Private Equity Fund Accountant Role - Vancouver

Private Equity Fund Accountant Role - 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 States, and internationally. Pinnacle provides clients with responsive services and 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 closed-ended Funds specializing in private equity, private debt, real estate, and venture capital.

We are looking for proactive team players with a 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
• Processing cash transactions, including but not limited to posting of GL entries, investment purchases/sales, and corporate actions.
• Reviewing investment supporting documentation to ensure accuracy of booking
• Refreshing NAV Workbook after each cash transaction and resolving any discrepancies.
• Preparing and reconciling income and expense accruals, including calculating admin fees, management fees, and carried interest in line with relevant accounting standards.
• Refreshing Financial Statements and resolving any discrepancies.
• Uploading Fund Pricing schedules
• Running NAV reporting packages
• Refreshing Tax & AWP workbooks
• Entering Capital calls & distributions
• Preparing investor notices
• Interacting with clients - assisting with any questions, ad hoc requests, and providing support
• Assisting in year-end Audits and liaising with Audit and Tax providers
• Coordinating with the Investor Services team on counterparts update, investor/client requests
• Collaborating 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
• Supporting 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.
• Providing Cash Management Services for distribution and any fund expenses
• Performing Waterfall/carried interest calculations.

Desired skills and experience

• Prior fund accounting experience is desired, but not required
• Understanding of closed-ended funds is desired, but not required
• Accounting designation desired but not required
• Strong knowledge of Microsoft Excel
• Solid interpersonal and communication skills
• Strong organizational skills
• Ability to handle multiple demands, competing priorities, and constant change
• Ability to allocate time effectively and manage tight deadlines
• Prior experience with PFS-Paxus is desired, but not required
• Ability to manage own time and workload effectively ensuring both internal and external deadlines are met

Why Pinnacle Fund Services?

At Pinnacle Fund Services, we're committed to providing employees with a comprehensive benefits package that supports their health, well-being, and professional growth. Here are some of the perks and benefits that set us apart:

• Extended Health Benefits
• RRSP Employer Match Program
• Competitive Compensation
• Annual discretionary bonus
• Educational Support
• Work-Life Balance
• Remote Firm, with some in-office days with purpose (learn, build relationships, collaborate & socialize)
• Exposure to all aspects of the business

Thank you for your interest in Pinnacle Fund Services. We look forward to meeting you and learning about your next steps in your career.

We are committed to creating a diverse and inclusive workplace and welcome applications from all qualified individuals, regardless of race, ethnicity, gender, sexual orientation, age, disability, religion, or any other protected status. We believe a diverse workplace is essential for driving innovation and achieving success, and we strive to provide equal opportunities for all employees.