Fund Accountant, Private Equity

At KV Capital, we have established ourselves as industry leaders in real estate debt and investment, driven by our unwavering commitment to excellent, trusted partnerships, and innovating solutions. Since our founding in 2006, we have expanded our business across three connected areas of service: real estate private equity, real estate lending, and private equity investments in real estate supply chain businesses.

Managing a robust portfolio of +$1.8 billion in funded investments, accompanied by +$1 billion in assets under management, our dedicated team of finance experts is driven by a shared goal to cultivate prosperity for our clients, investment partners, and communities. We have office locations in Edmonton, Calgary, and Toronto, and continue to expand our reach nationally.

Private Equity ("PE")
Launched in 2017, KV’s PE business invests in operating companies with strong business fundaments and clear growth catalysts. Currently, we manage investor capital across three funds. Fund I is a niche fund focused on manufacturing and distribution businesses in the RV space, currently in its exit stage. Fund II is a generalist fund focused on distribution companies in non-real estate sectors, currently in its hold stage.

Fund III is a strategic real estate-adjacent fund, targeting companies that manufacture and distribute building products, currently in deployment.

Launched in 2022, KV’s EQP business provides equity to experienced real estate developers across Western Canada. Currently, we manage investor capital across two funds, both of which invest in mid-size "build and sell" real estate projects. Fund I and II are fully committed.

Role Summary
The Fund Accountant will play a pivotal role in our private equity funds, involved in all aspects of accounting and reporting, including management and Board reporting of financial statements, investor reporting, year-end audits, cash flow forecasting, and tax reporting. Reporting directly to the CFO, you will also work closely with a third-party fund administrator. The ideal candidate will have a strong background in accounting, excellent analytical skills, a high level of attention to detail, and the ability to work effectively in a fast-paced environment.

The successful candidate will be driven, collaborative, hard-working, and eager to contribute to KV Capital’s continued success.

Responsibilities

Maintain the accounting records of the funds and their related entities by inputting financial transactions, reconciling accounts, and communicating with the third-party fund administrator as required.

Manage accounts payable for the funds, including reviewing invoices for accuracy, processing payments, and distributing remittance advices to vendors.

Perform all necessary payroll functions for the funds, including quarterly payroll for the Board of Directors, payroll deduction remittances and tax filings, and the preparation and issuance of ROEs and T4s to directors.

Prepare monthly and annual financial statements for the various funds in compliance with IFRS and ASPE.

Assist in the preparation of quarterly reporting packages for distribution to investors, creditors and the Board of Directors.

Prepare monthly cash flow forecasts for the funds, monitor cash reserve balances, and identify capital call requirements for future periods.

Assist in preparing the annual budget and quarterly reforecasts for the funds and Private Equity division by gathering information, preparing supporting schedules, and reviewing assumptions for accuracy.

Calculate portfolio and investor returns and report key return metrics to management on a quarterly basis.

Review net asset value, income allocation, and fee calculations prepared by the third-party fund administrators.

Coordinate…