Supervisor, Fund Accounting; Fund of Fund

Supervisor, Fund Accounting (Fund of Fund)

Toronto, ON, Canada (Hybrid)

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 Fund Accounting team, 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 support the team manager in discharging their responsibilities around completion of client deliverables, staff development and task allocation, process improvement and efficiency and profitability management.
• Oversee and prepare financial reports and profit allocation statements, including the calculation of “net asset value”, meeting client deadlines
• Act as a liaison with the client on matters relating to the preparation of the monthly reporting package
• Monitor compliance of various agreements and lead weekly/monthly calls with the clients
• Prepare monthly scorecards and KPI reporting
• Review monthly financial statements and reconciliation packages prepared by the staff and daily/monthly operational/control reporting
• Review the calculation of hedge fund specific expenses (e.g., management fees, incentive fees and other applicable fees)
• Ensure all applicable checklists are utilized and completed within established timelines
• Ensure adherence to all internal and external operating standards, procedures and best practices
• Participate in the fiscal year end audit process and provide information to auditors as required
• Lead new client on-boarding and new fund launches to successful completion
• Communicate with colleagues about administrative problems and devise plans to address them
• Keep managers abreast of all material issues affecting the NAV production process
• Train and support team members in their development
• Assist fund accounting staff to resolve day-to-day issues and contribute to performance management and evaluation efforts alongside the manager
• Contribute to effective department operations by facilitating cross training of funds across teams, coverage during high volume periods, and dispersing technical and operational knowledge to ensure adoption of best practices
• Actively provide a critical eye to the department’s processes and technology by continually seeking to improve the quality and productivity of internal processes and controls
• Actively participate in internal meetings and initiatives around operational issues and present possible solutions
• Assist with ad hoc projects

About You:

• You have aUniversity Degree in Accounting, Finance, Economics or professional accounting designation (CGA, CMA, CA, CPA or CFA).
• Experience in financial services industry and an understanding of investment strategies and financials products, particularly around hedge funds…