AddressInvestment Accountant - Private Markets
Fredericton, NB
Reference # HL-17862
Formed in 2016 as an independent not-for-profit company, Vestcor Inc. is an integrated investment management, pension and benefits administration organization that is jointly owned by the New Brunswick Public Service Pension Plan and the New Brunswick Teachers' Pension Plan. Located in Fredericton, NB, they are the largest investment manager in Atlantic Canada providing global investment management services to ten different client groups representing approximately $21.0 billion in assets under management. They also provide administration services to eleven pension plans and four employee benefits plans.
We are pleased to partner with Vestcor looking to bring an Investment Accountant - Private Markets to their team in Fredericton. Reporting directly to the Manager Fund Accounting, the Investment Accountant - Private Markets is part of a team that is responsible for the investment accounting and management reporting functions for investments in the Private Markets asset classes, including private equity, real estate and infrastructure. This position works closely with the Senior Accountant Private Markets in providing a key segregation of duties role for the Real Assets and Equity investment teams, and also works closely with those teams as a key stakeholder, as well as with the Chief Investment Officer and Chief Financial Officer.
Responsibilities will include:
- Assist in the implementation of new investment mandates including necessary changes in procedures and internal control documentation.
- Develop an understanding of each private market investment to facilitate the on-going analysis of financial reporting received from private market transaction partners.
- Record transactions and valuation adjustments into the portfolio management systems timely and accurately.
- Maintain accurate continuity of all commitments made and periodic draw-downs and coordinate delivery of cash flow information to the Money Market Portfolio Manager.
- Assist the Senior Accountant Private Markets to track timely receipt of all income tax forms from investees and verify they have been appropriately prepared.
- Assist the Senior Accountant Private Markets to ensure U.S. tax forms (Schedule K-1s, etc.) are
- tracked, filed and submitted to Vestcor's external tax consultant for preparation of U.S. tax filings.
- Prepare ad hoc management information as required.
- Assist the Senior Accountant Private Markets in analyzing management fees and track appropriate classification for CEM Benchmarking reporting.
- Assist in preparing support for the annual external audit review of Private Markets investments.
The ideal candidate will possess:
- Chartered Professional Accountant designation (CPA) and good fundamental knowledge of Canadian.
- GAAP and International Financial Reporting Standards.
- Experience in Private Markets and/or real estate accounting in an asset.
- Experience in the investment industry is desirable.
- Experience and knowledge of SS&C's Pacer portfolio management system is an asset.
- Team player, excellent interpersonal, presentation and communication skills.
- Advanced Excel spreadsheet skills and strong user of computer applications.
- Excellent problem-solving and analytical skills as well as good general management skills.
- Written and spoken competence in English is required and French would be considered an asset.
To express interest in this opportunity please apply online by clicking the link below:
https://meridiarecruitment.ca/Career/17862
For more information about this exciting opportunity please contact Heather Labucki, Partner, or Jason Ozon, Consultant, at [email protected]. If you require accommodation to participate in the recruitment process, please let Jason Ozon know.
Meridia Recruitment Solutions connects leading organizations with top talent by building strong relationships and creating ideal matches with candidates because we are only successful when you are. We appreciate your interest in this opportunity.
To learn more about Meridia Recruitment Solutions, our job opportunities, and career advice we invite you to explore our site and subscribe for career alerts.
