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Assistant Manager - Fund Accounting (Private Equity)

LRI Invest S.A.
Johannesburg Johannesburg Gauteng, South Africa
Closing date
Sep 27, 2023

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Job Role
Accounts Assistant
Contract Type
Full Time
Assistant Manager Fund Accounting - Private Equity
Role Location: Johannesburg, SA Department: Private Equity / Fund Accounting Employment Type: Permanent, Full time
Role Summary: The Assistant Manager is responsible for overseeing the completion of accounting activities and resultant NAV calculation for a portfolio of Private Equity funds. This includes completing first level checks and reviews required for all accounting related tasks, as well as some investor communication and reporting tasks. They will be required to support and report to the Client Sending Location (CSL) office. This entails processing accounting info from booking stage to the final NAV stages, the preparation of yearly financials as well as the drafting and review of capital calls and distribution notices and CAS. There may be a requirement to be the point of contact of clients on all accounting related tasks. The candidate is responsible for managing the day-to-day operations of the team and assist his/her manager in delivering terms of the Group's target operating model and ensuring a proper control environment so as to be able to deliver quality and timely outputs to CSLs offices.

Key Responsibilities:

Managing day to day activities in line with internal and external SLA timeframes
Interacting with Private Equity principals and related stakeholders
Reviewing, understanding and discussing fund governing documents with staff and clients
Taking responsibility for all aspects of operations and controls, including setting up funds on accounting platforms either Investran, Efront or Allvue, processing transactions, and drafting NAVs and financials, amending NAVs for comments received from CSL or clients, preparation and issuing of investor reports, and performing review and quality work
Responding to investor, client and internal enquiries
Providing periodic reports and feedback to upper management
Adhering to Investor Services procedures and policies in line with regulations globally and Apex's group policy
Assisting with the processing of investor requests
Checker duties
Subject Matter Expert for private equity accounting with some experience on waterfall calc / subsequent closes etc.
Participation in ad hoc projects in addition of day-to-day duties
Working as part of a larger global team in the case of outsourced activities


A background in a fund accounting team (5+ years), for alternative funds at a top tier institutional fund administrator
Working knowledge of Private Equity Fund Administration systems
Able to adapt quickly to challenging and changing priorities
Up to date accounting standards (IFRS/US GAAP) and Fund industry knowledge
Strong planning and organisational and entrepreneurial skills
A detailed understanding of Private Equity Fund structures and the fund administration business
Basic knowledge of Investor services / Transfer Agency, banking and hedge fund accounting concepts
Strong communication (verbal and written) and problem-solving skills
Good interpersonal skills to develop working relationships with colleagues, clients, other divisions/ offices of the bank and professional intermediaries
Must be able to work with all levels within the organisation
Strong multi-tasking skills
The ability to work to tight deadlines
Effective time management
Display high levels of accuracy and attention to detail
Ability to remain calm at busy times
Ability to identify opportunities for process improvements
Ability to escalate where appropriate
Ability to self-motivate and work as part of team
Ability to take on board constructive feedback
Flexible in dealing with changing priorities
Strong excel knowledge
BCom Honours in Accounting / CA accreditation advantageous

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