Financial Director

Carnegie Consulting; London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading financial consultancy firm in London is looking for an experienced finance professional to oversee fund operations. The ideal candidate will be a fully qualified accountant with a strong background in private market funds and the ability to engage closely with portfolio companies. This role offers the potential for career progression to CFO and includes carry for the successful applicant.

Qualifications

• You must be based in the UK and have eligibility to work in the UK.
• No sponsorship is offered for this role.
• Knowledge of Lux structures and debt funds is a plus.
• Able to operate in a stand-alone capacity, with COO support.
• Hands-on operator; no task is too big or too small.
• Based in the UK and eligible to work; no sponsorship offered.

Responsibilities

• Manage external fund administrator and oversee fund operations.
• Engage with portfolio companies on financial reporting.
• Assist with the preparation of fundraising materials.
• Calculate quarterly gross/net IRR movements and waterfall carry calculations.
• Maintain controls, manage cash/funding processes, and ensure compliance.
• Prepare capital calls and distributions with Partners; engage with portfolio companies on reporting.

Skills

Fully qualified accountant (ACA, ACCA)

Experience in Private Market funds

Ability to operate independently

Hands-on operation

Education

ACA/ACCA qualified

Job description

This range is provided by Carnegie Consulting. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Overview

Our client is a European Private Credit investment business primarily financing technology companies. As they raise for a new fund and grow the business, there is a need to hire an experienced Finance professional to oversee all of Finance and Operations. You will be an experienced professional, ideally with a background in Private Debt/Credit or other areas of Private Markets.

The Role

• Manage our external fund administrator to oversee day-to-day fund operations and quarterly reporting
• Fund modelling and shadow accounts
• Prepare/review valuations and ensure full supporting documents are provided to auditors
• Manage banking, tax, annual audit processes and third-party vendors
• Calculate quarterly gross/net IRR movements and other fund metrics along with ad hoc waterfall carry calculations
• Controls & risk management (especially around cash/funding processes)
• Calculation and recommendation of capital calls and distributions to the Partners
• Engage with portfolio companies on financial reporting (e.g. covenants and ESG metrics), and reviewing/preparing funds flows where appropriate
• Manage finance & operations at the firm level, including expenses, invoicing, recharges, VAT/CT returns and compliance with regulations and internal policies
• Set up software tools and processes to facilitate optimal fund and firm operations and scalability
• Work with FX brokers to maintain monthly forward settlements and ensure fund cashflows are sufficiently hedged (where required)
• Assist with the preparation of fundraising materials, including fund presentation deck, due diligence materials, and ad-hoc due diligence requests

Requirements

• You will be a fully qualified accountant (ACA, ACCA)
• Relevant experience in Private Market funds
• Knowledge of Lux structures and debt funds would be a plus
• Able to operate in a stand-alone capacity, though supported by an experienced COO
• Willing to be a "hands-on" operator. No task is too big or too small
• You must be based in the UK and have eligibility to work in the UK. Sponsorship is not offered in this role

The Opportunity

• This is a genuine opportunity for someone to step into their first FD role from that of a senior controller
• Alternatively a chance to gain further experience at this level for a small fund
• The firm genuinely see this person as a future CFO so there is the chance of this role progressing in the future
• Carry is on offer to the successful applicant

Seniority level

• Director

Employment type

• Full-time

Job function

• Accounting/Auditing
• Industries: Venture Capital and Private Equity Principals and Investment Management

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