Fund Accountant, Private Equity - Vancouver

Company description


Pinnacle Fund Services ("Pinnacle") is a privately-owned company headquartered in Vancouver that provides high-quality accounting and administrative services to hedge funds, private equity funds, and other investment vehicles in Canada, the United Services and internationally. Pinnacle provides clients with responsive services and provides employees with a dynamic workplace and career growth potential. To deliver services to our growing client base, Pinnacle is seeking candidates for Fund Accountants to join our Private Equity Team.


Job Description


As a Fund Accountant, you will be responsible for supporting the NAV production process for a private equity client portfolio working closely with Senior Fund Accountants and Management.  As part of the Private Equity Team, you will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.


We are looking for proactive team players with strong work ethic to join our growing entrepreneurial company. Candidates with prior experience in Fund Administration or the fund industry will find this role particularly appealing as it presents a significant opportunity for career advancement with Fund Administration. This position offers an exciting pathway for professional development.


Responsibilities

Assisting with the preparation of net asset value calculations on a timely basis, which includes:
Recording capital activity such as capital calls & distributions
Recording cash activity and performing cash reconciliations
Pricing portfolios in accordance with funds’ offering documents
Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
Preparing Investor Statements and contract notes
Supporting the preparation of financial statements
Supporting year-end audit and tax reporting requests
Supporting responses to ad-hoc reporting requests as required by clients
Process cash transactions - including but not limited to posting of GL entries, investment purchases/sales and corporate actions.
Review of investment supporting documentation to ensure accuracy of booking
Refresh NAV Workbook after each cash transaction and resolve any discrepancies.
Prepare and reconcile income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards.
Refresh Financial Statements and resolve any discrepancies.
Upload Fund Pricing schedules
Run NAV reporting packages
Refresh Tax & AWP workbooks
Enter Capital calls & distribution
Prepare investor notices
Interacting with clients - assisting with any questions, ad hoc requests and providing support
Assisting in yearend Audits and liaising with Audit and Tax providers
Coordinating with Investor Services team on counterparts update, investor/client requests
Collaborate with internal and external parties to meet client requirements and address investor inquiries
Updating Wrike daily to ensure the status of work is up to date to ensure deadlines are met
Support in SOC Audit and providing supporting documentation for samples
Documenting procedures on funds
Preparing sub-close calculations, including equalization interest on an investor-per-investor basis.
Provide Cash Management Services for distribution and any fund expenses
Perform Waterfall/carried interest calculations.