About Citco
JOB DESCRIPTION
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.
About The Team & Business Line
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.
Responsibilities
Your Role:
- 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; Ad hoc reports as needed.
- Review trading and operations processes for the Company’s private equity division.
Qualifications
About You:
- 8+ years public/Private Equity accounting experience.
- Skills 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
Salary Range: USD $150,000 to 220,000
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.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Citco is an Equal Opportunity Employer. It is our policy to make all employment and personnel decisions without discriminating on the basis of race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, and any other protected status
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NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties to meet the ongoing needs of the organization.
