Vice President, Fund Controller

Infrared Capital Partners; City of Westminster; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading infrastructure asset manager is seeking a Fund Controller to oversee financial and treasury management for their greenfield development infrastructure funds. The role involves preparing investor reports, managing treasury functions, and collaborating with investment teams. Ideal candidates will have experience in fund accounting, strong communication skills, and proficiency in Excel. This position offers significant exposure to infrastructure projects in a fast-paced environment.

Qualifications

• Background as a Fund Controller or sufficient relevant experience in a similar role.
• Experience managing lender relationships and working with fund facilities.
• Strong understanding of infrastructure valuations.

Responsibilities

• Preparation of quarterly investor reports and annual accounts.
• Management of treasury functions and cash flow forecasting.
• Support and coordination with investment and financial management activities.

Skills

Fund accounting

Financial management

Communication skills

Excel proficiency

Project management

Negotiation

Tools

Excel project finance models

Job description

Overview

You will take primary responsibility for one of our existing greenfield development infrastructure funds, fully raised and materially deployed, and you will support the wider team across the various unlisted infrastructure value-add funds managed by InfraRed. As a Fund Controller in the Portfolio management team, your role includes financial and treasury management, reporting, driving value-add initiatives on investments and providing technical advice as well as implementation support on transactional activities. You will also assist with investor reporting and disposals. Day-to-day financial management for each of the investments is outsourced to third-party providers, but requires direct support and coordination from the portfolio management / finance team. This position involves close collaboration with other members of the value-add infrastructure team and the broader InfraRed team, including the Investment, tax and central functions teams. This is an attractive career opportunity for a commercially astute fund controller seeking their next move. We offer exposure to significant infrastructure projects in a key role with an experienced and successful team.

Key Job Responsibilities

• Preparation of fund quarterly investor and internal reports, annual accounts, semi-annual valuations and investor returns (routine and ad hoc) with the support of the value-add team and third party administrators.
• Management of the treasury function – banking facilities, letters of credit and guarantees, foreign exchange hedging of investments, monitoring and managing cash positions, cash flow forecasting, investor drawdowns and distributions, subscriptions to and distributions from investments.
• Ensuring efficient administration, funding and maintenance of holding structures through the life of the investments and liaising with overseas administrators where applicable.
• Progressing with the Investment team the investment programme and monitoring the portfolio construction on an ongoing basis.
• Identification and management of value enhancements and asset management initiatives related to investments in the portfolio in conjunction with the Investment team.
• Attending and, if required, presenting at Investor Advisory Committee meetings, Annual Investor Meetings, Investment Committees and ad hoc investor meetings.
• Support of initiatives across Infrastructure including ad hoc transaction work.

Ideal candidates

• Background as a Fund Controller (with reasonable post-qualification experience) or sufficient relevant experience in a similar role with transferable skills
• Experience of working with fund facilities and managing lender relationships
• Good knowledge of fund accounting, financial management (including foreign exchange hedging) and managing transactions
• Solid understanding of infrastructure valuations
• Strong written and oral communication skills
• Proficiency in Excel and working with detailed Excel project finance models
• Experience of transaction support is beneficial
• Good project management skills and experience of managing or mentoring colleagues
• Service-focused and comfortable dealing with investors, internal teams and external auditors/bankers
• Demonstrated commercial experience in negotiations with third parties
• Tenacity, commercial awareness, organisational skills and ability to multi-task in a time-pressured environment
• Additional European language desirable

About InfraRed

InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure. InfraRed manages US$13bn of equity capital for investors around the globe in listed and private funds across both core and value-add strategies. InfraRed combines a global reach, operating worldwide from offices in London, Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people. InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.