Vice president Private Equity Fund Accounting
Citco Group of Companies
Luxembourg , Luxembourg
il y a 5j

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with more than 7,000 staff across 80 offices worldwide.

With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

About the Team & Business Line :

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industries 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, 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.

Job Duties in Brief :

Client Service

  • You will have overall responsibility for client relationships
  • You will negotiate Service Level Agreements (SLA) with clients
  • You will monitor service levels, open action items, prepare and present a quarterly Service Review pack
  • You will identify any drift in scope of services and assess impact on overall profitability
  • You will understand other Citco products and services and identify opportunities for Citco to meet client needs
  • You will coordinate with internal stakeholders from various lines of business and support teams
  • You will facilitate overview of Citco systems, processes and sample reports for new clients
  • Operations

  • You will assist in the coordination of new business on-boarding and work closely with the onboarding team
  • You will review fund launch documents and familiarise yourself with the Private Placement, Memorandum, Limited Partnership Agreement (LPA) and other key documents
  • You will propose and implement fund structure setup on the system platform(s)
  • You will calculate resource requirements and monitor variances between budget and actual
  • You will oversee the preparation of monthly / quarterly reporting package and working papers
  • You will oversee the preparation of capital calls, distributions, partner transfers and ensure they are in line with the LPA
  • You will oversee the preparation of and review equalisation workings, carried interest and clawback calculations and ensure they are in line with the LPA
  • You will oversee the partners’ allocations, allocation rules and ensure they are in line with the LPA
  • You will oversee the preparation and review the financial statements, notes to financial statements and the partners’ capital account statements
  • You will liaise with clients and assist them on accounting and administrative issues and relevant developments
  • You will ensure adherence to relevant accounting standards
  • You will coordinate, manage and monitor external audit process
  • You will perform regular client risk assessments, create action plans and monitor progress
  • You will authorize funds’ payments using various online banking platforms
  • You will review monthly accruals, billing and variance against budget
  • You will perform regular review of existing processes within the team and ensure adherence to the policies and procedures, best practices, SOC 1 controls
  • You will document and review existing processes, suggest and implement improvements
  • You will ensure that changes to systems, processes and procedures are implemented within the team
  • You will track, report and escalate issues in accordance with established risk frameworks
  • Team Management

  • You will oversee a team of 8-12 staff
  • You will review the work of team members and provide feedback
  • You will monitor and track team performance in order to meet clients’ SLA and achieve financial targets
  • You will plan resources in line with business demands, participate in recruitment and selection process
  • You will identify training needs, lead, coach and develop staff
  • You will set goals, provide regular feedback and appraise employees within the team
  • You will implement training initiatives
  • About You :

  • You will have a bachelor or Masters Degree in Accounting, Finance, Business and / or studying for a professional accounting qualification (ie.
  • CA, CPA or ACCA or its equivalent)

  • You will have minimum 8 years’ experience in fund administration , accounting or audit (with at least 4 years of experience in Private Equity)
  • You will have knowledge of IFRS and / or USGAAP
  • You will have strong Supervisory skills with experience in managing and / or leading staff for 4 years.
  • You will have strong client relationship management skills with proven ability to provide high quality service and manage difficult relationships.
  • You will have project management skills and proven ability to effect change
  • You will have the ability to work under pressure in a highly demanding environment
  • You will be proficient in Microsoft applications (Word , Excel , Powerpoint)
  • You will be proficient in Investran is highly desirable (or other similar private equity sytems , eg. eFront)
  • You will be proficient in spoken and written Mandarin is highly desirable (but not a necessity)
  • Our Benefits

    Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs.

    Ask us about specific benefits in your location.

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