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- Tasks: Join our Finance team to manage fund accounting and ensure accurate financial reporting.
- Company: Carnegie Consulting is a leading alternative fund manager specialising in private credit.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Be part of a collaborative culture that values innovation and offers impactful work in finance.
- Qualifications: Must be a fully qualified accountant (ACA, ACCA, CIMA) with relevant fund accounting experience.
- Other info: Candidates must already be based in the UK; no sponsorship available.
The predicted salary is between 43200 - 72000 £ per year.
An alternative fund manager specialising in private credit is seeking a fully qualified accountant to join their Finance team. A broad role covering all areas of fund accounting.
You will be a fully qualified accountant (ACA, ACCA, CIMA) with relevant experience either gained through your fund audit background, from within another fund manager or from a third party administrator.
The Role
- Read and understand the constitutional documents and private placement memorandums and determine how to properly account for transactions within the fund structures.
- Understand all the deliverables to properly operate the funds and ensure deadlines are met.
- Read through the documents related to the investment purchases to determine how to properly account for the transactions.
- Review the fund administrators reports for the funds before finalisation.
- Assess the performance of the fund and the underlying investments.
- Calculate net asset values (NAVs) of the funds, monitor and post cash flows, and effectively coordinate with the custodian banks and other service providers.
- Track internal rate of return by investment and by investor.
- Liaise with the various auditors of the fund families.
- Verify terms of various trades with the counterparties, including direct lending structures, derivative transactions such as fx forwards, credit linked notes and credit default swaps.
- Assist in the preparation of investor reports and presentations, as needed.
- Undertake ad hoc projects and other duties as assigned.
Requirements
- You will be a fully qualified accountant (ACA, ACCA, CIMA).
- Preferred experience in fund accounting, within a private credit/debt fund or with other closed-ended funds.
- Outstanding verbal and written communication skills.
- Willingness to take on new responsibilities and challenges.
- No sponsorship on offer and candidates are expected to be based in the UK already.
Fund Accountant - Carnegie Consulting employer: Carnegie Consulting
Contact Detail:
Carnegie Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Accountant - Carnegie Consulting
✨Tip Number 1
Familiarise yourself with the specific fund structures and accounting practices used in private credit. Understanding the nuances of these funds will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the fund accounting space, especially those who work in private credit. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture at Carnegie Consulting.
✨Tip Number 3
Brush up on your knowledge of net asset values (NAVs) and cash flow management. Being able to discuss these topics confidently will set you apart from other candidates and show that you're ready to hit the ground running.
✨Tip Number 4
Prepare to discuss your experience with fund audits or third-party administration in detail. Be ready to provide examples of how you've successfully managed deadlines and liaised with auditors, as this is crucial for the role.
We think you need these skills to ace Fund Accountant - Carnegie Consulting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a fully qualified accountant (ACA, ACCA, CIMA) and any relevant experience in fund accounting or auditing. Use specific examples that demonstrate your understanding of fund structures and transactions.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your experience with private credit or closed-ended funds, and explain how your skills align with the responsibilities outlined in the job description.
Highlight Communication Skills: Since outstanding verbal and written communication skills are essential for this role, provide examples in your application that demonstrate your ability to communicate complex financial information clearly and effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in fund accounting.
How to prepare for a job interview at Carnegie Consulting
✨Know Your Numbers
As a Fund Accountant, you'll be dealing with complex financial data. Brush up on your knowledge of net asset values (NAVs), internal rates of return, and cash flow management. Be prepared to discuss how you've handled these in previous roles.
✨Understand the Documents
Familiarise yourself with constitutional documents and private placement memorandums. During the interview, demonstrate your ability to interpret these documents and explain how they influence fund accounting practices.
✨Showcase Communication Skills
Outstanding verbal and written communication skills are essential for this role. Prepare examples of how you've effectively communicated complex financial information to stakeholders or collaborated with auditors and service providers.
✨Be Ready for Technical Questions
Expect technical questions related to fund accounting, such as verifying trade terms or reviewing fund administrator reports. Practice articulating your thought process and problem-solving approach to showcase your expertise.
