Fund Accounting Manager, Private Equity

About the role

MUFG Investor Services, a division of Mitsubishi UFJ Financial Group, provides fund administration, banking, payments, custody and regulatory services to public and private funds. It is hiring a Fund Accounting Manager for its Private Equity practice in Toronto, reporting to the Director, Nexus, Client Delivery. The role covers full-range fund accounting and administration for private equity clients and managing a team of Fund Accountants.

Key responsibilities

• Provide fund accounting and administration services to private equity 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 timely NAV completion.
• Review and approve fee schedules, including management and carried interest calculations, and investor allocations, custody trading documents, subscriptions, capital calls and distributions.
• 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 line with organizational controls.
• Allocate resources so that work is completed and Service Level Agreements are met, and 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, support the growth of the local office, and propose improvements to the NAV process and client reporting.
• Participate in system initiatives and projects.

Required profile

• Post-secondary education or university degree with a concentration in finance or accounting.
• At least 5 years of experience in fund administration, including managing staff such as other administrators, investment managers or fund auditors.
• In-depth understanding of fund administration, including multiple fund structures, fee calculations, financial instruments and fund offering documentation.
• Experience with team dynamics, including engagement, morale and performance management.
• Interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW, CFA or equivalent) is an asset.

Required skills

• High proficiency with Microsoft Excel (essential).
• Experience with fund accounting software (Geneva, Investran or Yardi) or working knowledge of Bloomberg is beneficial.