Director, Fund Accounting, Private Equity

Company Description

About MUFG Investor Services

MUFG Investor Services is a trusted partner to many of the world's largest public and private funds, providing asset servicing and operational solutions built for alternatives. With over $1 trillion in client assets under administration, we offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, business consulting, and more. Operating from 17 locations worldwide, we help clients mitigate risk, enhance efficiency, and navigate the operational complexities of today's investment management landscape. As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world's largest financial institutions with approximately $3 trillion in assets, we combine deep expertise with the strength and stability of a leading financial institution. To learn more, visit us at

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Job Description

Report to the Executive Director, Nexus, Client Delivery, a list of your responsibilities will include:

• Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting
• Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
• Work with banks, auditors, brokers and custodians to ensure smooth service delivery to customers and completion of NAV
• Approve fee schedules including calculation of management and carried interest, ensuring all calculations follow applicable fund documents
• Review and approve investor allocations for each NAV cycle, waterfall calculation and reviews, custody trading documents, Subscription and process Capital Calls and distributions wires, ensuring execution as instructed by clients and deadlines are met
• Work with both the internal AML team, and the administrators, ensuring all AML requirements are met
• Respond to all client queries
• Review and sign any schedules, reports and files for review ensuring they are completed in compliance with organization controls
• Resource Allocation to ensure that all work is carried out and Service level agreement met
• Approve payment of fund expenses in applicable banking systems, ensuring controls are followed
• Help with preparation and review of audited financial statements and annual audit
• Review reporting for the regulatory authorities
• Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
• Help with the growth of the local office
• Create ideas for improving the NAV process, technological improvements and client reporting
• Participate in multiple system initiatives and projects

Qualifications

• Post-secondary education/University Degree with a concentration in finance or accounting.
• Demonstrable experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
• Have a minimum of 12 years progressive fund administration experience in servicing a Private Equity and/or Private Debt Clients
• Experience with the fund administration business and the drivers of profitability and success.
• High proficiency with Microsoft Excel is an essential requirement for this role.
• In-depth understanding of the private equity fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
• Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficial
• Completion or interest in a professional accounting designation (CA, CGA, CMA, ACCA, ICAEW, CFA (or equivalent) an asset

Additional Information

***This role will start remotely, with the expectation to transition to in-office work, whether partially or fully, once our office is established and operational.***

What's in it for you to join MUFG Investor Services?


Take a look at our careers site and you'll find everything you'd expect working with one of the fastest-growing businesses at one of the world's largest financial groups. Now take another look. Because it's how we defy expectations that really defines us. You'll feel that difference in all kinds of ways. Our vibrant CULTURE. Connected team. Love of innovation, laser client focus.


So, why settle for the ordinary? Apply now for your next Brilliantly Different opportunity.


We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted.

At MUFG Investor Services, we use Artificial Intelligence (AI) tools to help identify skills and experience that align with role requirements. All AI recommendations are reviewed by our recruitment team before any decisions are made

MUFG is an equal opportunity employer.