Trainee Accountant

Gen II Fund Services; Whiteley; On-site; GBP 28,000 - 42,000; Full time

Job summary

Gen II Fund Services is seeking a Trainee Accountant to support its Centre of Excellence in delivering accounting services to Private Equity clients from our Southampton office. The role focuses on bookkeeping, management accounts, NAV calculations, tax computations and regulatory filings with a strong emphasis on accuracy and timely delivery.

The successful candidate will work closely with the Private Equity team, develop through ACCA/ACA pathways, and benefit from agile/ office-based working

Qualifications

• University degree, preferably in Accounting & Finance.
• Willingness to study towards ACCA/ACA professional level.

Responsibilities

• Manage a portfolio of clients and ensure timely delivery of financial statements.
• Perform regular banking reconciliations and escalate anomalies.
• Prepare monthly and quarterly management accounts and bookkeeping.
• Calculate NAV of funds and record investment income/expenses.
• Assist in annual accounts preparation and regulatory filings as needed.
• Support wider Operations teams during high-volume periods.
• Prepare tax computations and VAT returns or reverse charge calculations.
• Communicate with clients and stakeholders to provide financial information.

Skills

IFRS knowledge

Microsoft Office

Regulatory knowledge

Team player

Education

Degree in Accounting & Finance

ACCA/ACA professional level (willingness to study)

Job description

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

Your role may include, but will not be limited to, the following tasks which we call ‘Defined Business Activities’. The list of defined business activities is not exhaustive and may be amended from time to time:

• 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

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*
• 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.