Senior Manager, Fund Accounting, Private Markets / Private Debt

MUFG Investor Services•Toronto, ON

4d•CA$105,000 - CA$154,000•Onsite

About The Position

MUFG Investor Services is seeking a Senior Manager, Fund Accounting, Private Markets / Private Debt to provide the full range of fund accounting and administration services to private equity fund clients. This role involves managing a team of Fund Accountants, ensuring smooth service delivery to customers, and overseeing critical processes such as Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping, and reporting. The Senior Manager will also be responsible for approving fee schedules, investor allocations, and payment of fund expenses, ensuring compliance with organizational controls and service level agreements. Additionally, this position will contribute to the growth of the local office, drive improvements in the NAV process and client reporting, and participate in system initiatives and projects. This is a new position within the organization.

Requirements

Post-secondary education/University Degree with a concentration in finance or accounting.
Demonstrable experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
In-depth understanding of the private equity fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
High proficiency with Microsoft Excel is an essential requirement for this role.

Nice To Haves

Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficial
Completion or interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW, CFA (or equivalent) an asset

Responsibilities

Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting
Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
Work with banks, auditors, brokers and custodians to ensure smooth service delivery to customers and completion of NAV
Approve fee schedules including calculation of management and carried interest, ensuring all calculations follow applicable fund documents
Review and approve 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
Work with both the internal AML team, and the administrators, ensuring all AML requirements are met
Respond to all client queries
Review and sign any schedules, reports and files for review ensuring they are completed in compliance with organization controls
Resource Allocation to ensure that all work is carried out and Service level agreement met
Approve payment of fund expenses in applicable banking systems, ensuring controls are followed
Help with preparation and review of audited financial statements and annual audit
Review reporting for the regulatory authorities
Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
Help with the growth of the local office
Create ideas for improving the NAV process, technological improvements and client reporting
Participate in multiple system initiatives and projects