Trainee Accountant

Gen II Fund Services; Southampton; On-site; GBP 25,000 - 38,000; Full time

Benefits offered by this job

Professional development opportunities

Job summary

Gen II Fund Services is seeking a trainee accounting professional to support the Centre of Excellence and deliver accounting services across Gen II offices. You will handle a portfolio of clients, perform bank reconciliations, prepare management accounts and tax computations, and assist with VAT work, ensuring timely delivery and adherence to Gen II procedures.

The role, based in the Southampton office, emphasizes collaboration and training with the team, with Agile Working options considered

Qualifications

• Direct experience of producing Management accounts and financial statements
• Experience in Real Estate or Private Equity fund environments
• Experience in keeping accounting transactions up to date and producing statements to IFRS or other standards

Responsibilities

• Hold portfolio of clients and perform regular bank reconciliations
• Prepare monthly/quarterly management accounts and bookkeeping
• Calculate NAV and value investments, recording income/expenses
• Prepare annual accounts and regulatory filings as needed
• Assist with tax computations and VAT returns
• Support operations teams during high volume periods
• Communicate financial information to clients and stakeholders

Skills

Accounting principles

IFRS knowledge

Attention to detail

Team player

Deadline driven

Education

Accounting & Finance degree

ACCA/ACA professional level

Tools

Investran

Yardi

Job description

What's the role?

In this exciting opportunity, you will support the Centre of Excellence service and deliver accounting services to the other Gen II offices, providing taxation, bookkeeping and accounting support to Private Equity team clients. All in line with the defined business activities. All tasks to be carried out efficiently and effectively, in accordance with Gen II’s procedures.

What You’ll Be Doing

• Responsible for a portfolio of clients;
• Performing regular banking platform reconciliations and escalating any anomalies;
• Completing the monthly and quarterly management accounts and bookkeeping;
• Calculating the Net Asset Value (NAV) of funds on a regular basis, including the valuation of investments and recording of income and expenses;
• Annual accounts preparation;
• Ensuring compliance with relevant regulatory requirements and preparing regulatory filings as needed;
• Supporting the wider Operations teams with day-to-day tasks, during high volume periods;
• Preparation of tax computations;
• Preparation of VAT Returns or VAT Reverse Charge calculations;
• Communicating with clients and other stakeholders to provide financial information and respond to inquiries;
• Direct responsibility for monitoring the efficient delivery of our services to each client in their portfolio and, indirectly, the responsibility for maximising the profitability of the client as follows by monitoring own work to ensure timely and efficient completion.

The ideal background for this role

• = Desirable

Qualifications

• University degree, preferably in Accounting & Finance
• Have a willingness to study towards an appropriate accounting qualification
  • ACCA/ACA professional level

Experience

• Direct experience of producing Management accounts and financial statements*
• Real Estate or Private Equity fund experience*
• Investran / Yardi experience*
• Experience in keep the accounting transaction up to date and produce financial statements to IFRS or other appropriate standards for a range of entities*

Knowledge & Skills

• An awareness and understanding of the local finance industry, legislation and regulatory requirements in which we operate*
• Working knowledge of IFRS or other appropriate accounting standards*
• Working knowledge of Microsoft Office
• Ability to work with demanding deadlines and be a team player

Role Location/Hybrid Schedule

This role is based in our Southampton office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working. The different ways in which Agile Working can be undertaken is dependent on the demands and needs of the business, the office space available and the individual’s preferences and circumstances. For this trainee role, we believe you should be office based to enable training and collaboration with the team.