Senior Associate 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 www.mufg-investorservices.com.

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Job Description

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

• Provide the full range of fund accounting and administration services to private markets 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

*This is for an existing position

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.
• In-depth understanding of the private markets fund administration industry. This includes multiple fund structures, fee calculations, financial instruments and fund offering documentation review.
• High proficiency with Microsoft Excel is an essential requirement for this role.
• 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

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.

We are committed to using Artificial Intelligence (AI) tools responsibly and being transparent about what we do to build trust and confidence. At MUFG Investor Services, we use AI tools to support our recruitment process by helping us understand how well candidates’ applications align with the requirements of the role.

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More information on our use of AI tools is available in our Privacy Notice available to you as part of your application.

MUFG is an equal opportunity employer.