OPPORTUNITY TO WORK IN NOVA SCOTIA, CANADA
Professional Development Committee (PDC) of ICAI is working with Business
Development, Emerging Markets team of Nova Scotia Business Inc. (NSBI) to facilitate
recruitment of members of ICAI for employment in Nova Scotia, Canada. NSBI is a
trade and business development body established to facilitate development of trade,
business and investment in Nova Scotia.
PDC is facilitating recruitment of Indian chartered accountants for employment in entities
in Nova Scotia. As an initial step, PDC will facilitate recruitment of five Chartered
Accountants and ICAI and NSBI will facilitate the entire process.
The skill set requirements for these five openings is set out below. Expression of Interest
is invited from interested members. Team from Nova Scotia will visit India during this
year (some time in October/November) for selection of five candidates.
A meeting of the applicants in the first short list will be organized prior to the visit of the
Nova Scotia team to brief various aspects like life style in Nova Scotia, educational
facilities, availability of accommodation, obtaining of work VISA and other similar
aspects.
Position 1 : Senior Account Manager
Description: The Senior Account Manager is responsible for reviewing all funds in their
group, managing a group of staff people (Fund Accountants/Senior Fund
Accountants/Account Managers), responsible for training and development of staff, and
acting as main point of contact for external auditors.
Most important tasks and responsibilities :
„hƒn Review of Daily/Weekly P&L/NAV estimates;
„hƒn Review Monthly Net Asset Value preparation, which includes:
o Cash and Position Reconciliations;
o Expense Accruals;
o Review all capital activity that pertains to the funds;
o Partner/Shareholder Allocation calculations/schedules - includes review of
admin/management fees/incentive fees calculations;
„hƒn Monthly Financial Statement preparation and preparation of the YE financial
statements and financial highlights;
„hƒn Implementing training initiatives;
„hƒn Other Ad Hoc Reports;
„hƒn Client relationship manager and the main client contact person;
„hƒn Special Projects as needed.
Following background and competences are expected:
„hƒn 5-10 years of fund accounting experience in a Hedge Fund, Hedge Fund
Administrator, or other alternative investment financial institution where the
accountant has gained financial products knowledge
„hƒn Strong Excel experience
„hƒn Excellent communication skills
„hƒn Financial Statement Preparation
Position 2 ¡V Senior Fund Accountant
Your most important tasks and responsibilities are:
The position of Senior Fund Accountant will involve the following tasks and responsibilities:
„hƒn Daily/Weekly/Monthly Net Asset Value preparation, which includes:
o Cash and Portfolio Reconciliations exposed to futures, forwards, options,
fixed income, equities;
o Income and Expense Accruals;
o Daily analysis of traders P&L;
„hƒn Evaluate confirms and trades for settlements;
„hƒn Partner/Shareholder Allocation calculations, including incentive and management
calculations;
„hƒn Verify month end market prices for all open positions;
„hƒn Financial Statement preparation;
„hƒn Other Ad Hoc Reports as needed.
You will have the following background and competences:
„hƒn 3+ years of fund accounting experience in a Hedge Fund Accountant, Hedge
Fund Administrator, Mutual Fund or other financial institution where the
accountant has gained financial products knowledge;
„hƒn Familiar with various methods for the calculation of incentive and
management fees;
„hƒn Working knowledge of Excel and Word;
„hƒn Good communication skills - Discussions with clients, custodians and prime
brokers to resolve trading, operational and accounting issues Financial
Statement Preparation and Public Accounting experience is a plus;
„hƒn Graduation in Accounting or Finance a MUST;
Position 3 ¡V Hedge Fund Accountant
Your most important tasks and responsibilities are:
The position of Hedge Fund Accountant will involve the following tasks and responsibilities:
„hƒn Preparing periodical financial reporting for the Hedge Funds, including the
determination of ¡§Net Asset Value¡¨
„hƒn Preparing the Statement of asset and Liabilities and Profit and Loss Statement
„hƒn Maintaining contact with Investment Managers, Investors, Banks and Brokers
„hƒn Monitoring of irregularities an developments through ad-hoc reports
„hƒn Controlling payment transactions
„hƒn Liaising with international clients and other Citco Offices worldwide, to ensure that
client needs are met.
You will have the following background and competences:
„hƒn A bachelor degree in accounting, finance, or economics
„hƒn Affinity with investments and figures
„hƒn Attention to detail
„hƒn A team player, able to cope with individual responsibilities
„hƒn Highly accurate with excellent communication skills
„hƒn Proficient in MS Excel and MS Word
„hƒn Excellent proficiency in English (both verbal and written)
„hƒn Working experience in the financial area or public accounting is an advantage
Position 4 - Supervisor
Description: The Supervisor will be capable of preparing financial reports, in an
international and dynamic environment, for our clients who consist of investment
managers and institutional investors within those Hedge Funds as well as manage a
group of Hedge Fund Accountants and provide training and coaching to their staff.
Your most important tasks and responsibilities are:
„hƒn Monitor compliance of various agreements with the clients;
„hƒn Ensure 100% accuracy in the processing of corporate actions;
„hƒn Assist with new fund setups;
„hƒn Regularly monitor status of various accounts to ensure deadlines are met;
„hƒn Review accounting work and reconciliation packages prepared by staff;
„hƒn Review work to ensure reasonability of all matters affecting the NAV, classification of
assets and liabilities, and capital transactions;
„hƒn Review the calculation of hedge fund specific expenses (eg. management fees, incentive
fees, Citco fees);
„hƒn Ensure incentive fees agree to NTAS reports;
„hƒn Ensure adherence to all internal and external audit standards;
„hƒn Prepare and/or review financial statements;
„hƒn Participate in the fiscal year end audit process and provide information to auditors as
required;
„hƒn Ensure all checklists are utilized;
„hƒn Utilize SAS 70 checklist to ensure all procedures are followed accurately and
consistently;
„hƒn Assist Account Manager with allocation of work to staff;
„hƒn Carry out manager¡¦s delegation;
„hƒn Communicate with colleagues about administrative problems and devise plans to
address them;
„hƒn Keep managers abreast of all material issues affecting the NAV production process;
„hƒn Assist fund accounting staff to resolve day-to-day issues.
You will have the following background and competences:
„hƒn Bachelor degree in accounting, finance, economics or professional accounting
designation
„hƒn affinity with investments and figures;
„hƒn attention to details;
„hƒn a team player, able to cope with individual responsibilities;
„hƒn highly accurate and excellent communication skills;
„hƒn proficiency with MS Excel and Word;
„hƒn excellent proficiency in English, verbal and written;
„hƒn working experience in the financial area or public accounting is an advantage;
„hƒn experience managing and training staff;
„hƒn Demonstrated ability to work in changing, fast-paced work environment.
Position 5 ¡V Account Manager
Description: The Account Manager will form part of a professional team responsible for
financial reporting for a portfolio of international hedge funds and manage a team of
accountants, maintain client contacts plus interact with colleagues from other Citco
offices.
Your most important tasks and responsibilities are:
„hƒn Prepare monthly reporting package for the client
„hƒn Review monthly accounting work of staff of approximately 10 fund accountants
„hƒn Assist staff with their monthly work whenever the need arises
„hƒn Review monthly financial statements and reconciliation packages prepared by staff
„hƒn Act as liaison with the client on matters relating to the preparation of the monthly
reporting package
„hƒn Act as liaison with the auditors
„hƒn Prepare responses to the client on any number of issues and queries which they are
requesting from time to time
„hƒn Review administrative / accounting procedures and recommend solutions in order to
work towards a more efficient NAV production process
You will have the following background and competences:
„hƒn Masters or Bachelor degree in accounting, finance or comparable work experience
„hƒn Accounting experience of hedge / mutual funds or investment companies
„hƒn Supervisory / managerial experience
„hƒn Excellent written and verbal communication skills
„hƒn Skilled computers, including advanced MS Excel
„hƒn Demonstrated financial reporting / analytical / organizational skills
„hƒn Demonstrated leadership skills;
„hƒn Demonstrated ability to work in a changing, fast-paced work environment
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