Fund Accountant

Job Description

As a Fund Accountant, you will be responsible for supporting the NAV production process for a private equity client portfolio working closely with Senior Fund Accountants and Management. As part of the Private Equity Team, you will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.

We are looking for proactive team players with a strong work ethic to join our growing entrepreneurial company. Candidates with prior experience in Fund Administration or the fund industry will find this role particularly appealing as it presents a significant opportunity for career advancement with Fund Administration. This position offers an exciting pathway for professional development.

Responsibilities

• Assisting with the preparation of net asset value calculations on a timely basis, which includes:
  • Recording capital activity such as capital calls & distributions
  • Recording cash activity and performing cash reconciliations
  • Pricing portfolios in accordance with funds’ offering documents
  • Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
• Preparing Investor Statements and contract notes
• Supporting preparation of financial statements
• Supporting year-end audit and tax reporting requests
• Supporting responses to ad-hoc reporting requests as required by clients
• Process cash transactions - including but not limited to posting of GL entries, investment purchases/sales and corporate actions
• Review of investment supporting documentation to ensure accuracy of booking
• Refresh NAV Workbook after each cash transaction and resolve any discrepancies
• Prepare and reconcile income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards
• Refresh Financial Statements and resolve any discrepancies
• Upload Fund Pricing schedules
• Run NAV reporting packages
• Refresh Tax & AWP workbooks
• Enter Capital calls & distributions
• Prepare investor notices
• Interacting with clients - assisting with any questions, ad hoc requests and providing support
• Assisting in yearend Audits and liaising with Audit and Tax providers
• Coordinating with Investor Services team on counterparts update, investor/client requests
• Collaborate with internal and external parties to meet client requirements and address investor inquiries
• Updating Wrike daily to ensure status of work is up to date to ensure deadlines are met
• Support in SOC Audit and providing supporting documentation for samples
• Documenting procedures on funds
• Preparing sub close calculations including equalization and equalization interest on an investor per investor basis
• Provide Cash Management Services for distribution and any fund expenses
• Perform Waterfall/carried interest calculations

Desired Skills And Experience

• Prior fund accounting experience is desired, but not required
• Understanding of closed-ended funds is desired, but not required
• Accounting designation desired but not required
• Strong knowledge of Microsoft Excel
• Solid interpersonal and communication skills
• Strong organizational skills
• Ability to handle multiple demands, competing priorities, and constant change
• Ability to allocate time effectively and manage tight deadlines
• Prior experience with PFS-Paxus is desired, but not required
• Ability to manage own time and workload effectively ensuring both internal and external deadlines are met

Benefits

• Extended Health Benefits
• RRSP Employer Match Program
• Annual discretionary bonus
• Educational Support
• Work-Life Balance
• Remote Firm, with some in-office days with purpose (learn, build relationships, collaborate & socialize)
• Exposure to all aspects of the business

Equal Opportunity

We are committed to creating a diverse and inclusive workplace and welcome applications from all qualified individuals, regardless of race, ethnicity, gender, sexual orientation, age, disability, religion, or any other protected status. We believe a diverse workplace is essential for driving innovation and achieving success, and we strive to provide equal opportunities for all employees.