About Citco
The Citco group of companies (Citco) is a network of independent companies worldwide for over 70 years, all of which are leading providers of asset-servicing solutions to the global alternative investment industry. With $1.8+ trillion in AuA and operations across 36 countries with over 50 office locations.
For decades, industry publications have recognized our leadership in service and innovation. These accolades are a reflection of our drive to push ourselves and our industry forward.
With strategically positioned global offices, we offer opportunities for graduates and seasoned professionals to work across the world. Careers at Citco can span continents.
For more information about Citco, please visit www.citco.com
About the Team & Business Line:
Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
As a core member of our Private Equity team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
Responsibilities
Your Role:
Maintain and control the general ledger and various sub-ledgers.
Prepare and review financial statements, footnotes and partner capital statements
Prepare and review limited partner and general partner allocations
Prepare and review trial balances and work paper product
Review capital activity that pertains to the funds including capital calls, distributions, rebalances and transfers
Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
Manage and monitor the timing and quality of client deliverables; overall responsibility for client relationships and meetings
Interact with senior management and manage overall relationships for multiple clients; provide technical accounting/industry knowledge to clients
Lead the preparation of client service plans including annual budget; establish plan for new client setup and transitions
Coordinate with Operations group, Financial Statement group, Tax group and Investor Relations group
Coordinate, manage and monitor external audit process
Review private equity fund client’s partnership agreements, PPM’s and other materials
In charge of implementation of fund structures on accounting system
Coach, develop, train staff and continue to build out our infrastructure
Prepare ad hoc reports as needed
Review trading and operations processes for the Company’s private equity division
About You:
Master Degree in Accounting, Finance, any other professional accounting qualification (i.e. CA, CPA or ACCA or equivalent)
Minimum of 8+ years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
Skilled in negotiation, business planning and budgeting, margin analysis, rating agency relations and technical accounting
Managing skills with experience in managing and/or leading staff for 3+ years.
Strong knowledge of waterfall structures, modeling and calculations
Highly successful record of delivering large scale business/technology reengineering initiatives in the private equity, hedge funds and fund of funds businesses
Some knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting
Experience in reviewing and preparing general ledgers and financial statements
Strong leadership skills and supervisory experience of other professionals
Project management skills with attention to detail and proven ability to multi-task
Strong written and verbal communication skills
Advanced computer skills (Microsoft Excel)
Bachelor’s Degree in Accounting, Finance or Economics
CPA designation a plus
Our Benefits
Your well-being 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, prioritizing 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.
Skills Required
- Master Degree in Accounting or Finance
- Minimum of 8+ years experience in accounting for financial services, particularly Private Equity
- Experience managing and leading staff for 3+ years
- Strong knowledge of waterfall structures and technical accounting
- Project management skills
- CPA designation a plus
What We Do
Our heritage, since founding a civil law notary practice in the 1940s to establishing the Curacao International Trust Company in the 1960s, is built on challenging paradigms and delivering exceptional service within the financial and professional services industry. Today, we continue to pioneer award-winning services and technology solutions that meet ever changing markets. A commitment to investing in people, and proprietary technologies, has resulted in our reputation as the industry’s preeminent service provider, reassuring clients that their critical administration functions are in safe hands. Our thought leadership and ability to quickly navigate complex change means our clients can depend on us as trusted advisors to make informed decisions in response to market conditions. Our Divisions Citco Fund Services & Investor Relations CFS is the global leader in services for the alternative investment industry. With over 2,000 funds under administration and net assets exceeding $840 billion, we provide full service fund administration, fund accounting, net asset value calculations, investor relations, and more. Governance Services Leveraging our extensive global office network Citco Governance Services provides customised solutions, including corporate and global subsidiary governance, secretarial services, financial accounting and reporting, tax and audit liaison, and market entry services. Banking, Depositary & Custody Services Citco Banks operate in strategic financial centres and provide Institutional and Fund of Funds clients access to the funds universe through multiple communication and online real-time global funds platforms. Citco Technology Management Through our eight global development centres, Citco Technology Management provides secure infrastructures and develops award-winning technology products that underpin our commitment to service excellence.
