Analyst, Fund Accounting

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market companies in four core sectors, Technologies, Industries, Financial Services and Digital Infrastructure.

Job description

Under the leadership of the Vice-President, Finance of Novacap Management Inc., the financial analyst reports directly to the manager, funds accounting. The person is responsible for all accounting activities and financial analyses. The person plays an active role in ensuring that the quality of financial information is of the highest standard, and that regulatory deadlines are met.

Key responsibilities

Accounting and financial reporting

• Analyze the various transactions related to investment funds and prepare the related accounting until the financial statements are prepared.
• Keeping records of investment funds: preparing month-end accounting entries and tracking transactions between affiliates, etc.
• Prepare the quarterly and annual financial reports of private investment funds for partners, ensuring a high level of financial reporting quality, adherence to established deadlines, and compliance with applicable regulatory requirements.
• Obtain a good understanding of the legal documents governing investment funds to ensure compliance.
• Provide support to the team responsible for communications with external partners by addressing ad hoc information requests related to accounting and fund performance.
• Prepare files and manage year-end audit work for certain investment funds.
• Prepare a variety of financial analyses required by the finance manager / managers.
• Support the external fund administration team in managing daily accounting operations, as well as in handling ad hoc requests and specific analyses, to ensure the accuracy and continuity of financial activities.

Treasury

• Manage investment fund cash flow, including opening bank accounts, credit facilities, cash flow analysis, projections, etc.
• Prepare regular cash flow analyses to ensure sound management at the team's request.
• Prepare cash analyses for capital calls and rebates, including distributions to the General Partner.

Taxes

• Participate in the preparation of investment fund tax returns, tax slips and related partnership documents.
• Actively participate in the preparation of financial information for various tax engagements.
• Prepare compliance documentation to satisfy applicable Canadian, U.S. and other tax authorities.

Other functions

• Participate in the implementation of new systems.
• Ensure compliance with internal controls and policies implemented by the company.
• Provide the necessary administrative and accounting support required by his duties.

Required Skills & Profile

• Bachelor's degree in accounting.
• 2-4 years of relevant accounting experience.
• Experience in analyzing accounting data and reporting.
• Strong Microsoft Suite skills, including Excel.
• CPA accounting designation is an asset.
• Experience in financial services or investment funds is an asset.
• Bilingual (English and French).

Desired qualities

• Ability to work independently and critically.
• Ability to meet deadlines and manage deliverables simultaneously.
• Ability to work effectively as a team