Fund Accounting Manager - Private Markets

About the role

MUFG Investor Services, which provides asset servicing solutions to the global investment management industry, is hiring a Fund Accounting Manager for its Private Markets business in Toronto. Reporting to the Director, Nexus, Client Delivery, the manager delivers fund accounting and administration services to private equity fund clients and manages a team of Fund Accountants. The position is listed as existing and hybrid.

Key responsibilities

• Provide fund accounting and administration services to private equity fund clients, including NAV preparation and review, custody servicing, investor record keeping and reporting.
• Manage a team of Fund Accountants and train them on all aspects of the NAV process.
• Work with banks, auditors, brokers and custodians to ensure smooth service delivery and completion of NAV.
• Approve fee schedules, including management and carried interest calculations, in line with fund documents.
• Review and approve investor allocations, waterfall calculations, custody trading documents, subscription and capital call/distribution wires.
• Ensure AML requirements are met with the internal AML team and administrators.
• Respond to client queries and review and sign schedules, reports and files in compliance with organisation controls.
• Approve payment of fund expenses, help prepare and review audited financial statements and annual audits, and review regulatory reporting.
• Establish fund or client-specific procedures, ensure cross-training and cover, and help grow the local office.
• Propose improvements to the NAV process and client reporting, and take part in system initiatives and projects.

Required profile

• University degree in Finance or Accounting.
• Significant years of experience in fund administration, including managing staff such as other administrators, investment managers or fund auditors.
• In-depth understanding of the fund industry.
• Preferred: qualified accountant or other relevant qualification, and good knowledge of private credit or loan products.

Required skills

• Strong computer skills, with proficiency in Microsoft Excel and willingness to adopt new technologies.
• Knowledge of IFRS, US GAAP and Singapore GAAP.
• Preferred: fund accounting software such as Geneva, Investran or Yardi, or working knowledge of Bloomberg.

What we offer

• Attractive compensation package with base salary.
• Group medical insurance and group pension scheme.
• Reimbursement of professional subscriptions, paid holidays and assistance with gym memberships.