iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $159 billion in global client assets invested in 1,288 funds, as of May 2023.

iCapital has been named to the Forbes Fintech 50 for six consecutive years (2018 – 2023); a back-to-back selection by Forbes to its list of Best Startup Employers (2021 – 2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below).

About the Role

iCapital’s rapid expansion in the Canada marketplace creates an opportunity for an experienced and talented tax professional to support its Canada expansion strategy in a newly created role within the Fund Finance Tax Services group. This role will service hedge fund and private equity fund of funds and access fund vehicles (the “funds”) in conjunction with third-party administrators and tax preparers to ensure timely tax reporting and communication, as well as drive continuous improvement throughout the processes.

Responsibilities

• Lead fund tax structuring for the creation of complex funds, including MFTs, Trusts, LPs, Master Feeders, and corporate entities along with providing recommendations on using blockers and structuring offshore investment vehicles for tax efficiency.
• Collaborate with legal, tax and business to analyze, identify, and draft efficient tax outcomes for new fund launches.
• Provide guidance and oversight on OIFP, FAPI, MDR and Dry Income across funds.
• Determine applicable tax treaty rates, claims and documentation to support lower tax rates on income distributions to the Canadian funds.
• Partner with Canada Product Development and Sales colleagues to identify tax-related reporting needs and compliance requirements associated with different structures in Canada and build scalable processes to support them.
• Coordinate and oversee third-party tax preparers and administrators on Canadian Revenue Agency (CRA) and province filings for all the Canada funds (including, HST/GST, T5013, and T3s).
• Oversee annual HST/GST compliance process and investor outreach.
• Assist in Canada fund launch activities, including tax due diligence and compliance support model setup.
• Reconcile and review investor demographics and tax documentation to support accurate tax treatment and resolve data discrepancies.
• Draft and monitor various internal and external calendars for different stakeholders such as investor relations, sales teams, and client relationship managers, and adhere to client service expectations.
• Manage the collection and distribution of tax information from underlying funds for all the Canada funds.
• Review taxable income calculation and allocations along with T5013, T3, NR4, T5 forms, and other related Canada tax slips.
• Coordinate wire payments and/or check requests for the Canadian funds.
• Participate in industry regulatory and tax forums (i.e., of PMAC (RIA Association) and CAASA (Canadian Alts Association and SIFMA in the US).
• Respond to federal and province tax notices, audits, and inquiries for the funds.
• Document and maintain procedures, workflows, metrics, and tax service level agreements.
• Manage Canada tax changes and educate internal stakeholders on Canadian tax matters.
• Manage US FATCA and the Common Reporting Standard process with external providers.

Qualifications

• Minimum 10+ years of experience in Canada Tax at a Senior Manager level
• A completed account designation LLB., J.D., or master’s degree a plus
• Experience with managing client expectations and communications, as well as solution development
• Understanding of investment partnership taxation and mutual fund trusts taxation
• Intermediate Excel skills
• Comfortable learning new systems and technology
• Proven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environment
• Strong verbal, written, and interpersonal communication skills
• Willingness to learn new topics and work in an evolving business environment
• Organized, self-motivated, detail-oriented, and able to see the big picture
• Passionate about being a part of our iCapital team and representing our company with integrity, dignity, and pride

Benefits

iCapital offers a comprehensive benefits package that includes a competitive total compensation program consisting of salary, equity for all full-time employees, annual performance bonus; 100% employer paid Group Benefits (including medical, dental, vison, prescription, insurance, virtual telemedicine and mental health counseling, and an employee assistance program) for employees and their dependents, unlimited paid time off (PTO), parental leave, and a corporate gym membership.

iCapital offers most employees the flexibility to work in the office three to four days and remotely for the remainder of the week.  Every department has different needs, and some positions will be designated in-office jobs, based on their function.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to support a fair and inclusive workplace, in which all applicants have an opportunity to fulfill their potential and every person has the right to equal treatment with respect to employment without discrimination.  iCapital does not tolerate any discrimination contrary to the Ontario Human Rights Code, including on the grounds of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability.

Manager/Assistant Manager, Assurance and Financial Reporting Services

SRCO

SRCO Professional Corporation, Chartered Accountant is a public accounting and consulting firm based in Richmond Hill, Ontario. We offer assurance, financial reporting, tax and advisory services to our broad base of clients. The firm is registered with the Canadian Public Accountability Board (CPAB) and the Public Company Accounting Oversight Board (PCAOB) and perform audit services for reporting issuers in Canada and the United States.

SRCO is committed to providing an enriching and rewarding work environment with opportunities for growth and advancement for all employees. We are continuously growing and the growth of our firm translates into the growth of our people. At SRCO, you will have the opportunity to work closely, on a variety of challenging assignments, with senior executives and clients to gain a well-rounded perspective, while attaining desired goals and aspirations.

We believe in a people first philosophy and consider our people as our greatest asset. We strive to keep our people motivated through a positive and flexible work environment and providing a work-life integration. We develop our people through regular formal and informal trainings and offer a long-term career path.

Career Opportunity

We are seeking a suitably qualified high performing professional to join our Assurance and Financial Reporting team as a Manager. You will be responsible for the execution of our risk based audit approach and leading audit teams during the fieldwork. In addition, you will have the opportunity to provide financial reporting and other services to our non-assurance clients.

The position reports to Senior Manager or Partner and will have direct responsibility for a number of audit teams as follows:

• Manages a portfolio of clients and deliver high quality assurance and financial reporting services.
• Manages project budgets, WIPS, timely billing and collection and variance recognition.
• Maintain the highest technical and professional standard.
• Think strategically about client needs by understanding their business and key risks.
• Addresses situation before they become crises and develops solutions to avoid recurrence.
• Identifying ways to maximize the relationship with clients and deliver added value.
• Coach, train and develop auditing staff to upgrade their knowledge.
• Be seen as a role model and undertake wider office activities, as required.

Requirements

• CPA, CA designation.
• Minimum of four years of audit experience in a professional services firm, including audit of public companies.
• Knowledge of US GAAP/ PCAOB standards would be an asset.
• Excellent project management skills and ability to manage relationships.
• Excellent communication and interpersonal skills that allow you to thrive in a team environment.
• Demonstrate an ability to multitask in a fast-paced and changing environment.
• Detail oriented with thorough technical skills and experience regarding applicable financial reporting and auditing standards.

The Package

We offer comprehensive benefits and opportunities for professional and personal development. Details regarding compensation will be based on the successful candidates’ knowledge, skills and experience. We thank all candidates for applying. Only those selected for an interview will be contacted.

Senior Associate

SRCO

SRCO Professional Corporation, Chartered Accountant is a public accounting and consulting firm based in Richmond Hill, Ontario. We offer assurance, financial reporting, tax and advisory services to our broad base of clients. The firm is registered with the Canadian Public Accountability Board (CPAB) and the Public Company Accounting Oversight Board (PCAOB) and perform audit services for reporting issuers in Canada and the United States.

SRCO is committed to providing an enriching and rewarding work environment with opportunities for growth and advancement for all employees. We are continuously growing and the growth of our firm translates into the growth of our people. At SRCO, you will have the opportunity to work closely, on a variety of challenging assignments, with senior executives and clients to gain a well-rounded perspective, while attaining desired goals and aspirations.

We believe in a people first philosophy and consider our people as our greatest asset. We strive to keep our people motivated through a positive and flexible work environment and providing a work-life integration. We develop our people through regular formal and informal trainings and offer a long-term career path.

Career Opportunity

As part of our continued growth, we are looking for a designated professional to join our team, based in Richmond Hill, as a Senior Accountant - Public Companies.  As part of your role, you will be expected to perform, from cradle to grave, procedures in relation to audit and review engagements including:

• Oversee and/or have direct participation with the planning, preparation and completion of audit engagements primarily for public companies.
• Perform first review of financial statements for appropriate disclosure in accordance with IFRS/US GAAP.
• Preparation or review of working paper files and corporate tax provisions and returns
• Preparation of appropriate client correspondence and various other audit-related reports, as required.
• Identify and research potential resolutions for technical issues that arise during engagement procedures.
• Supervision guidance and training of intermediate and junior staff
• Monitoring progress of work being completed on the files and communication to manager and partner.
• Establish and maintain communication with the clients as necessary including coordinating onsite visits and engagement timing.

Requirements

• University degree coupled with the completion of the CPA/CA final exams.
• Minimum of two years’ audit experience, preferably in a mid-sized public accounting firm.
• A history of public company engagements.
• Able to manage a high volume of work flow.
• Strong planning and organizational skills; solid verbal and written communication skills.
• Able to manage accounts from start to completion including consulting directly with clients.
• Able to thrive in a fast paced environment while still maintaining a high level of accuracy and attention to detail.

The Package

We offer comprehensive benefits and opportunities for professional and personal development. Details regarding compensation will be based on the successful candidates’ knowledge, skills and experience. We thank all candidates for applying. Only those selected for an interview will be contacted

SENIOR PROJECT ACCOUNTING MANAGER

Toronto, ON

Our Client:

Our client is a fully diversified private property development company that has been carrying out land development, construction, and property management in Canada and the United States for more than 50 years. They are one of Toronto's most experienced and innovative real estate development companies and have earned a reputation for award-winning construction quality, beautiful designs, and efficient living spaces.

Position Overview:

• Manage and oversee the full accounting cycle for multiple development projects.
  • Perform timely month-end close and ensure recording all pertinent transactions including setting up of monthly accruals and properly documenting journal entries
  • Perform regular bank, trust deposit and loan reconciliations
  • Review and preparation of receivables and ensure timely collections
  • Monthly reconciliation of intercompany accounts
  • Monthly review of projects’ trial balances and maintenance of key schedules for letters of credit, loan amortizations, other and accrued liabilities, and equity roll; and ensures that all control accounts are reconciled to the subsidiary ledgers
  • Manage cost ledgers for any misclassification of costs and record required cost accruals (invoices, interest, cost to complete, etc.)
  • Record acquisition entries and analyze joint venture and management agreements
  • Monitor the purchase order and contracts with change orders are in line with the commitments and budgets and processes are maintained.

• Prepare monthly draw requests (equity cash calls, deposits, and/or construction loan), coordinate, and respond to project monitor inquiries
  • Maintain ongoing analysis of project budgets on a pro forma basis
  • Cost variance analysis and accruals
  • Track and analyze joint venture fees
  • Recording of loan proceeds and ensure completeness of back-up information
• Manage home closing process and bank loan pay-out
  • Review of purchasers’ files, prepare the interim and final closing worksheets, coordinate and approval of Statement of Adjustments, and post sales
  • Record unit closing entries and loan payments
  • Calculate cost of sales allocation on closed units, and cost-to-complete accruals
  • Prepare cashflow forecast including waterfall distribution (return of capital and cash distribution)
  • Reconcile property taxes by unit and calculate purchasers’ tax refund, if any.
  • Facilitate mortgage and construction financing and maintain schedules.

• Manage projects’ reporting

• • Prepare financial reports for submission to internal and external partners
  • Assist in compliance reporting to lenders and government
  • Monthly filing of projects’ HST return
  • Prepare year-end working papers, review adjustments, and manage audit requirements
• Administration and process improvements
  • Set up project budgets, change orders and estimates in the accounting system, as well as implement control and maintenance activities including the PUD accounts.
  • Coordinate with the operations and other teams to process monthly property financials (i.e. invoice coding, purchase orders, project details and variance analysis) as needed.
  • Identify and implement process re-engineering opportunities
  • Ensure compliance with Generally Accepted Accounting Standards (IFRS and ASPE), internal audit and client accounting services and internal review standards.

What you must bring to this role:

• Minimum 7 years in a Project Accounting in Construction/Development
• People management experience 1+ year
• CPA Designation is a bonus
• Skilled with Excel and Yardi (Or a similar ERP software such as NEWSTAR, JD Edwards, etc.)

Financial Controller

Vaughan, ON

Our Client:

Our client is a successful manufacturing company in the Concrete production Industry. Since 1964, they have been one of the top players in concrete flooring for all types of commercial projects. They are experts in their field.

Position Overview:

They are looking for an experienced Financial Controller to join their team and run the entire financial operation. The Financial Controller will be responsible for overseeing the financial activities of the organization, including budgeting, forecasting, financial reporting, and compliance. The Financial Controller will be overhauling their accounting department, to modernize their systems, implement controls, and ensure the smooth operation of the department. This is a great opportunity to join a growing company and make a real impact on their success.

What you will achieve in this role:

• Develop and maintain financial policies and procedures, by implementing new systems to achieve smooth operation.
• Prepare monthly financial statements and reports
• Monitor cash flow and ensure compliance with internal controls
• Oversee accounts payable/receivable functions
• Analyze financial data to identify trends and opportunities for improvement
• Manage audits, tax filings, and other regulatory requirements
• Provide guidance on investment decisions
• Ensure compliance with applicable laws and regulations

What you must bring to this role:

• Formal education in accounting
• CPA Designation (Preferred)
• 8+ years in a financial controller position, with experience leading and modernizing a department.
• Strong knowledge of accounting principles, practices, standards, laws, and regulations
• Preference to candidates with a Manufacturing and Costing background