At a Glance
- Tasks: Manage fund accounting, reporting, and compliance for a dynamic private equity fund.
- Company: Join a well-established mid-market private equity fund with a collaborative finance team.
- Benefits: Competitive salary, professional development, and opportunities to work closely with senior leaders.
- Other info: Great opportunity for career growth in a fast-paced environment.
- Why this job: Make a real impact in finance while working on exciting investment projects.
- Qualifications: Qualified Chartered/Certified Accountant with strong Excel skills and attention to detail.
The predicted salary is between 40500 - 49500 £ per year.
A well-established mid-market private equity fund is seeking a Fund Accountant to join its Finance function to assist in providing internal fund accounting as well as reporting to external investors.
The individual will be working closely with the Fund Controller and CFO, looking after the accounting and reporting on multiple funds as well as liaising closely with auditors, tax advisors and investors on all fund matters.
The role will encompass
- Reviewing and delivering accurate and timely quarterly Fund accounts, Fund KPIs and IRRs and annual audited Fund accounts.
- Managing the annual Funds’ audit.
- Managing biannual valuation of portfolio investments.
- Supervising and coaching a junior fund accountant.
- Taking ownership of Fund and new deal compliance matters, assisting with regulatory compliance (FCA, SEC etc.), compliance record keeping and continuous monitoring.
- Reviewing and assisting with the preparation of Fund tax returns, pro-forma K-1/K-3s, AEOI returns, ERS submissions.
- Taking and writing up of Investment Committee minutes.
- Providing input for bi-annual Fund Investment Review.
- Assisting with Fundraising/IR activities.
- Liaising with the front office as required to ensure underlying portfolio investment information is fed through to the back office on a timely and accurate basis and providing deal support.
- Calculation, reporting, collection and monitoring of investment portfolio cash flows. Safekeeping of all share, loan and tax certificates.
- Investment and income reconciliations for audit and tax compliance.
- Reviewing FIS Investran database entries and managing the reporting function.
- Reviewing and assisting with the preparation of investor drawdowns and distributions, managing the cash flows of the Funds.
- Regular and ad-hoc accounting and tax reporting to investors and deal teams.
Qualifications, Experience and Key Characteristics
- Qualified Chartered / Certified Accountant.
- Good understanding of fund operations, including valuation, accounting, and payment procedures.
- Advanced knowledge of Excel (e. g. pivot tables, advanced, nested functions, understanding of VBA macros) and Word.
- Strong analytical, organisational and administrative skills.
- Diligence and attention to detail.
- Methodical, self-starter, hands-on and good team player.
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Fund Accountant, Private Equity Fund employer: Allbyn
Allbyn is an exceptional employer that fosters a collaborative and innovative work culture, perfect for those looking to make a meaningful impact in the finance sector. With a strong focus on employee growth, we offer comprehensive training and development opportunities, ensuring that our team members thrive in their careers. Located in the vibrant UK market, we provide a unique chance to engage with royalty-backed transactions, making every day at Allbyn both rewarding and dynamic.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Accountant, Private Equity Fund
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Allbyn. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Fund Accountant, Private Equity Fund
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Allbyn.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Allbyn's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Allbyn
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Allbyn.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Allbyn will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Allbyn employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
