Fund Accountant

M7 Real Estate; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in real estate is seeking a Fund Accountant to join their team in London. The successful candidate will manage financial reporting, assist with budgeting and tax compliance, and work cross-functionally with various teams. This role requires a degree in accounting or finance, along with post-qualification experience. The ideal candidate will thrive in a fast-paced environment and possess strong attention to detail and interpersonal skills.

Qualifications

• 1-3 years of post-qualification experience required.
• Good understanding of UK GAAP and IFRS.
• Basic understanding of corporate acquisitions and disposals.

Responsibilities

• Preparing monthly/quarterly management accounts and financial reporting.
• Assisting in the Fund budgeting and forecasting process.
• Preparing and submitting VAT returns and assisting with corporation tax compliance.

Skills

Attention to detail

Interpersonal skills

Ability to multi-task

Written and verbal skills

Positive attitude

Education

Degree in accounting, finance, or taxation

Qualified Chartered Accountant (or equivalent)

Tools

Excel

Word

PowerPoint

Job description

Overview

We are seeking a Fund Accountant who thrives in a fast-paced environment to join our fund accounting and reporting team based in London.

The successful candidate must be able to manage multiple projects simultaneously, have excellent attention to detail, and possess good interpersonal skills.

The role will be based in London and will report to a Senior Fund Controller.

Skills and qualifications

• Degree in accounting, finance, or taxation.
• Qualified Chartered Accountant (or equivalent) with one to three years of post-qualification experience.
• Proficient knowledge of Excel, Word, and PowerPoint.
• Ability to work in a deadline-driven environment.
• Good written and verbal skills.
• Positive attitude.
• Self-motivated, able to multi-task and prioritize effectively.
• Good understanding of UK GAAP and IFRS.
• Good understanding of loan accounting principles and practices.
• Basic understanding of corporate acquisitions and disposals.
• Basic understanding of service charge accounting.

Key responsibilities

Fund reporting and accounting

• Assisting with the incorporation process of entities.
• Preparing monthly/quarterly management accounts for profit or loss, balance sheet, and cash flows, including month-on-month commentary on key movements.
• Manage monthly/quarterly financial reporting under local accounting principles and practices.
• Work cross-functionally with teams across asset management, investment management, financial planning and analysis, legal, and compliance.
• Preparing balance sheet reconciliations, schedules, and notes to ensure the financial statements present a true and fair view of the Fund's performance.
• Performing analytical reviews of balance sheet items to ensure performance is accurately reflected.
• Writing quarterly investor financial reports.
• Assist with the preparation of statutory standalone financial statements and input into consolidated financial statements.
• Oversee annual audit processes and maintain relationships with auditors.
• Understand key terms of facility agreements.

Investment management and forecasting

• Assisting in the Fund budgeting and forecasting process in collaboration with relevant teams.
• Supporting cash flow forecasting and treasury management, liaising with investment teams and maintaining fund models.
• Assist with distribution forecasts and analysis.
• Liaise with service providers including accountants, banks, administrators, lawyers, and custodians.

Infrastructure and operations

• Gathering, tracking, and verifying corporate documentation.
• Assisting with legal and other filings.
• Developing a more advanced understanding of Yardi functionality.

Tax compliance and tax accounting

• Preparing and submitting VAT returns.
• Assisting with corporation tax compliance.
• Building relationships with the in-house tax team.
• Escalating tax queries as appropriate.