Senior Fund Accountant (Waterfall Specialization)

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

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

About the Team & Business Line:

Seeking a Senior Fund Accountant (Waterfall Specialization) 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 onboarding 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.

This Specialist will serve as a Subject Management Expert and demonstrates 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

Your Role:

• 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:

• 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 waterfall calculations
• 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.

Salary Range: CAD $68,000 - CAD $86,000

- This posting is for an existing vacancy.

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.