Vice President, Fund Accounting - Toronto, Canada - Citco

Citco

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Vice President, Fund Accounting - Real Assets

Toronto, Canada

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide.

With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients' needs.

About the Team & Business Line:

Fund Administration is Citco's core business, and our alternative asset and accounting service is one of the industry's most respected.

Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Real Assets team, you will be working with some of the industry's most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Your
Role:

The Vice President is responsible for ensuring that real asset funds and real asset fund managers are provided with accurate and timely accounting services.

In addition, the Vice President shall manage client relationships in line with client Service Level Agreements, Citco procedures and applicable accounting standards, while also maintaining a focus on training and development of staff, work flow processes and improvements.

Accounting:

Review Quarterly/Monthly reports and working papers, which include:
Cash and Position Reconciliations
Expense Accruals
Agree Dividends and Interest Accruals if applicable
Review all capital activity pertaining to the funds (Capital Call and Distribution processing)
Review Limited Partner and General partners/Shareholder Allocation; calculations/schedules includes review of Admin/Management fees/Waterfall/Clawback calculations
Trial balances and related working papers
Financial statements, footnotes and Partner Capital Statements

Operations:

Overall responsibility for client relationships, inquiries and meetings
Interact with Senior Management and clients
Review procedures and recommend solutions in order to improve efficiencies
Ensure adherence to all internal and external audit standards
Coordinate, manage and monitor external audit process
Liaise with clients and assist them on accounting and administrative issues and relevant developments
Provide technical accounting/industry knowledge to clients
Review client partnership agreements, PPM's and other materials
Implementation of fund structures onto accounting system
Preparation of client service plans including annual budget
Liaising with property management companies

Team Management:

Review the work of team members and provide feedback for improvement in order to guarantee timely delivery and quality of work
Monitor and track team performance and profitability in order to meet the client service level agreements and achieve financial targets
Plan resources in line with business demands, participate in the recruitment and selection process, lead, coach, develop and appraise employees within the team
Establish plan for new client setup and transitions
Keep Senior Management abreast of all material issues affecting the processing of deliverables
Ad Hoc Reports requests and operations metrics as required by management
Implement training initiatives

About You:

You have a Bachelor or Master level degree (in accounting, finance, economics).
Professional accounting designation required
7+ years public/private accounting experience
5+ years real estate and/or private equity experience
Knowledge and experience in GAAP and IFRS required
Experience with fair value reporting for real estate investments and debt obligations
Knowledge of Real Estate and Private Equity Fund Accounting
Strong leadership skills and supervisory experience of other professionals
Strong written and verbal communication skills
Knowledge of REIT structures and testing
Experience in Performance Reporting
NCREIF and GIPS(AIMR)
Project management skills with attention to detail and proven ability to multitask
Knowledge and experience in real estate/private equity accounting systems (Yardi, MRI, Investran, etc.) is preferred
Advanced computer skills (Microsoft Excel)

Our Benefits
Your well-being is of paramount importance to us, and central to our success.

We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs.

Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.