Senior Manager, Fund Accounting, Private Markets / Private Debt

MUFG Investor Services•Toronto, ON

13d•CA$105,000 - CA$154,000•Hybrid

About The Position

MUFG Investor Services is seeking a Senior Manager, Fund Accounting, Private Markets / Private Debt. This role reports to the Director, Nexus, Client Delivery. The position is responsible for providing a 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. The Senior Manager will manage a team of Fund Accountants, train staff on the NAV process, and collaborate with banks, auditors, brokers, and custodians to ensure smooth service delivery and NAV completion. Key responsibilities include approving fee schedules, reviewing and approving investor allocations and waterfall calculations, processing subscription and capital call wires, and ensuring AML requirements are met. The role also involves responding to client queries, reviewing and signing off on reports and schedules for compliance, managing resource allocation to meet service level agreements, approving payment of fund expenses, assisting with the preparation and review of audited financial statements, reviewing regulatory reporting, establishing client-specific procedures, and contributing to the growth of the local office. Additionally, the Senior Manager will identify improvements for the NAV process, technological enhancements, and client reporting, and participate in system initiatives and projects. This is a new position.

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