Fund Accountant

17Capital; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A private credit manager is looking for a Fund Accountant in London to ensure timely fund reporting and support financial statements production. The role requires a Chartered Accountant with experience in private equity or debt. Candidates should be highly analytical with strong attention to detail and the ability to manage multiple workstreams. Excellent communication skills and a proactive mindset are essential. This position offers career development opportunities and competitive benefits.

Benefits

Career development

Competitive rewards and benefits

Qualifications

• Prior experience managing a reporting cycle for a closed-end fund.
• Experience in service provider oversight.
• Ability to self-manage across multiple workstreams.

Responsibilities

• Ensure timely delivery of quarterly fund reporting.
• Liaise with administrators and support NAV production.
• Support UK tax compliance matters.

Skills

Highly analytical

Meticulous attention to detail

Strong process management

Excellent interpersonal skills

Education

Qualified Chartered Accountant (ACA, ACCA, CIMA)

Tools

Lux GAAP

Job description

About 17Capital

17Capital is a private credit manager, specializing in NAV finance for the private equity industry. It provides non‑dilutive capital to high‑quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management. Founded in 2008, 17Capital has completed over 100 investments and 50 exits, deploying more than $13 billion since inception. 17Capital has raised $13 billion across six successive funds and mandates.

For more information, please go to www.17capital.com

17Capitals' Values

• Build trust – We behave and act in ways that earn trust
• Embrace "different" – We embrace new ideas and constantly strive to discover new ways of doing things
• Make things happen – We are agile and responsive in a way that delivers success for all our stakeholders
• Strive for excellence – We act with professionalism and adhere to our high standards

Overview of Department

The Fund Finance team currently comprises 13 team members who have responsibility across the preferred equity and credit funds. This is a rare opportunity to join an expanding and high‑performing team supporting the ambitious growth plans of the business. The CFO has over 20 years' experience and is supported by Finance Directors and Fund Controllers with significant PQE.

Position Summary

We are looking to add a Fund Accountant whose mandate will be to ensure the timely delivery of quarterly fund reporting and to have responsibility of the outsourced fund administrators in the production of the financial statements.

The role will include responsibility for calculating the valuations on portfolio investments. The individual will support the Fund Controllers and the Fund Operations Team in the day‑to‑day operations of the funds, working closely with the Controllers to understand the requirements of the funds.

The individual will be confident to liaise with people of all levels across the business and will be excited by the opportunity of taking ownership and responsibility.

This is a broad and exciting role with plenty of stretch, for someone looking to advance their career at a leading and fast‑growing private credit manager. The role is highly analytical, requires a keen eye for detail, ability to anticipate future events and propose solutions, and an enthusiasm for operationally developing the function.

Role & Responsibilities

Responsibilities will be focused on 17Capital Credit Funds and Co‑Invests with some exposure in future to the Preferred Equity Funds, given the size of the team and the growing platform. Responsibilities include but are not limited to:

Reporting

• Working day‑to‑day with 3rd‑party administrators and developing a strong working relationship with your counterparts on the funds
• Supporting and reviewing the Quarterly Financial Statements
• Supporting and reviewing NAV production prepared under Lux GAAP
• Monthly NAV estimate calculations
• Supporting the Audited annual accounts process
• Review of drawdown and distribution calculations
• Review of management fee calculations
• Preparation and review of waterfall/ carry calculations
• Daily interaction with administrators
• Interactions with Investor Relations (UK & US) to complete DDQs and ad‑hoc investor queries
• Working with service providers (Auditors, Banks, Tax Advisors)

Valuations

• Running valuation calculations for the investments for review and approval by the Senior Fund Accountants and Fund Controllers

Tax

• Provide support on UK tax compliance matters (review returns and ad‑hoc queries), Luxembourg (corporate and VAT) and US (Investor K‑1 reviews)

Person Specification

Technical Skills

• Qualified Chartered Accountant – one of ACA, ACCA, CIMA
• Technically strong in the application of Lux GAAP
• Prior experience of managing a reporting cycle and producing/reviewing financial statements for a closed‑end fund in private equity, private debt or hedge fund
• Experience in 3rd Party administrator and service provider oversight
• Experience in the use of technology‑based solutions to reduce reliance on Excel

Competencies

• Highly analytical with prowess for working with high volumes of numerical data
• Meticulous attention to detail and accuracy
• Strong process management and well organised
• Ability to self‑manage across multiple workstreams, both timetable driven and project based
• Proactive and organised with a creative mindset with the ability to bring new ideas, efficiencies and not afraid to challenge the status quo
• Ability to deal with highly confidential data, complete integrity and discretion is required
• Commercially minded and familiar with performance reporting, financial reporting and dealing with investors

Personal profile

• Team player with excellent interpersonal and people skills
• Good communication skills – written and oral
• Strong stakeholder management, ability to build relationships across the business
• Ability to manage up and set expectations
• A willingness to learn and engage
• Conscientious, hard working with excellent attention to detail
• Adaptable to changing work demands and ability to work across multiple deals or workstreams concurrently
• Able to manage time effectively and prioritise tasks
• Completer‑finisher mindset

Key Relationships and Stakeholders

Internal

• CFO and Finance Directors
• Fund Finance team (Fund Controllers, Senior Fund Accountants and Fund Accountants)
• Investment and Portfolio Management Team
• Investor Relations

External

• Fund administrators
• Bank loan admin departments
• FX advisor
• Tax advisors
• Investors

We can offer you:

• Career development
• Opportunity to learn and grow whilst making a meaningful contribution to the expansion of the 17Capital platform during an exciting time of the firm's life cycle
• Opportunity to step into a broad and exciting role that will provide the candidate with direct involvement and development opportunities in the key workstreams of a value‑add Finance function
• Competitive reward and benefits

Equal Opportunity Statement

17Capital is an equal opportunity employer and does not discriminate based on race, religion, gender, age, sexuality, gender identification, or physical ability. If you have a disability and need an adjustment during the application and hiring process, including support for the interview or onboarding process, please contact [e-mail].