Fund Accountant

Federated Hermes Limited; London; On-site; GBP 60,000 - 65,000; Full time

Job summary

A leading investment management company is seeking an Assistant Manager in Fund Administration. The successful candidate will oversee financial reporting for Private Debt investments and liaise with external administrators, ensuring effective management of financial controls and compliance. This role offers an opportunity to work collaboratively with various internal teams and third-party suppliers, contributing to continuous improvement initiatives.

Qualifications

• Previous experience in debt, real estate, or alternative investments required.
• Strong IT and accounting skills.

Responsibilities

• Supervise external fund administrator and ensure accurate reporting.
• Manage relationships with third-party suppliers and assess performance.
• Coordinate annual audit process and ensure compliance with deadlines.

Skills

Strong interpersonal skills

Communication skills

Negotiation skills

Analytical skills

Organizational skills

Problem-solving skills

Job description

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management, as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com

Main Function of Role:

The jobholder will be an Assistant Manager in the Fund Administration Team for unitised funds. This department oversees the fund administration processes for the Federated Hermes Private Debt funds, ensuring the appropriate oversight and financial controls are in place, and liaising with the relevant internal and external stakeholders.

The job holder is responsible for all aspects of financial and management reporting for a growing portfolio of Private Debt investments including segregated mandates, pooled vehicles and related sub-entities domiciled in Luxembourg. They are required to supervise the external fund administrator. They must ensure that all accounting and reporting is completed accurately and within deadlines and provide operational support to the Fixed Income and Asset Based Lending investment teams.

Key task and responsibilities:

• To provide cover for the Associate Director, Fund Administration in their absence. To contribute to the day to day activities of the Fund Administration Team including regular tasks and query resolution.
• Build & maintain relationships with the third party suppliers that are utilised by Federated Hermes, to include input to the Service Level Agreements (SLA’s).
• Review deliverables from the third party suppliers against the agreed SLA’s & KPI’s, and help manage performance via the weekly service meetings.
• Coordinate and review all aspects of the work of external administrators daily. Monitor progress on key deliverables and assess this progress against KPI’s.
• Work with the administrator and check all financial and management reporting for the Private Debt strategies including monthly and quarterly NAVs, management accounts, performance analysis and investor reports. Coordinate the annual audit process for the entities including liaising with auditors, ensuring that timetables are adhered to, and that all work produced is accurate. Providing information and explanations to external and internal auditors.
• Communicate regularly with the front office investment teams on finance and operational matters in relation to the funds under management.
• Manage all reporting timelines including filing deadlines for the debt funds and all companies in the structure, ensuring awareness of the status of all these at all times and that all deadlines (e.g. lenders, investors, statutory) are met.
• Check and coordinate drawdowns and distributions from/ to the investors.
• Comply with the company’s policies and procedures and complete monthly and quarterly reviews and related checklists.
• Working closely with the Client Relations team and assist with investor queries, RFPs, due diligence and ad-hoc requests.
• Assist Product Development on new fund launches to ensure all fund administration and financial reporting requirements are met and provide ad-hoc analysis to support project work.
• Participate in continuous improvement initiatives within the team making regular tasks as streamlined and effective as possible

Minimum knowledge & experience required:

• Previous experience in debt, real estate, other alternative investments or audit is required

Candidate Profile:

• Previous experience in debt, real estate, other alternative investments or audit is required
• Ability to work collaboratively with both external service providers and internal stakeholders
• Confident leader and self-starter
• Strong interpersonal, communication, and negotiation skills
• Ability to build and maintain influential relationships
• Excellent organizational and multitasking abilities
• Deadline and results focused; able to work and deliver solutions under pressure
• Strong IT and accounting skills
• Highly analytical, accurate, and methodical
• Effective communicator and problem solver
• Team player

Diversity, Equity, Inclusion and Flexible Working

We believe in genuine equality of opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.

We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.

We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector, particularly at senior levels.

We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at [e-mail] or [phone]. You do not need to share details of your disability or long-term condition.

If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at [e-mail] or [phone] to discuss the support you need.

Please be advised that applications will not be reviewed until the week beginning 14th July.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Investment Management

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