Private Equity Accounting - AVP

Company Overview:   

Citco is a privately owned organization providing specialized services to Private Equity and Real Estate firms, hedge funds, international financial institutions and high-net worth individuals. We are the leading administrator in the alternative funds space worldwide (with over US$900 billion of assets under administration) and one of the largest corporate fiduciary and administrative services companies.   

We have over 75 years’ experience in providing administration services to a diverse group of organisations, including those in the Real Assets and Private Equity sectors. Through our global network of 60 offices in 40 countries we assist clients with their administration and reporting requirements; we set-up and (co)manage holdings, administer corporate activities, and maintain the good legal standing of their companies.   

About the Role:   

Your role will encompass the administration of and any services pursuant to Administration Agreements in respect of a portfolio of Private Equity funds working closely with the Vice President and supervising a small team of accountants.   

Job Duties in Brief:   

• Responsible for maintaining books and records and calculation of fund Net Asset Values;  
• Coordinating and reviewing financial statements and associated reports, including performance metrics for monthly/quarterly reporting;  
• Coordinate and review calculations of carried interest/performance/incentive fees;  
• Coordinate and review calculations and investor allocations for capital calls, distributions and equalizations;  
• Coordinate and review partner capital account statements;  
• Coordinate processing of payments and other transactions;  
• Supervise junior staff, reviewing and signing off on work performed;  
• Act as a primary day-to-day contact with clients and other fund participants;  
• Work closely with the Investor Relations team to respond to investor queries and disseminate capital activity and other investor notices;  
• Maintain relationships with investors, investment advisors/managers, banks and auditors and other fund participants;  
• Assist auditors and other fund participants and advisers;  
• Participate in presentations to existing and prospective clients;  
• Monitor compliance of various agreements with clients, including the Service Level Agreement;  
• Participate in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business;  
• Any other functions required as part of the business of the Company, and reporting to the Vice President.   

Qualification:   

• Master Degree in Accounting, Finance, any other professional accounting qualification (ie. CA, CPA or ACCA or equivalent)  
• Minimum of 8+ years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.  
• Knowledge of IFRS and / or USGAAP  
• Experienced in reviewing and preparing general ledger and financial statements.  
• Established knowledge in relation to accounting and consolidations under IFRS.  
• Excellent communication skills and proficiency in English (both verbal and written).  
• Motivated, bright and diligent individual who is driven to meet deadlines.  
• A team player who is able to manage individual responsibilities.  
• Supervisory skills with experience in managing and/or leading staff for 3-4 years.  
• Strong business acumen.  
• Good client/business relationship management.  
• Sound judgment, problem solving and analytical skills.  
• Proficient with Microsoft Applications (Excel, Word, PowerPoint etc).  
• User experience with enterprise accounting systems.  
• Working knowledge of Investran highly desirable.  
• Experience in Limited Partnership accounting.  
• Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return.   

Working at Citco:   

• A challenging and rewarding role in an award-winning global business.  
• Opportunities for personal and professional career development.  
• Great working environment, competitive salary and benefits, and opportunities for educational support.  
• Be part of an industry leading global team, renowned for excellence.