Fund Accountant

NACBA; Greater London; Hybrid; GBP 55,000 - 75,000; Full time

Job summary

NACBA seeks a Fund Accountant/Assistant Fund Controller to join its London finance team. You will support a portfolio of open-ended private credit and private equity funds, gaining broad exposure across the fund lifecycle.

Working closely with the Fund Controller, you will oversee NAVs with third-party administrators, handle investor subscriptions, redemptions, and capital calls, and prepare quarterly and annual statements. This role suits someone early in their fund-finance career.

Qualifications

• Strong grounding in fund accounting, audit or fund financial reporting.
• Experience in alternative investment managers, Big Four, or leading fund administrators is preferred.
• 3–6 years' relevant experience; qualified or part-qualified (ACA/ACCA/CA/CPA or equivalent).

Responsibilities

• Oversee NAVs and fund accounting produced by third-party administrators.
• Manage investor allocations, subscriptions, redemptions, capital calls and distributions.
• Prepare quarterly and annual financial statements and investor reporting.
• Contribute to fund valuations, including illiquid private credit and equity investments.
• Handle cash management, liquidity, expense allocations and management-fee calculations.
• Liaise with administrators, auditors, tax advisers, legal teams and other service providers.
• Support investment teams and senior stakeholders with fund and transaction analysis.
• Review fund activity against LPAs, offering documents and side letters.
• Improve controls, reporting and fund-finance processes.
• Support automation, systems and AI-led initiatives in the finance function.

Skills

Fund accounting

Audit

Fund financial reporting

Education

ACA/ACCA/CA/CPA or equivalent

Job description

We are working with a rapidly growing global alternative investment manager to hire an Fund Accountant/Assistant Fund Controller into its London finance team.

The firm manages a range of private and liquid investment strategies, with a particular focus on private credit, special situations and private equity.

This is an excellent opportunity for someone in the earlier stages of their fund-finance career who wants to gain broader exposure within a sophisticated alternative investment platform.

Working closely with the Fund Controller, you will support a portfolio of predominantly open-ended private credit and private equity funds, gaining exposure across the full fund lifecycle rather than operating within a narrow accounting remit.

The role

You will be involved in:

1. Oversight and review of NAVs and fund accounting produced by third-party administrators
2. Investor allocations, subscriptions, redemptions, capital calls and distributions
3. Quarterly and annual financial statements and investor reporting
4. Fund valuations, including exposure to illiquid private credit and equity investments
5. Cash and liquidity management, expense allocations and management-fee calculations
6. Liaising with administrators, auditors, tax advisers, legal teams and other service providers
7. Supporting investment teams and senior stakeholders with fund and transaction-related analysis
8. Reviewing fund activity against LPAs, offering documents and side letters
9. Improving controls, reporting and fund-finance processes
10. Supporting automation, systems and AI-led initiatives as the finance function continues to evolve

The individual

We are looking for someone with a strong grounding in fund accounting, audit or fund financial reporting, ideally gained within an alternative investment manager, Big Four firm or leading fund administrator.

You are likely to have approximately 3-6 years' relevant experience and could be qualified or part-qualified ACA / ACCA / CA / CPA or equivalent.

Experience of private credit, private equity or another alternative investment strategy would be advantageous, although candidates with strong technical fund-accounting experience who are looking to develop their private-markets exposure will also be considered.