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Full-Time

Manager – Fund Accounting / Senior Fund Accountant

Confirmed live in the last 24 hours

Sagard

Sagard

51-200 employees

Investment fund supporting midsized company growth

Venture Capital
Industrial & Manufacturing
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 who evaluate and execute investment opportunities. 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 goal of Sagard is to foster the growth of promising midsized companies in France, Belgium, and Switzerland, contributing to their long-term success.

Company Stage

N/A

Total Funding

$500M

Headquarters

Paris, France

Founded

2005

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Simplify's Take

What believers are saying

  • Sagard's successful completion of 34 deals since 2004 showcases its experience and reliability in the investment sector.
  • The firm's recent €741 million fundraising for Sagard Senior Lending Fund I indicates strong investor confidence and financial stability.
  • Sagard Real Estate's acquisitions and upgrades of industrial properties highlight its active role in enhancing and expanding its real estate portfolio.

What critics are saying

  • Sagard's focus on midsized companies may limit its growth potential compared to funds targeting larger enterprises.
  • The competitive landscape of investment funds requires Sagard to continuously differentiate itself to attract and retain clients.

What makes Sagard unique

  • Sagard's focus on midsized companies in France, Belgium, and Switzerland sets it apart from other investment funds that may target larger or more global enterprises.
  • The firm's strong ties with well-established industrial families and the Desmarais family provide a unique network and support system for its portfolio companies.
  • Sagard's recent strategic partnerships, such as with HalseyPoint Asset Management, expand its credit offerings and demonstrate its multi-strategy approach.