Fund Accountant

London LGPS CIV Ltd; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A public sector investment firm in Greater London is searching for a Fund Accountant to oversee fund administration and financial reporting processes. The role involves delivering timely NAV calculations, managing tax reporting, and collaborating with external auditors. Ideal candidates will possess strong analytical skills, fund accounting experience, and the ability to thrive in a dynamic environment. This position offers the chance to contribute to high-quality fund management within a collaborative team.

Qualifications

• Experience in fund accounting or administration within private markets.
• Strong understanding of accounting principles for private markets.
• Excellent analytical skills with attention to detail.

Responsibilities

• Deliver accurate NAV calculations and financial statements.
• Oversee cash forecasting and fund distributions.
• Manage tax reporting and due diligence.

Skills

Fund accounting experience

Analytical skills

Attention to detail

Communication skills

Organisational skills

Collaboration skills

Proficiency in Microsoft Excel

Job description

Purpose

As a Fund Accountant at London CIV, you will play a critical role in supporting the delivery of high-quality and cost-effective fund administration across LCIV's Unit Trusts, including a series of exempt unauthorised unit trusts (EUUTs), as well as other investment structures within private markets. Reporting directly to the Head of Private Funds Accounting (HoPFA), you will be responsible for a range of accounting and operational duties, from day-to-day fund administration to contributing to the development of internal procedures and oversight of outsourced providers.

This is a hands-on role requiring strong technical and organisational skills, a proactive and detail-oriented approach, and the ability to collaborate effectively within a small, dynamic team.

What You'll Be Doing

For the portfolios assigned to you, you will be responsible for a range of activities including...

Fund & Financial Reporting

• Deliver accurate and timely NAV calculations, statutory financial statements, and fund sections of quarterly investor reports.
• Assist in year-end audit processes, working closely with external auditors and internal teams.
• Contribute to the timely and accurate completion of cost transparency templates and net fee savings reports.

Performance & Data Oversight

• Support the review of performance reports prepared by third-party administrators.
• Validate data, coordinate reporting templates, and liaise with internal teams to ensure accurate fund-level reporting.

Cash & Treasury Management

• Oversee cash forecasting, fund distributions, payment processing, and capital call cycles.
• Supervise outsourced Transfer Agency and Custodian functions to ensure timely and accurate service delivery.

Tax Reporting

• Manage tax reporting across fund structures, including EUUT and partnership returns prepared by tax advisors.
• Work with advisors to deliver timely information and support tax due diligence related to asset acquisitions or disposals.

Governance & Risk Management

• Help ensure fund documentation is kept current and compliant with applicable regulations.
• Contribute to the implementation and monitoring of internal controls and risk management processes.

Procedures & Process Improvement

• Draft, update and maintain internal procedures aligned with policies and regulatory expectations.
• Support strategic projects aimed at improving processes and operational efficiency.

Outsourcing & Vendor Oversight

• Assist in managing relationships with third-party service providers, ensuring service quality, value for money, and alignment with fund objectives.

Ad Hoc Projects

• Participate in fund launches, regulatory initiatives, due diligence exercises, and other cross-functional projects.
• Collaborate with Portfolio Managers and internal teams to support wider business initiatives.

What You'll Bring

Essential

• Prior experience in fund accounting or administration within private markets, private equity, or broader financial services.
• Strong understanding of accounting and financial principles relating to private markets fund structures.
• Excellent analytical and numerical skills with a high level of attention to detail.
• Proficient in Microsoft Excel and Word.
• Strong organisational skills and the ability to manage multiple tasks in a fast-paced environment.
• Excellent verbal and written communication skills; confident engaging with stakeholders across levels.
• A collaborative and proactive approach; ability to thrive in a small, dynamic team.
• Personal commitment to high professional standards, including integrity, equality and diversity.
• Working knowledge of risk and compliance practices within fund operations.
• Alignment with the Nolan Principles appropriate to public life

Desirable

• Experience supporting or managing outsourced fund administration and custody relationships.
• Exposure to private equity, fund of funds, infrastructure or real estate structures.
• Involvement in year-end audit preparation and liaising with external auditors.
• Demonstrated ability to identify inefficiencies and implement process improvements.
• Strong decision-making skills and ability to provide well-reasoned advice.
• Experience working on projects related to fund launches or regulatory changes.
• Exposure to legal documentation and operational review during fund setup or modification.

Note :

This job description is aimed to be illustrative and is not exhaustive of all the duties and responsibilities which could be contained within this position. The role holder may be asked to undertake other duties and responsibilities which are commensurate with this area of work and grade.