Full-Time

Manager – Fund Accounting / Senior Fund Accountant

Posted on 7/29/2024

Sagard

Sagard

11-50 employees

Investment fund for midsized company development

Venture Capital
Financial Services

Mid, Senior

Montreal, QC, Canada

Category
Financial Accounting
Management Accounting
Accounting
Requirements
  • 3 - 6 years of relevant managerial, fund accounting, and administration work experience, preferably in private funds.
  • Experience in an Asset Management firm, actual exposure to audit, tax accounting, FATCA/CRS reporting, SLFI reporting, and level 3 valuation of investments are a plus.
  • Bachelor's degree in accounting, finance, or another related field.
  • CA / CPA Certification with specialization in Internal Financial Reporting Standards (IFRS).
  • Strong written and oral communication skills, ability to synthesize and articulate thoughts about companies and markets concisely.
  • Ability to multitask, prioritize and operate effectively in a fast-paced environment
  • Organized and strong attention to detail.
  • Excellent execution focus.
Responsibilities
  • Responsible for the accuracy of the quarterly financial statements and investor reporting of multiple entities, including closed-end funds structured as Master-feeders, special purpose vehicles, and general partners structured as corporations.
  • Collaborate with the fund administrator and the internal investor relation team for capital activities and the monthly, quarterly and annual reporting in accordance with IFRS; work closely with the internal investor relation team to generate quarterly client reports and other marketing materials.
  • Handle the fund's capital activity process (including deployment and cash flow forecasting), specifically the capital call notices, maintaining capital rebalancing schedules, and the calculation of the carried interest.
  • Work closely with the investment teams to close investment deals, including providing information for KYC and managing the investment funding process.
  • Oversee the input of journal entries for management fees, investments, accruals, other expense/income, valuation adjustments, bank reconciliations, and other fund accounting activities.
  • Coordinate audit activities with the funds’ external auditor and assist in the preparation of the funds’ audited financial statements.
  • Oversee the fund’s tax compliance process, specifically working with tax consultants to ensure tax returns and other regulatory filings (including but not limited to FATCA/CRS filing, HST/GST filing and remittance and other US/Canadian/Irish tax filings, etc.) are filed timely in accordance with the local tax authority.
  • Assist with the design and implementation of strong processes and controls to assure adherence to the firm's compliance program and ensure full compliance with the governing documents.
  • Coordinate with legal and business teams to administer and launch new series for private equity, credit and healthcare royalty funds, be actively involved in the fund-raising process.
  • Provide leadership to system and automation efforts critical to scaling our control and fund accounting platform to support the organization’s strategic objectives.
  • Work with Human Resources staff to recruit, interview, select, hire and employ an appropriate number of employees. Coach, develop, and train employees.

Sagard provides equity capital to help midsized companies grow and develop. The fund focuses on investing in companies that are led by ambitious management teams, offering financial support to facilitate their expansion. Sagard operates by managing nearly €2.5 billion in funds and has a team of 10 professionals based in Paris. Since its inception in 2003, the firm has successfully completed 34 investment deals primarily in the industrial and service sectors across France, Belgium, and Switzerland. What sets Sagard apart from its competitors is its strong backing from the Desmarais family and other established industrial families, which provides a unique network and resources for the companies it invests in. The main goal of Sagard is to foster the growth of promising midsized companies, helping them achieve their full potential.

Company Stage

N/A

Total Funding

$148.4M

Headquarters

Paris, France

Founded

2005

Simplify Jobs

Simplify's Take

What believers are saying

  • Sagard's expansion into the MENA region opens new investment opportunities in emerging markets.
  • The acquisition of industrial properties supports growth in e-commerce infrastructure demand.
  • Partnerships like the one with Värde Partners enhance Sagard's financial growth potential.

What critics are saying

  • Increased competition in real estate may drive up prices and limit opportunities.
  • Expansion into MENA exposes Sagard to geopolitical and regulatory challenges.
  • Reliance on debt financing could increase financial risk if market conditions change.

What makes Sagard unique

  • Sagard uses a unique ecosystem approach combining capital, culture, and network.
  • Sagard has a strong presence in France, Belgium, and Switzerland with 34 deals completed.
  • Sagard's strategic focus includes AI-driven investments and supply chain management solutions.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Flexible Time Off

Paid Caregiver Leave Benefits

Commuter Benefits

College Tuition and Continuing Education Reimbursement

Mentorship and Leadership Development Opportunities

Paid Social and Engagement Events Throughout the Year

INACTIVE