MUFG Investor Services
Asset servicing for investment funds
Fund Accounting Manager - Private Markets
Full-Time
CA$90k - CA$132k/yr
Mid
Bachelor's
Toronto, ON, Canada
Hybrid
About the job
Requirements
- A university degree in Finance or Accounting.
- Significant experience working in the fund administration industry, including experience managing staff such as administrators, investment managers, or fund auditors.
- An in-depth understanding of the fund industry.
- Strong computer skills, including proficiency with Microsoft Office products and particularly Microsoft Excel, and willingness to adopt new technologies for efficient solutions.
- Strong knowledge of International Financial Reporting Standards, United States Generally Accepted Accounting Principles, and Singapore Generally Accepted Accounting Principles.
Responsibilities
- Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value preparation and review, custody servicing, investor record keeping, and reporting.
- Manage a team of Fund Accountants in delivering accounting and administration services to customers and train staff on all aspects of the Net Asset Value process.
- Work with banks, auditors, brokers, and custodians to ensure smooth service delivery to customers and completion of Net Asset Value processes.
- Approve fee schedules, including management fee and carried interest calculations, ensuring calculations follow applicable fund documents.
- Review and approve investor allocations for each Net Asset Value cycle, waterfall calculations and reviews, custody trading documents, subscriptions, capital calls, and distribution wires, ensuring execution follows client instructions and deadlines.
- Work with the internal Anti-Money Laundering team and administrators to ensure all Anti-Money Laundering requirements are met.
- Respond to client queries.
- Review and sign schedules, reports, and files to ensure completion in compliance with organizational controls.
- Allocate resources to ensure all work is completed and service-level agreements are met.
- Approve payment of fund expenses in applicable banking systems while ensuring controls are followed.
- Assist with preparation and review of audited financial statements and annual audits.
- Review reporting for regulatory authorities.
- Establish fund- or client-specific procedures covering all aspects of the services and ensure cross-training and coverage are in place for all client services.
- Assist with the growth of the local office.
- Develop ideas for improving the Net Asset Value process, technological improvements, and client reporting.
- Participate in multiple system initiatives and projects.
Desired Qualifications
- A professional accounting qualification or other relevant qualification.
- Knowledge of private credit or loan products.
- Experience with fund accounting software such as Geneva, Investran, or Yardi, or working knowledge of Bloomberg.
About the company
MUFG Investor Services is the asset servicing and fund-financing arm of Mitsubishi UFJ Financial Group. It supports alternative and traditional investment managers with fund administration, trade and loan operations, custody, depositary, banking, foreign exchange, regulatory services, financing and business consulting. The platform combines specialized operational teams with the financial strength and global reach of MUFG. Its clients are institutional funds and asset owners managing complex structures, not retail consumers seeking personal banking or investment advice.
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