Private Equity Fund Accounting

EDGE Executive Search Pvt. Ltd.; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a qualified Chartered Accountant to lead a dynamic team in fund accounting and financial reporting. This role involves managing key client deliverables, ensuring compliance with IFRS and US GAAP, and overseeing the preparation of financial statements for private equity funds. The ideal candidate will have substantial experience in the alternative investments sector, a strong understanding of credit instruments, and proficiency in MS Excel. Join a forward-thinking organization where your expertise will drive impactful financial management and reporting.

Qualifications

• Extensive experience in accounting and financial reporting in alternative investments.
• Strong knowledge of private equity and hedge fund accounting practices.

Responsibilities

• Manage day-to-day operations and ensure timely delivery of client reports.
• Prepare financial statements under IFRS and coordinate quarterly audits.

Skills

Chartered Accountant

Financial Reporting

Private Equity Funds

IFRS Knowledge

US GAAP Knowledge

MS Excel

SOX Documentation

Credit Instruments

Education

Chartered Accountant Qualification

Tools

eFront

Investran

VPM

Job description

The Job

We are seeking to identify a qualified Chartered Accountant towork on key client deliverables in fund accounting and group finance (monthly, quarterly and annual reporting requirements), for a major investment organisation.

Key responsibilities:

• Manage the day-to day team operations, prepare / review team deliverables before final submission to clients and achieve key performance indicators or specified Service Level Agreements
• Work closely with client stakeholders to resolve queries, support new business requirements, work with client auditors to resolve queries
• Completely own the Private Equity funds allotted.
• Be responsible for reviews and checks for fellow peers and juniors
• Tracking investments, divestments, drawdowns/ distributions and any income/expense related to the funds
• Monthly P&L reporting for the funds, preparation of fund expenditures packages and wire transfer requests
• Analyze and prepare expense allocations between multiple fund entities
• Prepare calculation of performance figures, waterfall calculations and others
• Complete month end close process along with all control checks and NAV calculations
• Prepare Financial Statements under IFRS and coordinate the audit on quarterly and annual basis
• Work on any system upgrades including data migration and testing
• Prepare workings for annual tax statements
• Detailed upkeep of all investor related data including joining/ leaving and any what-if analysis based on respective fund rules

Broad reporting deliverables will include:

• Monthly: Cash Book preparation, Clearing of Key suspense account, Intercompany reconciliations for allocated entities, Portfolio KPI analysis
• Quarterly: Quarterly investor reports, GP fee calculation, Allocation Journals and calculations and forecasting presentations
• Yearly: Annual Statutory reports, Investor reports, Tax Statements

Your Profile

• Must be a CAwith substantialwork experience in leading teams in accounting / financial reporting functional areas in the alternative investments sector (preferably worked in compiling books of account for private equity firms / hedge funds / financial services firms)
• Previous experience working with credit instruments including, but not limited to, equity, loans; bank loans, bonds, structured products (CLO, CDOs, etc.)
• Knowledge of private equity style waterfalls
• Working knowledge of IFRS and US GAAP
• Good working knowledge of MS Excel with an ability to create charts/pivot tables, knowledge of macros
• Previous experience in maintaining SOX documentation, testing and control procedures
• Working Knowledge of eFront, Investran and VPM is a bonus