27 Jan
FusionTechOps
Toronto
Job Description
One of our fastest growing Financial Services clients is looking to hire a Fund Accountant in Private Equity team for their Client Operations department. Reporting to the Associate Director of Client Operations, this is a unique opportunity to join a dynamic, fast-growing company in Financial Services.
This role is available in Toronto, ON as well as Halifax, NS.
You Will:
- Provide a full range of fund accounting services to private equity clients, including NAV preparation, booking accruals, security pricing, performing cash and security position reconciliations.
- Prepare pricing of portfolios ensuring all holdings are priced observing the applicable fund documents and valuation policies.
- Prepare capital call,
distribution calculation and allocation.
- Prepare fee schedules including calculation of management fee and waterfall, ensuring all calculations observe applicable fund documents.
- Prepare Investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L; is allocated correctly.
- Prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
- Complete other ad hoc requests and projects.
- Communicate with internal MUFG teams and external clients, ensuring all deliverables and requests are met.
- Prepare/Assist with audited Financial Statements, audit assistance, and other regulatory services, as applicable.
Qualifications
- University degree/Professional designation such as ACCA, CPA, CMA, etc will be considered as an asset.
- Proficiency with Microsoft Excel.
- Prior fund accounting experience is desired, but not required.
- Hands on experience booking journal entries into Investran.
- Familiarity with accrual calculations using straight line/ rates/ expensing/ prepaids.
- Hands on experience reconciling cash and resolving discrepancies in a timely manner.
- Understanding how to read and create a Trial Balance report.
- Knowledge on how to prepare NAV.
- Good to have - some familiarity with Fund Structures.
- Good to have - assist in annual audits.
- Familiarity with Private Debt, Private Credit, Fund of Fund, derivatives.
- Basic understanding of different Fund Structures.
- Familiarity understanding of Financial Statement Preparation using US GAAP and IFRS.
- Familiarity with Investran to create and run reports, customize reports, loaders.
- Knowledge on how to prepare Carried Interest calculations based on LPA.
- Knowledge on how to prepare calculations for accruals based on tiers and side letters.
- Knowledge on how to prepare NAV, trade activity reconciliation and reporting, valuation, liquidity reporting
If you meet more than 75% criteria of the above qualifications, we recommend you to apply.
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