Fund Accounting, Private Assets bei 244 - Fund Accounting - Private Equity

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

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.

Your Role: 

• You will maintain and control the general ledger and various sub-ledgers.
• Prepare and review financial statements, footnotes and partner capital statements
• Prepare and review limited partner and general partner allocations
• Prepare and review trial balances and work paper product
• Review capital activity that pertains to the funds including capital calls, distributions, rebalances and transfers
• Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
• Manage and monitor the timing and quality of client deliverables; overall responsibility for client relationships and meetings
• Interact with senior management and manage overall relationships for multiple clients; provide technical accounting/industry knowledge to clients
• Lead the preparation of client service plans including annual budget; establish plan for new client setup and transitions
• Coordinate with Operations group, Financial Statement group, Tax group and Investor Relations group
• Coordinate, manage and monitor external audit process
• Review private equity fund client’s partnership agreements, PPM’s and other materials
• In charge of implementation of fund structures on accounting system
• Coach, develop, train staff and continue to build out our infrastructure
• Prepare ad hoc reports as needed
• Review trading and operations processes for the Company’s private equity division
• You will provide expert application and business process support to staff worldwide in their use of Investran and other integrated applications.
• Act as the liaison between IT and functional business requests, handling both sides when necessary
• Work with Product team to identify gaps in Investran automation and prepare solutions to address any gaps identified
• Work with business teams to ensure they are using the application to the fullest extent, SME in Investran business events and AT’s
• Liaise with FIS on new functionality and ensure any new functionality is rolled out within Citco
• Setup and testing of fund structures within Investran, in order to best utilize Investran’s functionality
• Troubleshoot and resolve application, data, procedural, or technical issues and escalate to appropriate technical teams when required
• Create and enforce a robust data governance model with the use of Investran
• Organize and perform testing, preparation and assist in implementation of new modules and functionalities within Investran
• Assist with the implementation of system upgrades
• Provide assistance in the creation of training and reference materials and lead end-user education training events in core competencies
• Help identify best practices within Investran and direct the appropriate implementation
• Contribute to ongoing discussions on operational process and best practices; document and implement process improvements
• Review operations processes for the Company’s private equity division and identify opportunities for standardization and/or automation (both within and outside Investran)
• Partner with key stakeholders on the development and testing of Citco’s technology platforms
• Contribute to ongoing discussions on workflow process and best practices; document and implement process improvements
• You will focus on strategic data governance initiatives in a global multi-tenant environment to ensure that PE operations are streamlined adhering to main data principals (e.g., auditability, accountability, controls, integrity, oversight, scalability, standardization and transparency).
• Contribute to a wide range of governance domains, working to institutionalize data processes and controls
• Help identify and model process automations
• Drive change through thought leadership by introducing innovation and transformation to existing processes and functions
• Collaborate with Accounting, Investor Relations, Tax and Financial Reporting teams to evolve existing standards (e.g., reporting, fund structures, financial activity, etc.).
• Work with IT to create business requirements, test scripts and training material for new products
• Play an integral role in the company’s evolving digital transformation and contribute to the development of advanced bespoke solutions
• Focus on vendor platform functional enhancements and upgrades (from the business side)
• Act as an SME for FIS Investran and other Private Equity platforms facilitating support and high priority business initiatives

About You:

• You have 8+ years public/Private Equity accounting experience.
• Skilled in negotiation, business planning and budgeting, margin analysis, rating agency relations and technical accounting
• Strong knowledge of waterfall structures, modeling and calculations
• Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses
• Some knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting
• Experience in reviewing and preparing general ledgers and financial statements
• Strong leadership skills and supervisory experience of other professionals
• Project management skills with attention to detail and proven ability to multi-task
• Strong written and verbal communication skills
• Advanced computer skills (Microsoft Excel)
• Bachelor’s Degree in Accounting, Finance or Economics
• CPA designation a plus
• You have 8+ years Private Equity operations experience.
• In-depth understanding of Private Equity accounting
• Advanced knowledge of FIS Investran platform
• Strong knowledge of PE events (e.g., Partner Transfer, Equity Pickup, Subsequent Close, Capital Allocations, Valuation)
• Strong knowledge of PE fund structures and are able to model a fund setup based on LPA along with reporting requirements
• Strong knowledge of Private Equity reporting
• Strong leadership skills and supervisory experience of other professionals
• Project management skills with attention to detail and proven ability to multi-task
• Strong written and verbal communication skills
• Advanced MS Excel skills
• Able to work independently as well as collaborate with colleagues on complex projects in a fast paced environment
• Ideally have experience in Private Equity professional services or consulting organizations
• Ideally have strong understanding of Data Management
• Ideally have good understanding of fundamental IT concepts
• You have 8+ years public/Private Equity accounting experience.
• Strong knowledge of waterfall structures, modelling and calculations
• Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity and fund of funds businesses
• Some knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting
• Strong leadership skills and supervisory experience of other professionals
• Project management skills with attention to detail and proven ability to multi-task
• Strong written and verbal communication skills
• Ability to identify and evaluate technologies
• Ability to quickly learn and apply new technologies
• Advanced computer skills (Microsoft Excel and Investran)

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know. 

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.