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Fund Services.Vice President

  • Job
    Full-time
    Senior Level
  • Accounting & Tax

AI generated summary

  • You need 8+ years in PE accounting, strong negotiation and budgeting skills, knowledge of waterfall structures, leadership and project management experience, and advanced Excel proficiency. CPA preferred.
  • You will manage financial statements, review allocations and capital activities, oversee client relationships, coordinate audits, and lead staff development and training.

Requirements

  • 8+ years public/Private Equity accounting experience.
  • Skilled in negotiation, business planning and budgeting, margin analysis, rating agency relations and technical accounting
  • Strong knowledge of waterfall structures, modeling and calculations
  • Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses
  • Some knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting
  • 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
  • Strong written and verbal communication skills
  • Advanced computer skills (Microsoft Excel)
  • Bachelor’s degree in Accounting, Finance or Economics
  • CPA designation a plus

Responsibilities

  • 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 clawback, and carried interest calculations
  • Manage and monitor the timing and quality of client deliverables, overall responsibility for client relationships and meetings
  • Interact with senior management and manage overall relationships for multiple clients; provide technical accounting/industry knowledge to clients
  • Lead the preparation of client service plans including annual budget; establish plan 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, PPM’s and other materials
  • In charge of implementation of fund structures on accounting system
  • Coach, develop, train staff and continue to build out our infrastructure
  • Prepare ad hoc reports as needed
  • Review trading and operations processes for the Company’s private equity division

FAQs

What is the job title for this position?

The job title is Fund Services Vice President.

What is the primary focus of the Citco group of companies?

The primary focus of the Citco group of companies is to provide asset-servicing solutions to the global alternative investment industry.

What experience is required for this position?

A minimum of 8+ years of public or private equity accounting experience is required for this position.

What educational background is preferred for candidates?

A Bachelor's degree in Accounting, Finance, or Economics is preferred, and a CPA designation is a plus.

What specific skills are necessary for this role?

Necessary skills include strong knowledge of waterfall structures, project management skills, leadership experience, and advanced computer skills, particularly in Microsoft Excel.

Is there a training and support system for employees?

Yes, we provide a range of training and education support to help employees achieve success in their careers.

Are there any specific benefits for employees?

Yes, we offer a range of benefits, flexible working arrangements, and prioritize diversity and inclusion.

Does Citco accommodate candidates with disabilities?

Yes, Citco welcomes and encourages applications from people with disabilities and provides accommodations upon request for candidates during the selection process.

What does the role entail regarding client relationships?

The role includes managing overall client relationships, ensuring the timing and quality of deliverables, and leading client service plans.

What departments will the Vice President coordinate with?

The Vice President will coordinate with the Operations group, Financial Statement group, Tax group, and Investor Relations group.

The Citco group of companies provides a broad range of financial services for hedge funds, administration, PE & more.

Finance
Industry
5001-10,000
Employees

Mission & Purpose

The Citco Group Limited is a company specialising in financial services, with a particular focus on fund administration, corporate services, and related financial solutions. The company's core activities include assisting clients in managing and administering investment funds, as well as providing corporate and fiduciary services to businesses. Citco's ultimate goal is to be a trusted partner for their clients in navigating the complexities of the financial industry, offering expert support in fund management and corporate services. Their purpose revolves around delivering high-quality, tailored financial solutions that enable clients to succeed in a competitive market, manage their assets efficiently, and meet regulatory requirements. Through their services, Citco aims to facilitate the growth and success of businesses and investment funds.