Assistant Manager, Fund Accounting

Pinnacle Fund Services - Toronto, ON (30+ days ago)

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Company description

Pinnacle Fund Services 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.

Job description

As a member of the Management Team at Pinnacle, 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 and are highly involved in the decision-making process
  • be part of a team that encourages innovation to increase efficiencies
  • contribute to a growing company that encourages you to grow your career with it
  • be part of a great work environment where your work will be appreciated and your efforts will be recognized
Working closely with the Management team in both Vancouver and Toronto, the candidate will be responsible for assisting with the management of a large institutional client and will have the opportunity to significantly contribute to Pinnacle’s success. The Assistant Manager role is a transitional / developmental role leading to Manager within Pinnacle.


Reporting to the Senior Manager, key responsibilities will include, but are not limited to:

Assisting in the management of a key client relationship
Reviewing monthly net asset valuations performed by fund and senior fund accountants prior to release to clients and investors
Level 3 securities - Reviewing monthly deal pricing workbooks and client’s valuation methodology in line with derivative contracts
Reviewing daily cash as booked by fund accountants
Identifying and implementing solutions to problems (accounting, operations, investor service) and assisting with further improving our processes and procedures
Managing queries from staff and the client to ensure high client satisfaction
Assisting with the coordination of year-end audits/tax reporting with the client and independent auditors
Preparing/reviewing draft annual financial statements
Preparing/reviewing bespoke reports to address client requests
Investor management – directly communicate with investors based upon requests and AML requirements
Ensuring all processes and output are consistent with Pinnacle’s standards and procedures and that Pinnacle’s control environment is maintained

Desired skills and experience

  • Bachelor’s degree
  • Minimum 5 years prior experience in a client-facing and/or accounting related role
  • Extensive knowledge of investment fund investor accounting concepts including:
Class/series accounting
Partnership accounting
Accounting for complex management and incentive fee terms (hurdle rates)

  • Strong knowledge of US generally accepted accounting principles (GAAP)
  • Experience in GAAP financial statement preparation, including strong understanding of hedge fund structures (master-feeder, fund-of-funds)
  • Experience with Level 3 securities
  • Strong team and interpersonal skills
  • Effective decision maker
  • Strong communication, accounting, industry and relationship management skills
  • Strong leadership skills – can effectively delegate but intervene when necessary to ensure deadlines are met
The following would be nice to have, but are not required:
  • CPA/CA a plus but not required
  • PFS Paxus Fund Accounting System experience
  • Reinsurance experience
Position type: Permanent full-time

Location: Downtown Toronto

Salary: Competitive compensation & benefits, including performance bonus & payment of CPA courses and professional dues.

To apply for the above position, please send your resume and cover letter to