Senior Fund Accountant, Real Estate

Location: Citco - Toronto, Canada
Job Code: 809
# of openings: 2


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 Real Estate Investment Fund Services (REIF) is a business line within Citco Fund Services which provides quality corporate and administration services to many of the world’s largest real estate funds and investors. Our dedicated real estate team has developed a unique vertical and horizontal “360Ëš” administration services approach, covering the administration of the fund itself but also the administration of intermediary holding companies and property owning companies, across all regions, resulting in a seamless administration of all levels of the fund.


Position Purpose


The Senior Fund Accountant is responsible for providing clients with accurate and timely accounting services in line with clients’ business needs, Citco procedures, applicable accounting standards and compliance with relevant regulatory authorities, to meet the client service agreements.


Main Job Functions/Responsibilities


  • Accounting and Analysis
  • Maintain and control the general ledger and various sub-ledgers
  • Prepare financial statements, footnotes and partner capital statements
  • Prepare limited partner and general partner allocations
  • Prepare trial balances and work paper product
  • Process standard and complex bookkeeping entries
  • Involved within a full scope of transaction activities including full cycle accounting
  • Prepare financial data analysis
  • Monitor the timing and quality of client deliverables
  • Interact with Management and Clients
  • Review private equity fund client’s partnership agreements, PPM’s and other materials
  • Participate in the implementation of fund structures onto the accounting system
  • Monitor compliance of various agreements with clients, including the Service Level Agreement
  • Train and support team members in their development
  • Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
  • Act as a liaison with various internal /external parties – i.e. auditors, legal counsel
  • Assist in client audit procedures
  • Process wire transfer payments on behalf of clients
  • Prepare and analyze complex Excel spreadsheets
  • Liaise with property management companies



Education, Qualifications and Experience


  • Bachelor’s degree in accounting
  • Designated accountant or working towards CPA designation
  • 3+ years of public/private real estate accounting work experience
  • Experience in reviewing and preparing general ledgers and financial statements
  • Knowledge of IFRS and US GAAP
  • Excellent communication skills and proficiency in English (both verbal and written)
  • Motivated, bright and diligent individual who is driven to meet deadlines
  • A team player who is able to manage individual responsibilities
  • Sound judgment, problem solving and analytical skills
  • Advanced level MS Excel
  • Proficient with MS Word, MS PowerPoint
  • Knowledge of MRI, Yardi, or Investran a plus
  • Experience in Limited Partnership accounting a plus
  • Private equity/real estate fund administration experience a plus
  • Knowledge of REIT structures and testing a plus
  • Performance Reporting – NCREIF and GIPS(AIMR)


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


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