Fund Finance Associate Private Equity
Our client
Our client is an international infrastructure asset manager with more than £12 billion in assets under management.
Job Purpose
The fund finance team require a Qualified Fund Accountant to join the team and take on reporting and control responsibilities. You will play an integral part in the financial reporting and operations for the 4 unlisted infrastructure funds, with assets under management of over £3 billion. You will also gain experience in dealing with investor related queries relating to the funds, new fund investments and process improvements requiring collaboration with colleagues across portfolio management, wider finance, and the third-party administrator.
Responsibilities
Financial reporting, control and management
- Assist with the management of the fund reporting and control function for the four primary unlisted infrastructure funds
- Working closely with the Financial Controller and Third-Party Administrator to ensure timely and accurate reporting of the actual results of the unlisted infrastructure funds and intermediate holding entities on a quarterly basis
- Review of statutory accounts prepared under either FRS 102 or IFRS; working closely with the third party administrator, Portfolio Directors, Auditors and the wider business
- Quarter and year end close processes
Assist with the preparation of regulatory reporting
- Working closely with the tax department to ensure that all information required for UK, U.S. and overseas tax reporting is delivered to third-party service providers within required deadlines
- Oversight of quarterly AIFMD returns prepared by third party administrator; and coordinating any internal audit processes and the Quarterly Internal Control Certification process
FX Hedging and Treasury
- Undertake and monitor FX requirements on a deal by deal / currency by currency basis ensuring that best price is sought when entering into FX transactions
- Ensure all trades are executed, documented and communicated to the third party administrator; including meeting compliance and settlement deadlines
- Liaise with banks to ensure compliance with regulatory requirements
Payments and cash management
- Prepare weekly payment runs in line with fund requirements, including ensuring accurate coding of funds flow for payments through complex funding structures, including weekly updates of fund forecast cash flow and requirements
- Facility utilisations, repayments and associated management, including letters of credit
- Monitoring cash transfers between fund and project bank accounts to ensure compliance with finance agreements
Ad-hoc responsibilities
- Assist with new fund investments and disposals as and when required
- Work with the Portfolio Directors, third party administrator and wider business to identify efficiencies and process improvements
Skills and Qualifications
- Experience from a fund administrator working on PE / other closed ended funds OR someone coming from a Big 4 or larger mid-tier accountancy practice with experience auditing/preparing accounts for PE or similar fund management clients
- ACA/ACCA qualified accountant
- Strong Excel skills, competent with other MS suite of products (Word, PowerPoint)
- Strong project and relationship management skills; own initiative and proactive in finding solutions
- The ability to actively manage the third party administrator and numerous parallel tasks effectively through to completion
- Ability to work both independently and as part of a team
- Ability to manage and work to key reporting deadlines; organised with attention to detail
- Strong communication skills, both written and verbal
- Commercially astute professional
Familiarity with Investran an advantage