Fund Accountant, Private Markets
At a glance
Mid-level Accounting role at MUFG Investor Services. Toronto · full-time · CA$60,000–CA$88,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Build NAVs by recording accruals, valuing investments, and reconciling cash and portfolios
- Calculate capital calls, distributions, management fees, waterfalls, and investor allocations for each NAV cycle
- Assemble NAV packages and other agreed deliverables, responding to additional client requests and projects
- Coordinate with internal teams and clients, and help prepare audited financial statements and regulatory work
What you bring
- You bring sound accounting knowledge, particularly in NAVs, fee and waterfall calculations, profit and loss, and balance sheets
- You have strong Microsoft Office skills, especially Excel, and can work with new technology
- A finance or accounting degree, accountant qualification, or another relevant credential is an asset
Who this fits
This mid-level role suits someone with accounting, audit, or fund administration experience, particularly in hedge funds, private credit, or private equity. The position is based in Toronto with a hybrid arrangement and reports to an Associate Director.
From the employer
About MUFG Investor Services:
Experience something Brilliantly Different with a career at 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.
Reporting to the Associate Director, this is a unique opportunity to join a dynamic, fast-growing company in Financial Services. You Will:
- Provide a full range of fund accounting services, including NAV preparation, booking accruals, investment valuation, performing cash and portfolio reconciliations.
- Prepare capital call, distribution calculation and allocation.
- Prepare fee schedules including calculation of management fee and waterfall, ensuring all calculations observe applicable fund documents.
- Prepare Investor allocations for each NAV cycle ensuring capital transactions are booked correctly and P&L is allocated correctly.
- Prepare NAV packages and other ad hoc deliverables as defined in the service level agreements.
- Complete other ad hoc requests and projects.
- Communicate with internal MUFG teams and external clients, ensuring all deliverables and requests are met.
- Prepare/Assist with audited Financial Statements, audit assistance, and other regulatory services, as applicable.
This is for an existing vacancy
- Hold a university degree in Finance/ Accounting, qualified accountant or other relevant qualification will be an asset
- Have a minimum of 2 years progressive accounting/ audit/ fund administration experience in hedge fund, private credit or private equity will be advantageous
- Good accounting knowledge - especially in NAV, Management Fee and Waterfall calculation, profit and lost, and balance sheet
- Strong computer skills with strength in Microsoft Office products and willing to embrace new technologies for efficient solution. Proficiency with Microsoft Excel is particularly asset.
- Experience with accounting software: Geneva would be an advantage
- Able to communicate well with internal and external clients.
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 from a career with the fastest-growing business 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, and next-level LEARNING & DEVELOPMENT.
So, why settle for the ordinary? Apply now for a Brilliantly Different career.
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.
All AI recommendations are reviewed by our recruitment team before any decisions are made.
More information on our use of AI tools is available in our Privacy Notice available to you as part of your application.
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