Manager, Fund Accounting – Private Assets

Jersey City, NJ, United States

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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.

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.

As a core member of our Private Asset team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Your Role:

• You will coach, develop and train staff.
• 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 claw back, and carried interest calculations
• Manage and monitor the timing and quality of client deliverables
• Interact with senior management and manage overall relationships for multiple clients
• Provide technical accounting/industry knowledge to clients
• Establish plans 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, PPMs and other materials
• Implement fund structures on accounting system
• Complete ad hoc reports as needed
• Be involved in any other functions required as part of the business of the Company

About You:

• You have 2+ years’ experience in managing a team of Fund Accountants, Senior Fund Accountants and Supervisors.
• 3-5 years of fund accounting experience
• Knowledge of US GAAP and other comprehensive basis of accounting
• Knowledge of waterfall structures, modeling and calculations desirable
• 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
• Bachelor’s Degree in Accounting, Finance or Economics
• Strong written and verbal communication skills
• Working knowledge of Excel and Word is essential, experienced user of the Sun Gard Investran PE accounting platform highly desirable

Salary Range: USD $110,000 – 172,000

Your well-being is of paramount importance and central to our success here cooffers 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…