Account Manager - Private Equity

Location: Citco - Jersey City, NJ, USA
Job Code: 2507
# of openings: 1

Description

 

Company Overview

                    The Citco Fund Services companies are the world's pre-eminent fund administrators and have over 35 years experience in the provision of administration and other services to their alternative asset clients, many of  whom are leading names in the industry.  Citco Fund Services is a division of the Citco Group of Companies and is the largest independent global administrator.

                    Citco Fund Services draws upon a global team of more than 3,000 experienced, knowledgeable and highly trained staff to ensure that each client is supported appropriately and service quality standards are not only met, but consistently exceeded.  We recognize the importance of our staff through career development initiatives and extensive training programs to ensure staff are equipped to handle the complexities of alternative asset managers and investors.  Citco Fund Services companies have consistently been ranked "Best in Class" and "Top-Rated" across all locations in recognized industry surveys.

Citco Fund Services (USA) Inc., with principal offices located in Jersey City, NJ, has established itself as the market leader in alternative asset administration. We offer a complete range of accounting, middle office, tax, investor relations, and corporate services.

Position Purpose

The Account Manager must demonstrate leadership skills in coaching, motivating team members and dealing with client and counterparts in other groups. In addition, the Account Manager will review accounting work and reconciliation packages prepared by staff. This person will also review work to ensure reasonability of all matters affecting the NAV, classification of assets and liabilities, and capital transactions.

Main Job Functions/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, 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
  • Interact with senior management and manage overall relationships for multiple clients
  • Provide technical accounting/industry knowledge to clients
  • 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, PPMs and other materials
  • Implementation of fund structures on accounting system
  • Ad hoc reports as needed

 

 

 

Education, Qualifications and Experience

  • 4+ years experience in managing a team of Fund Accountants, Senior Fund Accountants and Supervisors
  • 3-5 years of fund accounting experience in either a Private Equity Fund, Private Equity Fund Administrator, or other financial institution where the accountant has gained financial products knowledge
  • Knowledge of US GAAP 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
  • Bachelor’s degree in Accounting, Finance, or Economics
  • Strong written and verbal communication skills
  • Working knowledge of Excel and Word essential, experienced user of the SunGard Investran PE accounting platform highly desirable.

Key Competencies

  • Technical Knowledge and Commercial Acumen
  • Quality and Risk Management
  • Decision-Making
  • Client Service
  • Communication
  • Teamwork
  • Coaching
  • Drive for Results
  • Adaptability

We offer you: a challenging job in an international company. There is the opportunity to expand your business knowledge with excellent prospects for a further international career in one of our worldwide offices. We also offer a competitive benefit package including 100% paid medical and dental, a minimum of 3 weeks vacation and a generous compensation package.  

 

We are an Equal Opportunity Employer

 

 

NOTE:  This job description is not intended to be all-inclusive. Employees may perform other related duties to meet the ongoing needs of the organization.

 





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