Fund Accountant

About Innocap

Innocap is the world's leading firm of managed account platform services. With over US$89 billion in assets under management, over 500 employees and offices in five countries, we are shaping the future of alternative investments for institutional owners and allocators. Our mission is to revolutionize the asset management industry and to provide customized expert services and an exceptional client experience.

We are seeking forward-thinking individuals to join us on our exciting journey. Innocap's success is built on the diversity of our people and the strength of their ambitions. We empower our teams and foster a culture of inclusivity, collaboration, innovation, and growth. At Innocap, you'll have the opportunity to enhance your career, work on exciting projects, and make a real impact.

The Platform Accounting team works closely with the Platform Operations team for daily and monthly deliverables. The Platform Accounting team is responsible for reviewing and approving the Administrator's net asset valuation and will review and discuss the final reconciliation and valuation review performed by the Operations analyst. The Platform Accounting team is also responsible for reviewing and processing invoices and for managing the audit process. Each fund / client will have primary and backup Platform Accounting and Operations analysts who will work together to understand the particulars to the fund and to service the client.

• Sufficient knowledge of various legal documents such as Offering Memorandums, Partnership Agreements, Investment Manager Agreements and Sub Advisory Agreement. Review and provide comments on fund documents during the structuring phase of client dedicated managed accounts ("DMAs") prepared by the Innocap Product Structuring team.
• Coordinate fund set-up with the fund's external administrator on the calculation of fees during the drafting of fund documents.
• Review daily / weekly / monthly NAV calculations, management / incentive fees and expense ratios for a variety of alternative investments products. Recalculate daily / weekly / monthly asset based operating expenses and fixed expenses to ensure accuracy of expenses calculated by the external administrator.
• Review cash reconciliations between reports received from brokers and external administrators.
• Review position reconciliations that are prepared by Innocap Operations team during the NAV review process.
• Review daily / weekly / monthly subscriptions / redemptions schedules prepared by external fund administrators and coordinate timely payment to the Fund itself (subscriptions) or the Funds' investors (redemptions).
• Assist external fund administrators with various daily / weekly / monthly projects and coordinate timely NAV reporting to external clients.
• Ensure timely review and payment of invoiced expenses in accordance with each Fund's agreements and payment process. Follow-up with vendors and investment managers in doing so.
• Monitor and review valuation methodologies within each Fund's portfolios based on US GAAP and / or IFRS guidance and the Funds' individual pricing policy.
• Respond to email queries from clients, investment managers, administrators, and counterparties in a timely manner.
• Perform project work to support internal and external needs.
• Utilize cash reconciliation module, Expense module, Invoice module, NAV (performance) reporting module and NAV review module of our proprietary HM-Operations website. Provide new ideas and suggestions for enhancing our proprietary website to make processes efficient. Perform system testing for new release.
• Project manage year-end audit with external administrator, auditors and client. Prepare and agree upon audit timeline. Participate on weekly audit calls. Review proforma financial statements. Review draft audited financial statements including analytical review of balance sheet and income statement accounts and related footnote disclosures.
• Proficient working knowledge of various instrument (securities) types and US GAAP and / or IFRS.
• Train and mentor junior accounting staff on daily tasks performed.
• Maintain industry knowledge by attending educational seminars and reviewing publications.

Primary Qualifications & Skills

OUR OFFER

Please note that the role is hybrid (mix of remote and in-office)

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