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Fund Accountant

REF: 372 | Fund Administration |
  • Type: Permanent
  • Job #372

Purpose of the role:

To ensure that at all times clients receive a premier and proactive service, all accounting activity is identified, prioritised and handled in a timely and efficient manner and that clients receive consistent high levels of service.

Responsibilities:

  • Prepare periodic financial statements and deliver financial reporting services on a portfolio of closed-ended funds, structured as limited partnerships and unit trusts; to have ownership, responsibility and accountability for specific funds and related entities and the services provided by the company to these clients
  • Build a thorough understanding of the activities of each of the funds and entities for which you will have responsibility and ensure that all necessary activities and actions are organised and undertaken in a timely, diligent and accurate manner
  • Develop and maintain good professional relationships with each client, ensuring that all communications, whether written, verbal or face-to-face, are handled in an appropriate, professional and effective manner
  • Maintain the accounting records of each entity in accordance with the fund’s constitutive documentation and with consideration to market expectations and best practice (e.g. BVCA/EVCA), client requirements, applicable laws and regulations, and accounting standards. This will include the production of annual and periodic financial statements, investor capital accounts, reviewing valuations, undertaking reconciliations, calculation of performance fees and providing other financial information as required
  • Obtain transaction information on funds and related entities, from internal and external contacts, extrapolate the necessary accounting information and ensure that the transactions are captured in FrontInvest and the relevant accounting ledgers
  • Ensure that all accounting records are maintained in a timely manner and to a high standard, in both physical and digital format
  • Liaise with the administrators within the team to ensure that each client’s accounting and financial reporting requirements are met, and that each client receives a unified professional service
  • Contribute to the team’s overall performance and suggest changes that enhance service levels and efficiencies
  • Provide cover for colleagues during holidays or other periods of absence
  • Contribute to achievement of the departmental generic objectives
  • Ensure all activities and services are delivered in compliance with the policies and procedures. Where you believe it may be preferable to diversify from an established policy or procedure, raise this with the team manager and contribute to an assessment of whether such a diversification should be facilitated
  • Ensure that each fund is run in accordance with the terms and conditions detailed in the constitutional documentation, the relevant administration agreement, fee agreement etc. and in accordance with all relevant laws and regulations

Skills required:

  • Have a solid practical understanding of bookkeeping and accounts preparation for private equity / venture capital funds, including IFRS reporting requirements
  • Possess an ability to garner and interpret information quickly
  • Demonstrate a high degree of accuracy and a meticulous approach to financial reporting, ensuring that all activity is undertaken in line with professional standards
  • Have experience of dealing with ‘blue chip’ investment managers and delivering the levels of service that they and their investors expect
  • Hold or be working towards an appropriate qualification (ACCA, ACA etc.)
  • Have the ability to work as a team member
  • Present positive solutions in the face of challenges and have the confidence to escalate issues if necessary
  • On occasion, work additional time to ensure deadlines are met
  • Have a good level of competency with Microsoft Office (primarily Outlook, Excel and Word)
  • Working knowledge of FrontInvest or similar funds’ system will be an advantage
  • Ensure that you maintain the CPD standards necessary for their professional qualification / regulatory accreditation

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