Senior Associate, Fund Finance POST NUMBER: 427188
Reporting to the Vice President, Finance you will focus primarily on fund accounting and support for company’s closed-end private equity funds. Key responsibilities include the review of quarterly and annual financial reports for the funds and related entities, transaction execution support, the completion of compliance deliverables, supporting and providing input to team projects and ad-hoc duties, on an as needed basis. This role will regularly interact with various corporate groups, including Tax, Legal, Compliance, Investor Relations, Information Technology, and the Investment Teams; and as well the various third-party vendors, including Fund auditors, Fund administrators, banking partners and Finance IT vendors.
About the Opportunity
- Preparation of quarterly and annual accounts and records for numerous internal entities
- Support and review corporate processes throughout quarter-end and year end processes
- Prepare and review accruals and billings, management fee calculations, waterfall calculations
- Review of quarterly and annual account packages from the fund administrator for a number of private equity funds and related entities
- Support Fund Managers throughout quarter-end and year-end processes
- Support Fund Managers and fund administrators in the delivery and issuance of quarterly investor reporting
- Liaise with fund auditors throughout year-end process
- Oversee and support all other ongoing reporting deliverables of the Funds, including compliance certifications, credit facility compliance and regulatory reporting
- Support Fund Managers in all aspects of investment transactions, including LPA compliance, reporting and performance calculations, foreign currency management, treasury and cash management, and investor communications. This involves interacting with various corporate groups, senior management of the Investment Teams and external stakeholders.
- Monitor, assess and implement new accounting pronouncements impacting the Funds under US GAAP, IFRS and Canadian GAAP.
- Support client service team and fund administrators in the oversight of the investor portal
- Support client service team in the completion of investor inquiries
- Assist with special projects led by the Private Equity Fund Finance Team or in collaboration with other corporate group
- Perform other ad-hoc duties as assigned
About You
- CPA Preferred
- Minimum 3 years related experience
- Strong understanding of US GAAP, IFRS and Canadian GAAP reporting guidelines
- Be able to demonstrate an understanding of funds, fund structures, fee calculations, trading strategies, financial instruments and fund offering documentation.
- Attention to detail and excellent communication skills necessary
- Proficiency in Microsoft Excel a must and Investran experience preferred
- Ability to self-start, multi-task, and meet deadlines
- Entrepreneurial, team-oriented work ethic and personality Personal Characteristics
- Judgment and Flexibility: Thinks about issues and develops solutions that thoughtfully take the broader context into account. Positively deals with a shifting demand for time, priorities, and the rapid change of your environment
- Ownership and Initiative: Takes ownership for and “rolls up sleeves” to meet objectives
- Excellence: Demonstrates accuracy and thoroughness. Ensures quality and demonstrate a strong attention to detail and follow-through. Commits to implementing best practices and continuous improvement
- Presentation: Clearly and confidently communicates and presents complex concepts, analysis, ideas, and information internally and externally
- Presence and self-confidence to interface with the key constituents of the firm including clients, senior executives and other stakeholders
- A pattern of excellence, both personally and professionally, demonstrated by the individual’s education, career track record, intellect, and professional reputation
- A high standard of integrity and ability to maintain the highest degree of confidentiality
- Self-awareness, maturity, irreproachable integrity
- A strong work ethic and seeks to complete work effectively and efficiently
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #427188.
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.