Private Equity Manager, Fund Accounting - Toronto, Canada - Pinnacle Fund Services

Pinnacle Fund Services

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Private Equity Manager

Company description

Job description

As a Manager in the Private Equity Team you will be responsible for leading the relationship of a portfolio of private equity clients, responsible for reviewing client NAVs and contributing to the overall management of Pinnacle through active participation within the Management Team.

You will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.

We are seeking strong team players, outgoing individuals, who possess a strong work ethic and can take initiative in a growing entrepreneurial company.

If you have prior private equity fund administration management experience or experience in the fund industry and want to further grow your career in Fund Administration, this role is for you.

Responsibilities

Management of a portfolio of client relationships
Reviewing and approving net asset valuations performed by fund accountants prior to release to clients and investors, which includes:
Reviewing capital activity such as capital calls & distributions
Reviewing the general ledger
Reviewing cash activity and cash reconciliations
Reviewing income and expenses, including management and performance fees and ensuring they are accrued for and are in accordance with relevant accounting standards
Reviewing Investor Statements and contract notes
Reviewing pricing information provided by clients for Level 3 investments
Reviewing financial statements
Managing yearend audits/tax reporting with clients' and independent auditors and ensuring fieldwork is completed on schedule
Actively manages staff's time and workload effectively ensuring both internal and external deadlines are met
Ability to manage their own time and workload effectively to ensure both internal and external deadlines are met
Actively manages client request's and ensures staff are responding to queries in a timely and professional manner
Ability to prioritize multiple client requests and determine which require escalating to Senior Management
Coordinates with all relevant teams internally (e.g. Tax, Investor Services) to ensure processes and workflows are aligned to meet client needs
Ensuring all processes and output are consistent with Pinnacle's policies and procedures and that Pinnacle's control environment is maintained
Identifies and implements solutions to improve processes, communication, efficiency, workflow, etc.
Provides technical accounting/industry knowledge to clients
Provides ample time to coach, develop and train junior staff
Perform performance appraisals for staff and aid in their ongoing development and goal setting

Desired skills and experience

Prior experience in the fund industry of at least 35 years is required
Prior experience in a managing role of at least 1 year managing client relationships, deliverables and communication Indepth knowledge of closed ended funds desired but not required
Accounting designation required
Strong knowledge of accounting concepts
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