Fund Accountant, Private Equity

ABOUT KV CAPITAL

KV Capital is a diverse team of finance experts with a single purpose – to grow prosperity for our clients, partners and communities by creating great things in real estate. Since our founding in 2006, we have expanded our business across three connected areas of service: real estate private equity, real estate lending, and private equity investments in real estate supply chain businesses. Our experience and networks allow us to make connections that turn good deals into great ones.

Operating Company Private Equity (“PE”)

Launched in 2017, KV’s PE business invests in operating companies with strong business fundaments and clear growth catalysts. Currently, we manage investor capital across three funds. Fund I is a niche fund focused on manufacturing and distribution businesses in the RV space, currently in its exit stage. Fund II is a generalist fund focused on distribution companies in non-real estate sectors, currently in its hold stage. Fund III is a strategic real estate-adjacent fund, targeting companies that manufacture and distribute building products, currently in deployment.

Real Estate Equity Partners (“EQP”)

Launched in 2022, KV’s EQP business provides equity to experienced real estate developers across Western Canada.  Currently, we manage investor capital across two funds, both of which invest in mid-size “build and sell” real estate projects. Fund I is fully committed. Fund II is in the capital raising and deployment stage. 

POSITION                  Fund Accountant, Private Equity   

                                             (job title dependent on seniority of the successful applicant)   

LOCATION                Edmonton, Alberta

YOUR OPPORTUNITY

The Fund Accountant will play a pivotal role in our operating company and real estate focused private equity funds, involved in all aspects of accounting and reporting, including management and Board reporting of financial statements, investor reporting, year-end audits, cash flow forecasting, and tax reporting. Reporting directly to the Controller, Private Equity, you will also work closely with a third-party fund administrator. The ideal candidate will have a strong background in accounting, excellent analytical skills, a high level of attention to detail, and the ability to work effectively in a fast-paced environment. The successful candidate will be driven, collaborative, hard-working, and eager to contribute to KV Capital’s continued success.

YOUR KEY RESPONSIBILITIES

• Maintain the accounting records of the funds and their related entities by inputting financial transactions, reconciling accounts, and communicating with the third-party fund administrator as required.
• Manage accounts payable for the funds, including reviewing invoices for accuracy, processing payments, and distributing remittance advices to vendors.
• Perform all necessary payroll functions for the funds, including quarterly payroll for the Board of Directors, payroll deduction remittances and tax filings, and the preparation and issuance of ROEs and T4s to directors.
• Prepare monthly, quarterly and annual financial statements for the various funds in compliance with IFRS and ASPE.
• Assist in the preparation of quarterly reporting packages for distribution to investors, creditors and the Board of Directors.
• Prepare monthly cash flow forecasts for the funds, monitor cash reserve balances, and identify capital call requirements for future periods.
• Assist in preparing the annual budget and quarterly by gathering information, preparing supporting schedules, and reviewing assumptions for accuracy.
• Calculate portfolio and investor returns and report key return metrics to management on a quarterly basis.
• Review net asset value, income allocation, and fee calculations prepared by the third-party fund administrator.
• Coordinate interim and year-end fieldwork with the external auditors, action audit support requests, and coordinate with portfolio company personnel to ensure the timely completion of portfolio company audits
• Support tax compliance for the funds and related entities, calculating year-end tax estimates, preparing supporting working papers, reviewing T2 and T5013 returns prepared by the external tax advisors, and preparing quarterly GST returns.
• Respond to ad hoc inquiries from investors and internal partners including the investor relations, legal and commercial teams.
• Assist with other tasks and projects as needed.

YOUR CAPABILITIES AND CREDENTIALS  

• Bachelor’s degree in Accounting, Finance, or a related field.
• Chartered Professional Accountant (CPA) designation preferred (in process or completed – note this position will provide qualified hours for CPA candidates).
• 2+ years of work experience in accounting functions, preferably within private equity or public accounting.
• Strong understanding and knowledge of accounting principles, financial processes, and controls. 
• Exceptional analytical and problem-solving skills, with the ability to develop financial analysis and reporting efficiently and accurately.
• A strong attention to detail and ability to multitask effectively and meet tight deadlines.
• Ability to effectively prioritize and execute tasks in a high-pressure, entrepreneurial environment.
• Excellent communication and interpersonal skills.
• Demonstrated ability to work independently and take initiative and follow through on work assignments
• Advanced use of Microsoft Office Suite, with a demonstrated expertise in Excel.

APPLY NOW!

Join us at KV Capital and be part of a dynamic team that is redefining success in the real estate debt and investment landscape. We are passionate about our business, our culture and investing deeply in your growth and development to build for the future. We offer competitive total compensation, an engaging and collaborative environment, recognition for performance and opportunities for growth and advancement. 

For more information on our company, please visit our website at www.kvcapital.ca.  

To apply, please forward your resume and cover letter to: 

Careers@kvcapital.ca

Please indicate “Fund Accountant” in the subject line.