About the Role :
The Vice President, PE is responsible for ensuring that private equity funds and private equity fund managers are provided with accurate and timely accounting services.
In addition, the Vice President shall manage client relationships in line with the service level agreements, Citco procedures and best practices, applicable accounting standards while maintaining focus on training and development of staff as well as process improvements.
Job Duties in Brief :
Overall responsibility for client relationships
Negotiate Service Level Agreements (SLA) with clients
Monitor service levels, open action items, prepare and present a quarterly Service Review pack
Identify any drift in scope of services and assess impact on overall profitability
Understand other Citco products and services and identify opportunities for Citco to meet client needs
Coordinate with internal stakeholders from various lines of business and support teams
Facilitate overview of Citco systems, processes and sample reports for new clients
Assist in the coordination of new business on-boarding and work closely with the onboarding team
Review fund launch documents and familiarise yourself with the Private Placement, Memorandum, Limited Partnership Agreement (LPA) and other key documents
Propose and implement fund structure setup on the system platform(s)
Calculate resource requirements and monitor variances between budget and actual
Oversee the preparation of monthly / quarterly reporting package and working papers
Oversee the preparation of capital calls, distributions, partner transfers and ensure they are in line with the LPA
Oversee the preparation of and review equalisation workings, carried interest and clawback calculations and ensure they are in line with the LPA
Oversee the partners’ allocations, allocation rules and ensure they are in line with the LPA
Oversee the preparation and review the financial statements, notes to financial statements and the partners’ capital account statements
Liaise with clients and assist them on accounting and administrative issues and relevant developments
Ensure adherence to relevant accounting standards
Coordinate, manage and monitor external audit process
Perform regular client risk assessments, create action plans and monitor progress
Authorize funds’ payments using various online banking platforms
Review monthly accruals, billing and variance against budget
Perform regular review of existing processes within the team and ensure adherence to the policies and procedures, best practices, SOC 1 controls
Document and review existing processes, suggest and implement improvements
Ensure that changes to systems, processes and procedures are implemented within the team
Track, report and escalate issues in accordance with established risk frameworks
Oversee a team of 8-12 staff
Review the work of team members and provide feedback
Monitor and track team performance in order to meet clients’ SLA and achieve financial targets
Plan resources in line with business demands, participate in recruitment and selection process
Identify training needs, lead, coach and develop staff
Set goals, provide regular feedback and appraise employees within the team
Implement training initiatives
About You :
Bachelor or Masters Degree in Accounting, Finance, Business and / or studying for a professional accounting qualification (ie.
CA, CPA or ACCA or its equivalent)
Minimum 8 years’ experience in fund administration , accounting or audit (with at least 4 years of experience in Private Equity)
Knowledge of IFRS and / or USGAAP
Strong Supervisory skills with experience in managing and / or leading staff for 4 years.
Strong client relationship management skills with proven ability to provide high quality service and manage difficult relationships.
Project management skills and proven ability to effect change
Ability to work under pressure in a highly demanding environment
Proficient in Microsoft applications (Word , Excel , Powerpoint)
Proficient in Investran is highly desirable (or other similar private equity sytems , eg. eFront)
Proficient in spoken and written Mandarin is highly desirable (but not a necessity)
What We Offer :
A challenging and rewarding role in an award-winning global business.
Opportunities for personal and professional career development.
Great working environment, competitive salary and benefits, and opportunities for educational support.
Be part of an industry leading global team, renowned for excellence.