Vice President (Fund Accounting - Private Equity Funds)
The Citco Group Limited
HansaPoint, Singapore
4d ago

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 :

Client Service

  • 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
  • Operations

  • 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
  • Team Management

  • 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.
  • Apply
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