Manager, Fund Accounting - Private Equity
Location: Toronto, ON (Hybrid)
Job Type: 6 Month Contract
Salary: $111,000 - $133,000 CAD
Position Summary:
We are seeking an experienced Manager, Fund Accounting - Private Equity to lead a team responsible for the administration and servicing of complex private equity fund structures. This role combines technical fund accounting expertise, team leadership, client service management, and operational oversight.
The successful candidate will oversee private equity fund accounting operations, financial reporting, investor allocations, carried interest calculations, fund expense reviews, and client deliverables while ensuring compliance with accounting standards, regulatory requirements, and service level agreements. This individual will play a key role in team development, process improvement, and maintaining strong client relationships.
Key Responsibilities:
Private Equity Fund Accounting
- Oversee the preparation and review of periodic Net Asset Value (NAV) calculations for private equity funds.
- Review financial statements, trial balances, investor allocations, capital activity, and fund accounting deliverables.
- Review management fees, administration fees, carried interest calculations, and other fund-specific expenses.
- Review partnership agreements, Limited Partnership Agreements (LPAs), Private Placement Memorandums (PPMs), and other governing documents.
- Ensure accounting records, fund transactions, and client reporting are completed accurately and in accordance with established deadlines.
- Review investor statements, capital call notices, distributions, and related fund reporting.
- Ensure adherence to accounting standards, internal controls, and regulatory requirements.
Client Relationship Management
- Act as a primary point of contact for clients regarding fund accounting matters.
- Provide exceptional client service and ensure timely resolution of inquiries.
- Develop and maintain strong relationships with clients, auditors, and external stakeholders.
- Provide technical accounting guidance and industry expertise to clients as needed.
- Support client onboarding, fund launches, and conversion projects.
Audit, Compliance & Controls
- Coordinate and oversee external audit processes.
- Ensure compliance with internal policies, industry best practices, and regulatory requirements.
- Implement and monitor quality control procedures across fund accounting operations.
- Maintain high standards of accuracy, completeness, and client service delivery.
- Ensure all client service level agreements (SLAs) are consistently achieved.
Team Leadership & Development
- Lead, mentor, and develop a team of Fund Accountants, Senior Fund Accountants, and Supervisors.
- Provide coaching, technical guidance, and ongoing support to team members.
- Conduct performance reviews and provide regular feedback.
- Identify training and development opportunities to strengthen team capabilities.
- Foster a collaborative, accountable, and results-driven work environment.
- Communicate departmental objectives, priorities, and organizational updates effectively.
Operational Excellence & Process Improvement
- Oversee daily operations and workflow management to ensure efficiency and accuracy.
- Drive process improvements and operational efficiencies.
- Support automation and continuous improvement initiatives.
- Participate in special projects, reporting initiatives, and business transformation efforts.
- Generate ad hoc reports and analysis as required.
Qualifications:
- Bachelor's degree in Accounting, Finance, Economics, or a related discipline.
- CPA, CA, CFA, CGA, CMA, or equivalent professional designation preferred.
- 4+ years of leadership experience managing Fund Accountants, Senior Fund Accountants, and Supervisors.
- 3-5 years of private equity fund accounting experience within a private equity fund, fund administrator, or financial services organization.
- Strong understanding of private equity fund structures, partnership accounting, and investor allocations.
- Knowledge of US GAAP and Canadian GAAP.
- Experience preparing and reviewing general ledgers, financial statements, and fund accounting records.
- Strong leadership, organizational, and time-management skills.
- Excellent analytical, problem-solving, and decision-making abilities.
- Strong written and verbal communication skills.
What You'll Get in Return:
You will have the opportunity to work with a talented team of professionals in a dynamic and supportive environment. Client is offering competitive compensation, professional development opportunities, and the chance to make a significant impact on our clients' success.
What You Need to Do Now:
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career.
This posting is for an existing vacancy with the organization.
AI may be used to screen, assess or select applicants for the position.
