Pinnacle Fund Services Looking for Hedge Fund Accountant – Toronto at Toronto, ON Full Time

Hedge Fund Accountant – Toronto

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 funds in Canada, the United States and internationally. Pinnacle provides clients with responsive service and provides employees with a dynamic workplace and career growth potential. To deliver service to our growing client base, Pinnacle is seeking outstanding candidates for a Fund Accountant to join our Hedge Team.

Job Description

Be part of a team managing Pinnacle’s clients and will have the opportunity to significantly contribute to Pinnacle’s growth. We are seeking strong team players, outgoing individuals, who possess a strong work ethic and can take initiative in a growing entrepreneurial company. If you have strong accounting knowledge and want to grow your career in Fund Administration, this role is for you. Please note this will be a hybrid role (home/office).

As a Fund Accountant at Pinnacle Fund Services, you will:

• Be an important member of a tight-knit team of experienced, qualified professionals who perform as an extension of the client’s finance team
• Be part of a work environment where your work will be appreciated, your efforts will be recognized and where you will be challenged daily
• Work with different types of hedge fund structures domiciled in Canada, the United States and Cayman Islands

Responsibilities

Assisting with net asset value calculations on a timely basis for the assigned portfolio of clients, which includes:

• Preparing and recording capital activity and distributions
• Maintaining the general ledger
• Recording and reconciling investment activity
• Performing cash reconciliations
• Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
• Processing all investor-related transactions (e.g. subscriptions, redemptions)
• Preparation of investor statements and contract notes
• Preparation of financial statements
• Review security prices for accuracy, ensure corporate actions are properly reflected
• Supporting year-end audit and tax reporting with client and auditors
• Responding to ad-hoc reporting requests as required by clients

Desired skills and experience

• Prior Fund Accounting experience is desired, but not required
• Strong knowledge of accounting concepts
• Strong knowledge of Microsoft Excel
• Solid interpersonal and communication skills
• Strong organization skills
• Some understanding of various investment types (equities, bonds, options etc.)
• Completion of the CSC (Canadian Securities Course) is an asset, but not required
• Ability to handle multiple demands, competing priorities, and constant change
• Ability to allocate time effectively and manage tight deadlines for multiple demands