Finance Operations Manager (Transactional Finance) - Private Equity

Location: London

Contract Type: FTC to Permanent

About Capital Dynamics:

Capital Dynamics is an independent global asset management firm focusing on private assets, including Private equity (primaries, secondaries and direct investments) and Clean Energy. Established in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors. Capital Dynamics oversees more than USD 15 billion in assets under management and advisement and employs approximately 150 professionals globally across 13 offices in Europe, North America, and Asia. Capital Dynamics is a recognized industry leader in responsible investment, receiving top marks (Five Stars) from PRI across all categories and investment strategies, as well as achieving strong results in GRESB benchmarking for its clean energy strategy.

Finance Department:

The Capital Dynamics Finance team manages all elements of operational finance, reporting, and regulatory reporting obligations. Further, the team provides oversight, controls, and protection to safeguard the firm’s interests and budgets while upholding the financial integrity of the business. The team also partners with the business and stakeholders to drive value creation and efficiencies within the wider organization, either directly or by enabling improved performance to support the firm’s continued growth.

Role Purpose:

The Finance Transformation Manager will oversee the transformation of the Capital Dynamics transactional finance operations, controls, processes, and technology used by the Accounts Payable (AP) and Accounts Receivable (AR) teams. The role is responsible for managing a cultural shift within the team, ensuring that teams harness the power of technology to deliver operational processes efficiently and effectively. The role will drive change, efficiency, and process improvement to payables, receivables, and treasury.

The Finance Operations Manager will be adept at developing professional internal and external relationships with key stakeholders. You will have an appetite for challenging the status quo to drive greater efficiency and accuracy of processes and tasks.

Key Tasks and Responsibilities:

• Identify and implement control and process improvements in the function, utilising the NetSuite ERP platform.
• Develop a plan for the transformation of the team, taking into consideration the resources required and the timescale.
• Review the processing of cash transactions in the general ledger, maximising the use of technology to automate postings and streamline the booking process in NetSuite.
• Ensure that recharges to the Group’s funds are administered and invoiced accurately and within agreed deadlines.
• Substantiate and sign off on the month-end balance sheet control accounts for fund recharges and balance sheet accounts.
• Review the structure and work allocation of the team to ensure that the workload is allocated optimally so that the core responsibilities of the team are delivered.
• Maintain accurate and comprehensive documentation on the core processes of the team.
• Maintain effective and responsive working relationships with internal stakeholders and external parties such as suppliers, funds, and other third parties.
• Develop KPIs for the team to measure success and performance.
• Work effectively and credibly with other teams within the finance department, and other operational teams, including HR, Fund Operations, and Legal, and external stakeholders such as fund administrators.
• Transformation of the end-to-end AP process across the group: timely loading of invoices, AP inbox management, accurate coding of invoices, management of invoice and payment approvals, missing invoice tracking, creation of payment files, creation of accounting entries for the general ledger.
• Review the preparation and delivery of invoicing to the Group’s funds.
• Review the process for monitoring aged debt and ensuring the timely payment of invoices.
• Review the process for reconciling fee calculations with the treasury team and financial controllers.
• Improve the working arrangement with the Group’s fund administrators, driving improvement to the standard reporting and reviewing the information flow to and from the administrators.

Skills and Qualifications:

• A bachelor’s degree in Accounting or Finance, or another relevant degree, would be beneficial.
• Experience working in the financial services sector within the relevant field - ideally, Private Equity or Asset management is preferred.
• Proven experience in transforming a Finance Operations team within a multi-jurisdictional environment.
• Experience with NetSuite ERP is ESSENTIAL.
• Good understanding of robust financial controls and processes.
• Understanding of internal recharge procedures.
• Exposure to fund accounting procedures is highly desirable.

Diversity & Inclusion:

Capital Dynamics is an Equal Opportunity Employer and is committed to creating a diverse global workforce. We are a global company with 23 nationalities represented across our staff in 13 offices, spanning North America, Europe, the Middle East, and Asia. We believe diversity and inclusion (“D&I”) is key to being better at what we do, and our initiatives are designed to attract, develop, and advance talented individuals, regardless of race, sexual orientation, religion, age, gender, disability status or any other dimension of diversity. We welcome and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply to join Capital Dynamics.

Please inform our recruitment team if you have a disability, condition or difference that may require us to make any adjustments as part of your application process or during employment.