Senior Manager, Fund Accounting, Private Equity

MUFG Investor Services•Tampa, FL

1d•$123,200 - $156,800•Hybrid

About The Position

MUFG Investor Services is seeking a Senior Manager, Fund Accounting, Private Equity to provide full-range fund accounting and administration services to private equity clients. This role involves managing a team, working with various financial institutions, reviewing financial documents, and ensuring compliance with organizational controls and Service Level Agreements. The position also contributes to the growth of the local office, process improvements, and system initiatives. The role will initially be remote, with a transition to in-office work once the office is established.

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, Investran would be an asset.

Nice To Haves

Investran fund accounting software experience

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.