Vice President, Fund Accounting - Private Assets

The Citco Group • Jersey City, NJ

2d • $150,000 - $240,000 • Onsite

About The Position

Citco is seeking a Vice President to lead its Private Assets Fund Accounting team. Fund Administration is Citco’s core business, providing alternative asset and accounting services for complex fund structures. The successful candidate will oversee daily operations and team performance, deliver accurate and timely accounting and client services, maintain regulatory and internal compliance, and contribute to operational improvements and technology initiatives. The primary work location is Metropark, 170 South Wood Avenue, 4th Floor, Iselin, NJ 08830.

The role oversees accounting services for private equity funds, including periodic net asset value calculations, financial statements, trial balances, partner and shareholder allocations, fund-specific expenses, capital events, investor statements, and other client deliverables. It also involves client and external-party liaison, audit coordination, cross-functional collaboration, new client onboarding, process reviews, recruitment and employee development, and implementation of efficiency initiatives.

The role requires a university degree in Accounting, Finance, or Economics, or a professional accounting designation, along with 8 or more years of public or private equity accounting experience. Leadership experience and strong knowledge of private equity accounting, waterfall structures, technical accounting, and U.S. GAAP are required. The salary range is USD $150,000–$240,000. Qualifying positions may participate in an annual discretionary bonus pool. Citco offers a comprehensive benefits package, with additional details shared during hiring.

Requirements

• University degree in Accounting, Finance, or Economics, or a professional accounting designation such as CFA, CGA, CMA, CA, or CPA.
• At least 8 years of public or private equity accounting experience.
• Proven leadership experience, preferably as a Vice President or equivalent.
• Skills in negotiation, business planning, margin analysis, rating agency relations, and technical accounting.
• Strong knowledge of waterfall structures, modeling, and calculations.
• Knowledge of U.S. Generally Accepted Accounting Principles and other comprehensive bases of accounting.
• Experience reviewing and preparing general ledgers and financial statements.
• Ability to lead and motivate a team.
• Project management skills, attention to detail, and proven ability to multitask.
• Excellent interpersonal abilities and strong written and verbal communication skills.
• Proficiency in Microsoft Office, especially Excel and Word.

Nice To Haves

• Experience as a Vice President or in an equivalent leadership role.
• A highly successful record of delivering large-scale business or technology reengineering initiatives in private equity, hedge funds, and fund-of-funds businesses.
• Experience using the FIS Investran private equity accounting platform.

Responsibilities

• Lead and manage managers and staff, providing guidance and support.
• Execute strategic plans to achieve business objectives.
• Oversee resource allocation and workflow to meet client service-level agreements.
• Ensure efficient and effective daily operations.
• Oversee periodic net asset value calculations for private equity funds, including financial statement preparation, trial balance review, and partner/shareholder allocation calculations.
• Review calculations of fund-specific expenses, including administration fees, management fees, carried interest, and other applicable fees.
• Review accounting work, capital events, client deliverables, investor statements, and reporting prepared by staff.
• Ensure documentation complies with internal, external, and regulatory standards.
• Review private equity funds’ partnership agreements, private placement memoranda, and other materials.
• Ensure compliance with internal policies, procedures, best practices, external standards, and regulatory requirements.
• Maintain high standards of quality and accuracy across operations.
• Liaise with Investor Relations, Waterfall, Tax, Financial Reporting, and other Citco groups globally.
• Manage client relationships and serve as a point of contact on fund accounting matters; respond to client queries accurately and on time.
• Act as a liaison with external parties and coordinate, manage, and monitor external audits.
• Provide clients with technical accounting and industry knowledge.
• Collaborate with the Client Integration team on new client onboarding and conversions.
• Collaborate with Relationship Managers to develop client service-level agreements.
• Review operational processes for the Private Equity division.
• Participate in recruitment and hiring; onboard new employees and integrate them into the team.
• Conduct regular team meetings, communicate objectives and expectations, evaluate performance, provide feedback, and conduct performance reviews.
• Identify training needs, arrange professional development plans, and coach team members.
• Serve as a liaison between the team and senior management, and facilitate communication across departments and groups.
• Foster continuous improvement and learning within the department.
• Participate in technology automation, procedure development, and other special projects and initiatives.
• Implement efficiency initiatives in a timely manner.
• Generate ad hoc reports as required.

Benefits

• Medical, dental, and vision coverage.
• Short- and long-term disability benefits.
• Retirement savings plan.
• Tuition reimbursement.
• Mental health and wellness support.
• Parental leave.
• Annual discretionary bonus pool for qualifying positions, based on company profitability and individual contributions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior