At a Glance
- Tasks: Prepare financial statements, reconcile accounts, and assist with audits in a dynamic team.
- Company: Join a leading private equity firm with a supportive and collaborative culture.
- Benefits: Hybrid working options, competitive salary, and opportunities for professional growth.
- Other info: Engage in exciting projects and develop your skills in a fast-paced environment.
- Why this job: Gain hands-on experience in finance while mentoring others and making an impact.
- Qualifications: Studying towards ACCA or ACA with 1-2 years of accounting experience.
The predicted salary is between 30000 - 40000 £ per year.
Within this role we would require individuals to have experience in preparing Audited Financial Statements under IFRS (International Financial Reporting Standards) and be capable of examining financial transactions, identifying any potential risks involved and evaluating financial records accurately. The accountant would report to their direct line manager and be responsible for assisting and mentoring junior members of their team/ division.
What you’ll be doing:
- Record journal entries related to fund transactions and associated fund structures
- Reconcile bank accounts, investments and other account balances
- Maintenance of general ledgers
- Assist in preparation of financial statements (quarterly or annual), investor reports and other financial reporting deliverables
- Assist in preparation of Fund NAV packs and working papers
- Coordinate with auditors during year-end audits; provide supporting documentation and respond to audit queries
- Assist in processing capital calls and distributions to investors of the fund structure
- Assist in responding to investor queries
- Assist in relevant fee computations (e.g. management fees, carried interest, etc.)
- Operate within an ISAE 3402 controls environment
- Liaising with external contacts to obtain and provide required information
- Assisting with and contributing to ad hoc projects as required
The ideal background for this role:
- Actively studying towards a recognised accounting qualification (ACCA or ACA)
- 1-2 years accounting experience
- Working knowledge of Microsoft Excel
- Experience using FIS Private Capital Suite (Investran) is preferable but not required
Role Location / Hybrid Schedule:
This role is based in our Southampton office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working. The different ways in which Agile Working can be undertaken is dependent on the demands and needs of the business, the office space available and the individual’s preferences and circumstances.
Fund Accountant, Private Equity in Southampton employer: Gen II Fund Services
Gen II is an exceptional employer that fosters a collaborative and supportive work culture, particularly for those in the Fund Accountant role. Located in Southampton, employees benefit from a hybrid working model that promotes work-life balance while also offering ample opportunities for professional growth and mentorship within a dynamic team environment. With a commitment to employee development and a focus on maintaining high standards in financial reporting, Gen II stands out as a rewarding place to build a career in accounting.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Accountant, Private Equity in Southampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in private equity. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on IFRS and fund accounting specifics. We recommend practising common interview questions and scenarios related to financial statements and risk evaluation. Confidence is key!
✨Tip Number 3
Showcase your skills! If you’ve got experience with Microsoft Excel or FIS Private Capital Suite, make sure to highlight that in conversations. We want to see how you can add value to the team right from the start.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Fund Accountant, Private Equity in Southampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your accounting qualifications and any relevant experience with IFRS and financial statements to catch our eye!
Show Your Numbers:When detailing your past roles, use specific figures and examples to demonstrate your achievements. Whether it’s reconciling accounts or preparing financial reports, we love seeing how you’ve made an impact!
Be Clear and Concise:Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and make sure your key skills and experiences shine through without unnecessary fluff.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Gen II Fund Services
✨Know Your IFRS Inside Out
Since the role requires experience in preparing Audited Financial Statements under IFRS, make sure you brush up on these standards. Be ready to discuss how you've applied them in your previous roles and any challenges you've faced.
✨Showcase Your Analytical Skills
You'll need to examine financial transactions and identify potential risks. Prepare examples from your past work where you've successfully evaluated financial records or mitigated risks. This will demonstrate your analytical prowess.
✨Be Ready to Discuss Team Dynamics
As you'll be mentoring junior members, think about your leadership style and how you’ve supported others in the past. Share specific instances where you’ve helped a colleague or contributed to team projects.
✨Familiarise Yourself with Fund Structures
Understanding fund transactions and structures is key. Research common fund types and their financial implications. Being able to discuss this knowledge will show your enthusiasm and readiness for the role.
