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Fund Accountant

London, United Kingdom
Competitive Salary
Closing date
Sep 24, 2022

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Job Role
Contract Type
Full Time
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Fund Accountant

Our client is a leading independent UK focused mid-market private equity firm with over £7bn AUM. There has been significant growth in the funds part of the business in recent years. Currently there are 11 institutional funds (22 partnerships) with over 100 investors and c. 65 deal specific, general partner and carry entities.

Role and team

Despite the fund accounting and administration functions being outsourced, there is a high volume of funds related work that is completed in-house. The firm provides a best-in-class service to its investors and in order to meet these high standards takes a hands-on approach managing the outsourced fund accountants / administrators. The Fund Accountant will work alongside and support the Fund Accounting Manager and the other two Fund Accountants and report to the Fund Accounting Manager.

The funds finance team comprises of the Head of Finance, Fund Accounting Manager and three Fund Accountants. The team has support from and works closely with other members of the finance team including Portfolio Managers, General Counsel and the Corporate Accountants. There is a collegiate environment, it is an open team and colleagues are willing to help out to work through challenges together.





The core responsibilities shall include, but not be limited to, assisting with:

- review of quarterly and annual accounts for various co-invest funds, including deal specific and carry entities

- preparation of quarterly investor reporting for the co-invest funds

- regular cash management duties

- preparation and review of drawdowns and distribution waterfalls

- investor queries

- preparation of monthly IRRs for the portfolio, funds and investors

- preparation and review of annual UK, US and German taxation requirements

- liaising with the outsourced fund administrators

- maintaining the accuracy and integrity of accounting data presented to investors

- liaising with the deal team to facilitate the deal process

- various projects to help make the function 'best-in-class'

Prerequisite skills and experience

The ideal candidate is:

- A chartered/certified accountant - up to 1-2 years qualified, with fund accounting experience gained in either practice or industry.

- Able to manage short and medium-term projects to meet ultimate deadlines

- Able to work independently and enjoy researching technical matters, whilst knowing when it is appropriate to ask for further guidance

- Confident in dealing with a wide range of stakeholders

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