Supervisor, Fund Accounting - Real Estate Funds Services
Citco Group of Companies
Canada , Toronto
45d ago

About the Role :

Citco Real Estate Fund Services (REFS) is a business line within Citco Fund Services which provides quality corporate and administration services to many of the world’s largest real estate funds and investors.

Our dedicated real estate team has developed a unique vertical and horizontal 360 administration services approach, covering the administration of the fund itself but also the administration of intermediary holding companies and property owning companies, across all regions, resulting in a seamless administration of all levels of the fund.

The Supervisor, Fund Accounting has an in-depth understanding of real estate and / or private equity investment funds or direct real estate investment / analysis experience.

This is a key role as part of a professional team responsible for meeting the daily deliverables of Real Estate Fund Services clients, per Service Level Agreements.

  • Our clients demand the highest standards of execution and you will be at the forefront of our delivery. The supervisor will assist in the management of a team and its work processes and development;
  • maintain client relationships; and work productively with colleagues from other Citco offices.

    Job Duties :

  • Completion and review of operational deliverables in line with Service Level Agreements with clients
  • Act as central point of contact for clients
  • Assist Operations Manager in allocation of work to staff, work-flow processes and improvements
  • Train and assist staff with their work as need arises and prepare more complex deliverables
  • Ensure client deadlines are met
  • Support the conversion of any new clients and existing migrations
  • Liaise with multiple external parties (auditors, legal counsel, investors)
  • Review Quarterly / Monthly reports and working papers, which include :
  • Cash and Position Reconciliations

    Expense Accruals

    Agree Dividends and Interest Accruals if applicable

  • Review all capital activity pertaining to the funds (Capital Call and Distribution processing)
  • Review Limited Partner and General partners / Shareholder Allocation ; calculations / schedules includes review of Admin / Management fees / Waterfall / Clawback calculations
  • Review trial balances and related working papers
  • Review financial statements, footnotes and Partner Capital Statements
  • About You :

    Bachelor or Master level degree in accounting

    Professional accounting designation is preferred

    Designated accountant or working towards CA, CMA, CGA, CPA

    5+ years of public / private real estate or private equity fund accounting work experience

    Previous experience supervising / coaching staff

    Experience in reviewing and preparing general ledgers and financial statements

    Knowledge of IFRS and US GAAP

    Experience in Limited Partnership accounting a plus

    Excellent communication skills and proficiency in English (both verbal and written)

    Motivated, bright and diligent individual who is driven to meet deadlines

    A team player who is able to manage individual responsibilities

    Sound judgment, problem solving and analytical skills

    Liaise with property management companies

    Knowledge of REIT structures and testing

    Knowledge of real estate multi-family and commercial real estate accounting

    Advanced level MS Excel

    Proficient with MS Word, MS PowerPoint

    Knowledge of MRI, Yardi, or Investran a plus

    NOTE : This job description is not intended to be all-inclusive. Employees may perform other related duties to meet the ongoing needs of the organization.

    What We Offer :

    A challenging and rewarding role in an award-winning global business.

    Opportunities for personal and professional career development.

    This role is preapproved and eligible for CPA & CFA hours.

    Great working environment, competitive salary and benefits, and opportunities for educational support.

    Be part of an industry leading global team, renowned for excellence.

    Confidentiality Assured.

    Citco welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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