsite

About The Position

This role is for a Senior Manager, Fund Accounting Private Equity, also referred to as a Senior Associate Director. The position involves providing comprehensive fund accounting and administration services to private equity clients. Key responsibilities include NAV preparation and review, custody servicing, investor record-keeping, and reporting. The role also entails managing a team of Fund Accountants, training staff on the NAV process, and collaborating with various external parties such as banks, auditors, and custodians. A significant part of the job involves reviewing and approving fee schedules, investor allocations, capital calls, and distributions, ensuring adherence to fund documents and client instructions. The position also requires managing AML requirements, responding to client queries, reviewing financial statements and regulatory reports, establishing client-specific procedures, and contributing to the growth of the local office and process improvements. Participation in system initiatives and projects is also expected.

Requirements

Post-secondary education/University Degree with a concentration in finance or accounting.
10+ years experience working in the fund administration industry with experience managing Staff, at least 6 of those working in a Private Equity role. This can include other administrators, investment managers or fund auditors
Must be proficient with Microsoft Excel
In-depth understanding of Private Equity fund administration industry. This includes multiple fund structures, Waterfall fee calculations types and Limited Partners Agreements review.
5+ years of experience with fund accounting software

Nice To Haves

Investran would be an asset

Responsibilities

Providing full-range fund accounting and administration services to private equity clients, including NAV preparation and review, custody servicing, investor record-keeping, and reporting.
Managing a team of Fund Accountants in performing accounting and administration service delivery to customers and training staff on all aspects of the NAV process.
Working with banks, auditors, brokers, and custodians to ensure smooth service delivery to customers and completion of NAV.
Reviewing and approving fee schedules, including calculation of management and carried interest, ensuring all calculations follow applicable fund documents.
Reviewing and approving 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.
Working with both the internal AML team and administrators to ensure all AML requirements are met.
Responding to all client queries.
Reviewing and signing any schedules, reports, and files for review, ensuring they are completed in compliance with organizational controls.
Allocating resources to ensure that all work is carried out and Service Level Agreement is met.
Approving payment of fund expenses in applicable banking systems, ensuring controls are followed.
Helping with the preparation and review of audited financial statements and annual audits.
Reviewing reporting for regulatory authorities.
Establishing fund or client-specific procedures covering all aspects of our services; ensuring cross-training and cover in place for all services provided to clients.
Helping with the growth of the local office.
Creating ideas for improving the NAV process, technological improvements, and client reporting.
Participating in multiple system initiatives and projects.