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For Companies At a Glance
- Tasks: Assist in managing private equity funds and prepare financial reports.
- Company: Join a leading private equity growth investor with over €60 billion in assets.
- Benefits: Enjoy competitive pay, professional development, and a collaborative work environment.
- Why this job: Gain valuable experience in finance while working with top industry professionals.
- Qualifications: Newly qualified ACA or ACCA accountant with relevant experience preferred.
- Other info: Opportunity for career growth and involvement in diverse projects.
The predicted salary is between 43200 - 72000 £ per year.
Overview
One of our longest standing clients, a hugely successful private equity business in central London, is seeking an experienced fund accountant for a 12 month fixed term contract. This role will see you spend most of your time overseeing the fund accounting for a range of externally outsourced funds and some of your time inputting on a range of key projects such as the outsourcing of any remaining funds to the external administrators. An accountant with requisite fund accounting experience is sought in the first instance. The role will be based in the office 3 days per week with 2 days working from home.
Responsibilities
- Oversight of a number of third party administered funds, reviewing key items such as: management fees, carried interest, collation of investment valuation reports, liquidity management, investor capital calls, investment/divestment transactions, quarterly capital account statements, annual fund audits
- Become the lead contact for any ad hoc finance or operational queries for your fund allocation
- Collaborate with Investor Relations, Investment, Legal, Tax, Compliance teams
- Completion of the month-end review process including reconciliation with the in-house accounting system
- Oversight and management of the internal control environment and controls manual within a Sox compliant environment
- Adhere to the FCA’s Conduct Rules, understanding that they set basic standards of good personal conduct
- Outsourcing various legacy funds to the third-party administrator, ensuring that data is migrated from Investran (in-house system) to E-Front (administrator system) in a timely and accurate manner
- Review fee models and make improvements using technology.
- Identify other manual processes which can be improved and work with the Funds Finance Managers and Associate Director to make recommendations to improve these processes through technology
- 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
Requirements
- You will be a fully qualified accountant (ACA, ACCA, CIMA, or equivalent)
- Current/prior fund accounting experience for Private Equity funds
- Ability to manipulate and analyse large data volumes, with knowledge of systems such as Power BI, Power Query, Alteryx or similar being highly advantageous
- Have excellent all-round communication skills
- You must be available immediately or at short notice
- You must be based in the UK and have the requisite eligibility to work in the UK
Location
London, England, United Kingdom
Salary
Salary: £70,000 – £75,000
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Fund Accountant employer: Carnegie Consulting
Contact Detail:
Carnegie Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Accountant
✨Tip Number 1
Network with professionals in the private equity and fund accounting sectors. Attend industry events or webinars where you can meet people who work at firms similar to our client. Building these connections can give you insights into the role and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with eFront software, as experience with it is advantageous for this role. Consider taking online courses or tutorials to get a head start on understanding how to use this accounting software effectively.
✨Tip Number 3
Brush up on your knowledge of US GAAP and the reporting requirements for private equity funds. Being well-versed in these standards will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 4
Prepare to discuss your previous experiences in fund accounting or audits, especially if they relate to private equity or venture capital. Be ready to share specific examples of how you've contributed to financial reporting or worked with stakeholders in past roles.
We think you need these skills to ace Fund Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fund accounting, private equity, or venture capital. Emphasise any specific skills that align with the job description, such as your familiarity with US GAAP and experience with financial reporting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your qualifications, such as being a newly qualified ACA or ACCA accountant, and how your previous experiences have prepared you for this position.
Highlight Relevant Skills: In your application, focus on your strong verbal and written communication skills, attention to detail, and ability to work under pressure. Provide examples of how you've demonstrated these skills in past roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is crucial in the finance industry.
How to prepare for a job interview at Carnegie Consulting
✨Know Your Numbers
As a Fund Accountant, you'll be dealing with financial data daily. Brush up on your knowledge of fund accounting principles, US GAAP, and any relevant regulations. Be prepared to discuss how you've applied these in previous roles.
✨Showcase Your Communication Skills
Strong verbal and written communication skills are essential for this role. Practice explaining complex financial concepts clearly and concisely, as you may need to liaise with various stakeholders, including auditors and investors.
✨Demonstrate Flexibility and Organisation
The job requires managing multiple tasks under pressure. Prepare examples from your past experiences where you successfully prioritised work and adapted to changing circumstances. This will show your potential employer that you can handle the demands of the role.
✨Familiarise Yourself with eFront Software
While training will be provided, having prior experience with eFront software is advantageous. If you haven't used it before, research its functionalities and be ready to discuss how you would approach learning new software quickly.
