Our client is seeking a Fund Accounting Manager specialising in Private Capital. This role involves overseeing the set-up and ongoing accounting of Private Capital funds, ensuring compliance with relevant legal and regulatory requirements, fund documentation, and applicable accounting standards. The successful candidate will report to the Associate Director of Private Capital and be a specialist in fund valuation, investor reporting, and accounting services provided to clients. This position is a full-time role.
Job Duties:
- Act as a key point of contact for clients, managing and resolving all client queries promptly.
- Collaborate closely with client counterparts and the Associate Director to coordinate client requirements and manage expectations.
- Assist in drafting Service Level Agreements with measurable KPIs during the onboarding of new business.
- Prepare and agree on accounting reporting templates with clients.
- Review fund documentation and provide comments for the launch of new funds.
- Oversee day-to-day servicing of Private Capital fund clients, ensuring alignment with Service Level Agreements.
- Proactively escalate service delivery issues or procedural concerns to the Associate Director or Head of Team.
- Supervise the timely delivery of valuations, capital accounts, and financial statements, ensuring compliance with fund documentation and accounting standards.
- Manage the reconciliation process for cash, stocks, and shares, ensuring all discrepancies are resolved promptly.
- Engage with external parties related to the fund, including Fund Managers, Auditors, and other service providers.
- Prepare and review performance fee calculations and distribution calculations as per fund documentation.
- Assist in the collection and payment of income/fees/expenses, ensuring timely processing.
- Liaise with auditors and manage the year-end audit process.
Job Requirements:
- Extensive knowledge of fund accounting practices and standards, particularly IFRS, UK GAAP, and US GAAP.
- Strong delegation and time management skills to prioritise multiple time-sensitive tasks.
- Proficiency in reviewing and managing a high volume of documentation efficiently.
- Strong analytical and problem-solving skills, with a focus on commercial and risk management solutions.
- Excellent understanding of fund structures and cash flows, alongside knowledge of Private Equity transactions.
- Competent in Microsoft Office, particularly Excel and Word.
- Experience within the finance industry, specifically in Private Capital fund accounting.
- Demonstrated experience in people management and team development.
- A recognised accountancy qualification (e.g. ACCA/ACA) is essential.
- Previous managerial experience or experience working with other Private Capital fund administrators is desirable.
What You’ll Love:
This role engages you in maintaining a strong reputation in the finance industry, providing opportunities for professional development within a collaborative environment. You will engage personally in regulatory oversight, policy creation, and risk-based supervision, amplifying both your skills and the organisation’s commitment to career growth.
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