Senior Accountant - Private Equity - FTC 6 Months

Gen II Fund Services; Guernsey (WY); Hybrid; USD 73,000 - 120,000; Full time

Job summary

Gen II Fund Services in Guernsey is seeking an experienced fund accountant to prepare annual financial statements for private equity funds and related entities under UK GAAP, US GAAP or IFRS. You will also prepare quarterly statements, review journals, maintain ledgers and support audits.

You will mentor junior staff, develop team procedures, and ensure ISAE 3402 controls are followed while meeting deadlines and liaising with clients and auditors.

Qualifications

• Actively studying towards ACCA/ACA or equivalent.
• 2–3 years accounting experience, preferably in financial services.
• Experience producing financial statements under UK GAAP, US GAAP or IFRS.
• Experience coaching and developing others one-to-one.
• Proficient in Microsoft Excel.

Responsibilities

• Prepare annual financial statements for PE funds and related entities under major GAAP.
• Prepare quarterly fund financial statements and investors’ capital accounts.
• Review journals and maintain general ledgers.
• Compile NAV packs and liaise with auditors.
• Ensure statements meet client, statutory and regulatory deadlines.
• Attend client meetings and assist with accounting matters as required.
• Assist with ad hoc accounting projects as needed.
• Oversee and develop junior accountants and trainees.
• Support ISAE 3402 control environment and internal procedures.

Skills

Financial reporting

GAAP knowledge

Mentoring

Excel proficiency

Audit liaison

Education

ACCA/ACA in progress

Tools

Excel

Job description

To deliver the financial reporting requirements for a high profile, complex private equity client, which may include a range of fund structures.

What you’ll be doing

Preparation of annual financial statements for PE fund and related entities in major GAAP (IFRS, US GAAP, UK GAAP)

• Preparation of quarterly fund financial statements, investors capital account statements and other financial reports
• Review of journal entries prepared by fund accountants and maintenance of general ledgers
• Compile & review a full file of working papers/NAV Packs for all financial statements prepared
• Liaise with auditors in respect of the financial audit of client entities as required
• Ensure that financial statements prepared are completed and signed off within client, statutory or regulatory deadlines
• Attend client meetings in respect of accounting matters as required
• Identification of complex and significant accounting technical issues, if any
• Assist in resolution of any accounting issues with Managers and Directors
• Prepare drawdown, equalisation and distribution filesAnalyse and interpret transaction documentation
• Preparation and maintenance of fund fee computations (e.g. management fees, carried interest, etc.) in accordance with Limited Partnership Agreements and other source legal documentation
• Oversight and supervision of more junior accountants and trainees
• Ensure team adherence to internal company procedures including ISAE 3402 control environment
• Development/enhancement of team specific procedures
• Assist with the creation and maintenance of client specific accounting processes and procedures
• Liaise with external contacts to obtain and provide required information
• Assist with and contribute to ad hoc projects as required

The ideal background for this role:

• At least actively studying towards a recognised accounting qualification (ACCA, ACA or equivalent), fully qualified accountant is preferrable but not required
• At least 2 to 3 years accounting experience preferably in financial services industry but not required
• Experience in producing financial statements to UK GAAP, US GAAP or IFRS
• Experience of developing and coaching others on a one-to-one basis
• Competent user of Microsoft Excel

Role Location/Hybrid Schedule

This role is based in Guernsey. 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.