Job Description

The successful candidate will be responsible for the preparation/review of periodic (weekly/monthly/quarterly) net asset values of various private equity and hybrid funds.

Fund and Investor Accounting:

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Review fund reimbursable expenses;
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices;
• Prepare fund financial statements with footnotes and supporting schedules;
• Prepare partner allocations and capital account statements;
• Understand/review of LPAs, purchase/sales agreement, side letters, etc.
• Coordinate and support the audit for both SSAE 16 audit and fund audit;
• Support the tax team with information to prepare tax compliance/reports;
• Assist with other regulatory reporting;
• Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).

Cash Management and Operations:

• Facilitate and monitor cash movements;
• Prepare funding memos for investment purchase, fund expense payment, etc.
• Conduct cash forecasting and budgeting;
• Responsible for bank and brokerage reconciliations;
• Assist with Ad hoc financial analysis for client;
• Assist with credit facility drawdowns for the fund;
• Coordinate with investor services team.

Portfolio Accounting:

• Track portfolio company transactions (purchases, income, liquidity);
• Understand complex investment structures (hold co's blockers, tax withholding, etc.);
• Calculate investment IRR;
• Accounting for holding companies and blocker entities.

MPI does not discriminate on the basis of race, religion, sex, sexual orientation, gender identity or expression, age, disability, marital status, or based on an individual's status in any group or class otherwise protected under applicable human rights legislation. MPI encourages applications from minorities, women, the disabled and all other qualified applicants

An opportunity to be part of a rapidly expanding global company|Ability for internal mobility and career progression

• 6-12 years of professional experience (A mix of private and audit preferred);
• Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience);
• CPA Preferred;
• Strong Fund and Partner accounting knowledge;
• Credit funds exposure;
• Portfolio accounting, complex investment structures preferred;
• Supervisory experience;
• Strong written and verbal communication skills;
• Highly motivated with ability to multitask.

Special Skills:

• Experience in fund accounting with a focus on private equity experience;
• Knowledge with LPA or other governing documents;
• Experience with waterfall calculations;
• Basic knowledge of Level 3 valuation methodologies;
• Experience with audit process, including internal control and test of details;
• Knowledge of US GAAP with an emphasis on investment partnerships.

Our Client is a leader in the provision of fund and corporate administration services. Specialist expertise is delivered across private debt, capital markets, real assets, private equity, hedge and corporate services

Hybrid work model

Competitive compensation & bonus structure

Opportunity for continuous career growth & development

Medical & Dental

RRSP matching