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- Tasks: Join our fund finance team to manage key accounting tasks and support private equity investments.
- Company: Be part of a global investment manager with $10 billion in assets focused on private equity and infrastructure.
- Benefits: Gain professional qualifications, work in a collaborative environment, and enjoy opportunities for career growth.
- Why this job: This role offers hands-on experience in private markets and the chance to innovate through technology.
- Qualifications: 2+ years in accounting or audit; pursuing ACCA/ICAEW; strong academics and Excel skills required.
- Other info: Ideal for detail-oriented individuals eager to learn and improve financial processes.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Assistant Fund Accountant Global Private Equity
This Assistant Fund Accountant role sits in the fund finance team at the private equity arm of a global investment manager in London. This team are responsible for circa 10 billion dollars of assets under management invested into Private Equity and Infrastructure Strategies.
This is a great opportunity for the right candidate to gain exposure to private markets whilst being given the opportunity to gain a professional qualification and develop under the guidance of an experienced team.
You will be responsible for key areas of fund control such as the accurate input of journal entries into the accounting system, collating quarterly valuations from underlying investment managers, preparing key investor documents such as investor notices and fund financial statements, monitoring fund liquidity and cash payments, and assisting the Fund Accountant's with the oversight of third party fund administrators.
The Funds Finance Team work collaboratively with Funds Tax, Legal, Investment and Investor Relations teams on a daily basis therefore good verbal and written communication is important.
The business collates a large volume of data which the Funds Finance Team are required to review, analyse and report on to investors and the wider business. This role would suit a candidate who is comfortable with manipulating data who is enthusiastic to embrace new technologies and automate processes.
- You will be assigned an allocation of funds entities for which you will be accountable for completing the key tasks set out above which facilitate maintaining up to date and accurate financial information which is needed for the fund entities to meet their obligations as set out in the various partnership agreements. You will complete these tasks under the training and supervision of the Funds Finance Manager and Fund Accountants
- Managing fund liquidity through the preparation/update of cash forecasts based on fees, expenses, investment and investor drawdowns and distributions
- Production of weekly and monthly Bank Reconciliations
- Production of monthly custody reconciliations
- Managing and inputting payments across the funds
- Monitor the new deals log, collating the required information from the investment team in order to facilitate deals funding on time
- Ensure the accounting books and records are kept up to date through timely and accurate input of accounting journal entriesCollation of quarterly valuations
- Maintenance of the Finance group mailbox and responding to queries
- Preparation of investor drawdowns and distributionsPreparation of fund financial statements
- Assistance with preparing information required for audit and responding to auditor queries
- Assistance with regulatory reporting
- Collation of financial information for the investment team to support investor reporting and fundraising activity
- Collaborate with the Tax Managers to facilitate their preparation of tax reporting documents
- Identify manual processes which can be improved and work with the Funds Finance Managers to improve these processes through the use of technology tools at our disposal.
- Assist the Funds Finance Team in improving the quality of data extraction and storage in order to facilitate high quality investor reporting alongside the performance reporting and investor relations teams
What my client is looking for
- 2 years+ of management accounting or financial accounting or audit experience
- Working towards a professional accounting qualification (i.e. ACCA, ICAEW or equivalent)
- Strong academics with ideally a 2.1 University Grade
- Ideally some practical financial reporting experience reporting under UK GAAP, IFRS or US GAAP
- Proficient in Excel and Word at minimum with experience with programmes such as Power BI, Alteryx being advantageous
- Deadline-focused, reliable and able to work independently
- High attention to detail and the ability to review large excel models
- Enthusiastic, willing to learn and take on new responsibilities
- Organised in approach to work, with the ability to prioritise effectively
- Strong communication skills (written and verbal) with the confidence to deal with key senior stakeholders
Assistant Fund Accountant Global Private Equity - Carnegie Consulting employer: Carnegie Consulting
Contact Detail:
Carnegie Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Fund Accountant Global Private Equity - Carnegie Consulting
✨Tip Number 1
Familiarise yourself with the private equity sector and the specific responsibilities of an Assistant Fund Accountant. Understanding the nuances of fund control, liquidity management, and financial reporting will help you stand out during interviews.
✨Tip Number 2
Brush up on your Excel skills, especially in data manipulation and analysis. Being proficient in Excel is crucial for this role, so consider taking online courses or tutorials to enhance your abilities before applying.
✨Tip Number 3
Network with professionals in the finance and accounting sectors, particularly those working in private equity. Attend industry events or join relevant online forums to make connections that could lead to referrals or insider information about the role.
✨Tip Number 4
Prepare to discuss your experience with financial reporting standards like UK GAAP or IFRS during interviews. Be ready to provide examples of how you've applied these standards in previous roles, as this knowledge is highly valued in the position.
We think you need these skills to ace Assistant Fund Accountant Global Private Equity - Carnegie Consulting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in management accounting, financial accounting, or audit. Emphasise any exposure to private equity or fund accounting, and showcase your proficiency in Excel and other relevant software.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Explain how your skills and experiences align with the role, particularly your attention to detail and ability to manage data effectively.
Highlight Professional Development: Mention your progress towards a professional accounting qualification like ACCA or ICAEW. If you have completed any relevant courses or training, be sure to include this information to demonstrate your commitment to professional growth.
Showcase Communication Skills: Since strong verbal and written communication is crucial for this role, provide examples in your application of how you've successfully communicated with stakeholders in previous positions. This could include preparing reports or collaborating with teams.
How to prepare for a job interview at Carnegie Consulting
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Excel and any experience with tools like Power BI or Alteryx. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in relation to financial reporting or data analysis.
✨Demonstrate Attention to Detail
Given the nature of the role, it's crucial to convey your attention to detail. Bring up instances where your meticulousness has led to successful outcomes, such as identifying discrepancies in financial reports or ensuring accuracy in journal entries.
✨Prepare for Technical Questions
Expect questions related to UK GAAP, IFRS, or US GAAP. Brush up on key concepts and be ready to explain how they apply to fund accounting. This will show your understanding of the technical aspects of the role.
✨Communicate Effectively
Since the role involves collaboration with various teams, practice articulating your thoughts clearly. Prepare to discuss how you've successfully communicated complex information to stakeholders in the past, showcasing your strong verbal and written communication skills.
