Vice President, Fund Accounting - Private Assets

The Citco Group Limited • Jersey City, NJ

2h • $150,000 - $240,000 • Onsite

About The Position

Citco is hiring 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 lead managers and staff, oversee fund accounting operations and client service, and support strategic, technology, and process improvement initiatives.

The role oversees periodic net asset value calculations for private equity funds, including financial statements, trial balances, partner/shareholder allocations, fund expenses, fees, capital events, investor statements, and reporting. It also reviews fund documents, ensures compliance with internal and regulatory standards, coordinates audits, and provides technical accounting and industry guidance to clients.

The Vice President will maintain client relationships, collaborate with internal teams and external parties, contribute to onboarding and service-level agreements, and manage team recruitment, integration, performance, training, and development. The primary work location is Metropark at 170 South Wood Avenue, 4th Floor, Iselin, NJ 08830. The salary range is USD $150,000–$240,000. Qualifying positions may participate in an annual discretionary bonus pool.

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, modelling, and calculations.
• Knowledge of US 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.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office, especially Excel and Word.

Nice To Haves

• A professional accounting designation such as CFA, CGA, CMA, CA, or CPA, if applying with a university degree instead.
• Experience as a Vice President or equivalent.
• A 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 a team of 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 and teams globally.
• Liaise with clients on fund accounting services and maintain client relationships.
• Ensure timely and accurate responses to client queries.
• Act as a liaison with external parties.
• Coordinate, manage, and monitor external audit processes.
• Provide technical accounting and industry knowledge to clients.
• Collaborate with the Client Integration team on new-client onboarding and conversions.
• Collaborate with Relationship Managers to develop client service-level agreements.
• Review operations processes for the Company’s Private Equity division.
• Participate in recruitment and hiring.
• Onboard new employees and support their integration into the team.
• Conduct regular meetings to communicate objectives, updates, and expectations.
• Evaluate team performance, provide timely feedback, and conduct performance reviews.
• Identify training needs, organize professional development plans, and coach team members.
• Act as a liaison between the team and senior management.
• Facilitate communication within the department and with other departments and groups.
• Foster a culture of continuous improvement and learning.
• 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 coverage
• Dental coverage
• Vision coverage
• Short- and long-term disability benefits
• Retirement savings plan
• Tuition reimbursement
• Mental health and wellness support
• Parental leave
• Potential participation in an annual discretionary bonus pool for qualifying positions

What This Job Offers

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