Private Equity Manager, Global Waterfall Support

Private Equity Manager, Global Waterfall Support

About Citco

Since the 1940s Citco has provided specialist financial services to alternative investment funds, investors, multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service.

Our continuous investment in learning means our people are among the best in the industry and our corporate social responsibility programs provide meaningful and fulfilling work in the community.

A career at Citco isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.

About the Role:

The Private Equity / Real Assets Fund Services group is seeking a Waterfall Specialist to join the PE/RE Waterfall and Onboarding Team. This specialized team of professionals are subject matter experts on all aspects of distribution waterfall calculations, supporting Citco’s global fund accounting teams across multiple offices and lines of business.

This is a client facing role that requires the ability to synthesize complex and bespoke legal agreements into standardized calculation models, as well as communicate the results and calculation methodologies behind those models in an efficient and precise manner. The Waterfall Specialist will be responsible for the on-boarding of new and existing clients to Citco Waterfall, Citco’s proprietary waterfall calculation engine, and supporting the application as enhancements and development are required. Additionally, the Waterfall Specialist will serve as a primary point of contact for Citco’s global client base in regards to industry standards, best practices, and carried interest calculation methodologies.

The Waterfall Specialist will demonstrate leadership skills in coaching, motivating team members and dealing with clients and counterparts in other groups. The successful person will be expected to learn and develop expertise in all aspects of the waterfall and on-boarding process, system configuration, and fund accounting, as well as participate in firm-wide initiatives and thought leadership

Job Duties in Brief:

• Read and understand Limited Partnership and side-letter agreements, specifically the distribution waterfall provisions contained therein
• Function as a Subject Matter Expert in relation to all aspects of distribution waterfall calculations across multiple investment strategies and structures
• Fully document the calculation requirements associated with a fund’s distribution waterfall calculations, inclusive of specific Limited Partner provisions, to support the on-boarding of funds to Citco’s waterfall calculation models
• On-board funds to Citco Waterfall, Citco’s proprietary calculation engine (inclusive of on-boarding waterfall structures, calculation methodologies, Limited Partner waterfall terms, and mapping to source-system accounting data.)
• Where necessary, complete the analysis, design, setup & testing of build Excel-based calculation models based on the relevant fund documentation and source-system accounting data
• Support Citco’s global Fund Accounting teams in relation to hypothetical and realized waterfall calculations, as well as audit support and ad-hoc requests
• Work with Citco’s dedicated development staff to provide business requirements and support in relation to modifications and enhancements to Citco Waterfall
• Where necessary, participate in the Business Development process to facilitate demos of Citco’s waterfall technology, as well as establishing Citco’s expertise in relation to waterfall calculations
• Coordinate with all relevant teams to ensure internal workflows will meet client needs and regulatory controls.
• Coordinate with both internal and external stakeholders to ensure all necessary data is captured and migrated for client reporting and calculation models.
• Contribute to on-going discussions on operational process and best practices; document and implement process improvements.
• Maintain a pro-active customer focus at all times.

About You:

• 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/Canadian 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.

What We Offer:

• A challenging and rewarding role in an award-winning global business.
• Opportunities for personal and professional career development.
• Great working environment, competitive salary and benefits.
• Be part of an industry leading global team, renowned for excellence.

Confidentiality Assured.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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