At a Glance
- Tasks: Assist with accounting and reporting for Private Equity funds in a dynamic team.
- Company: Join Citco, a global leader in fund services with a focus on innovation.
- Benefits: Enjoy flexible working, training support, and a diverse, inclusive culture.
- Other info: Opportunities for career growth and personal development in a supportive environment.
- Why this job: Gain hands-on experience in fund finance with top industry professionals.
- Qualifications: 5+ years in accounting, ideally with Private Equity experience.
The predicted salary is between 60000 - 66000 £ per year.
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.
About the Team & Business Line:
Alternative Asset Fund Administration is Citco's core business, and our Private Equity ("PE") division is a major part of that. Citco has one of the largest footprints of staff in Ireland within the Private Equity Administration sector. Our continuous investment in learning, which includes Private Equity specific personal development training programs for multiple staff levels, and technology solutions means our people are equipped to deliver a seamless client experience.
This role represents a unique opportunity to work directly within a rapidly expanding global PE investment manager's fund finance team. The role will support the existing fund finance team, interfacing with Citco servicing teams in relation to fund reporting requirements on existing and recently launched products. The role also offers the opportunity to gain exposure on a variety of fund finance operational workstreams.
Responsibilities
- Assist with the day-to-day accounting, reporting and operations for various PE funds, including:
- Manage and monitor deliverables (SLAs) with Citco and client teams
- Manage and review quarterly financial and investor reporting outputs
- Manage capital activity processing (calls/distributions/transfers)
- Review/prepare management fee & waterfall/carry calculations
- Oversee production of year end accounts and/or financial statements for complex PE structures, under US GAAP
- Assist with the review of investor allocations and partners' capital account statements
- Assist with production and review of regulatory and shareholder reports
- Help with treasury management functions, including monitoring fund cash positions, and preparing cash projections.
- Liaise with tax teams and advisors on fund-level tax filings, FATCA/CRS compliance, and investor tax reporting (e.g., K-1s if relevant).
- Develop into a Subject Matter Expert (SME) on PE client structures and PE accounting processes
- Engage in and drive certain finance team and/or fund specific projects
- Regularly engage with Citco and client teams on individual and team goals
- Communicate regularly with Citco and client teams, and help maintain great relationships
- Review client Limited Partnership Agreements (LPAs), PPMs, and other materials
- Act as liaison to various internal/external stakeholders
- Work with onboarding solutions teams and client teams to implement new fund structures on accounting system, whilst also identifying and implementing more streamlined and efficient processes.
About You:
- You have 5+ years' experience in accounting operations or practice
- You have 3+ years' experience in Private Equity (Desirable)
- You are a strong team player who exhibits strong communication and written skills
- You have the ability to handle several deliverables and different stakeholders simultaneously, and prioritise work based on deadlines
- You have strong communication and relationship skills
- You must have strong knowledge of the financial services industry, its products and practices, and a strong interest in further development and learning
- You have proven Fund Accounting system, Microsoft Word and Excel, and PowerPoint skills
- You are degree qualified (2.1 and above) in Finance or Accounting related degree (desirable).
Our Benefits
Your wellbeing 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, prioritising 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.
Assistant Vice President, Fund Accounting (Private Assets) - 2year Fixed Term Contract employer: The Citco Group Limited
Citco Custody (UK) Limited is an exceptional employer that prioritises employee well-being and professional growth, offering a supportive work culture where diversity is celebrated. With a commitment to providing comprehensive training and flexible working arrangements, employees can thrive in their careers while maintaining a healthy work-life balance. Located in a strategic global centre, the role of Depositary Supervisor not only allows for meaningful contributions to client services but also fosters strong relationships within a collaborative team environment.
