Supervisor, Fund Accounting; Private Markets/Private Equity
Job Description & How to Apply Below
Position Type: Full-time
Rank: Senior Associate
Employment Type:
Permanent Full Time
About MUFG Investor Services
MUGF Investor Services is a trusted partner to many of the world’s largest public and private funds, providing asset servicing and operational solutions built for alternatives. With over $1 trillion in client assets under administration, we offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, business consulting, and more. Operating from 14 locations worldwide, we help clients mitigate risk, enhance efficiency, and navigate the operational complexities of today’s investment management landscape.
As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions with approximately $3 trillion in assets, we combine deep expertise with the strength and stability of a leading financial institution.
Responsibilities
Review financial data received from Private Equity clients and load to our internal accounting systems.
Assist with setting up, preparing and reviewing consolidations through the investment structure using various consolidation rules.
Process payment of fund expenses in applicable banking system.
Book journal entries related to cash payments and accruals.
Prepare third party reconciliations of investments and cash.
Prepare capital call and distribution calculations and notices.
Prepare fee schedules including calculation of management fees and carried interest, ensuring all calculations observe applicable fund documents.
Prepare investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
Prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
Collaborate with client, banks, auditors and other third parties to ensure smooth delivery to clients and completion of deliverables.
Qualifications
Post-secondary education/University Degree with a concentration in finance or accounting.
Some years experience working in the fund administration industry with experience managing staff, including other administrators, investment managers or fund auditors.
Must be proficient with Microsoft Excel.
In-depth understanding of fund administration industry, including multiple fund structures, fee calculations, financial instruments, and fund offering documentation review.
Professional accounting designation (CPA, ACCA, or equivalent) preferred or in progress.
Existing experience with fund accounting software Geneva, Investran or Yardi would be an asset.
Working knowledge of Bloomberg would be beneficial but not necessary.
Benefits
Hybrid working arrangement.
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