Vice President, Fund Accounting - Private Assets

About Citco

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.

For more information about Citco, please visit www.citco.com

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.

As a core member of our Private Assets 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.

Your Role:

Lead and manage a team of managers and staff, providing guidance and support

Execute strategic plans to archive business objectives

Oversee resource allocation and workflow to meet client SLAs

Ensure efficient and effective daily operations

Oversee periodical Net Asset Value calculations for the Private Equity Funds, including Financial Statement preparation, trial balance review and Partner/Shareholder Allocation calculations.

Review the calculation of fund specific expenses, including admin fees, management fees, carried interest and other applicable fees

Review accounting work, capital events, other client deliverables, investor statements and reporting prepared by staff

Ensure documentation is compliant with internal and external/regulatory standards

Review private equity funds’ partnership agreements, PPMs and other materials

Ensure compliance with internal policies/procedures/best practices, external standards, and regulatory requirements

Maintain high standards of quality and accuracy in all aspects of operations

Liaise with Investor Relations, Waterfall, Tax, Financial Reporting and other Citco groups/teams globally

Act as a liaison with Clients on matters relating to Fund Accounting services, maintain overall client relationships

Ensure timely and accurate responses to client queries

Act as a liaison with external parties

Coordinate, manage and monitor external audit processes

Provide technical accounting/industry knowledge to clients

Collaborate with Client Integration team (including new client onboarding and conversions)

Collaborate with Relationship Managers to develop client service level agreements

Review operations processes for the Company’s Private Equity division

Participate in the recruitment and hiring process

Onboard new employees and ensure they are fully integrated into the team

Conduct regular meetings to communicate objectives, updates and expectations

Evaluate team performance, providing timely feedback and conducting performance reviews

Identify training needs, organize professional development plans for the team and coach them to success

Act as a liaison between the team and senior management

Facilitate effective communication within the department and other departments/groups

Forster a culture of continuous improvement and learning within the department

Participate in technology automation, procedure development, and other special projects/initiatives

Implementation of efficiency initiatives in a timely manner

Generate ad hoc reports as required

About You:

You have a University degree in Accounting, Finance, Economics or professional accounting designation (CFA, CGA, CMA, CA, CPA).

You have 8+ years public/Private Equity accounting experience.

Proven experience in leadership role, preferably as a Vice President or equivalent

Skilled in negotiation, business planning, margin analysis, rating agency relations and technical accounting

Strong knowledge of waterfall structures, modelling and calculations

Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses

Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting

Experience in reviewing and preparing general ledgers and financial statements

Ability to lead and motivate a team

Project management skills with attention to detail and proven ability to multi-task

Excellent interpersonal abilities

Strong written and verbal communication skills

Proficient in Microsoft Office (Especially Excel and Word), experienced user of the FIS Investran PE accounting platform highly desirable

Salary Range: USD $150,000 - $240,000

While this role may be posted under a different location, as part of our office transition, the successful candidate's primary work location will be " Metropark, located at 170 South Wood Avenue, 4th Floor, Iselin, NJ 08830"

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status . We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.