At a Glance
- Tasks: Prepare financial statements and assist in fund transactions while mentoring junior team members.
- Company: Join a leading private equity firm with a supportive and dynamic culture.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Agile working options available to suit your lifestyle.
- Why this job: Make an impact in finance while developing your skills in a collaborative environment.
- Qualifications: Studying for 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.
Private Equity Fund Accountant | IFRS & NAV Prep | Hybrid 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 Private Equity Fund Accountant role. With opportunities for professional growth through mentoring junior team members and a hybrid working model based in Southampton, employees benefit from a balanced work-life environment while engaging in meaningful financial reporting tasks. The company prioritises employee development and offers a dynamic setting where individuals can thrive and contribute to impactful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Private Equity Fund Accountant | IFRS & NAV Prep | Hybrid in Southampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on IFRS standards and financial reporting. Practice common interview questions related to fund accounting and be ready to discuss your experience with journal entries and reconciliations. Confidence is key!
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your experience with financial statements and NAV preparation. If you’ve worked on any relevant projects, make sure to include those as well. Visuals can make a big impact!
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you. Keep an eye on our job postings and submit your application directly for the best chance of landing that dream role.
We think you need these skills to ace Private Equity Fund Accountant | IFRS & NAV Prep | Hybrid 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!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of your experience with fund transactions and how you've tackled challenges in previous roles.
Showcase Your Technical Skills:Since we're looking for someone with a working knowledge of Microsoft Excel and possibly FIS Private Capital Suite, make sure to mention any relevant software skills you have. We love seeing candidates who are tech-savvy!
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
Make sure you brush up on your knowledge of International Financial Reporting Standards. Be prepared to discuss how you've applied these standards in your previous roles, especially when preparing audited financial statements.
✨Showcase Your Analytical Skills
During the interview, highlight your ability to examine financial transactions and identify potential risks. Use specific examples from your past experience to demonstrate how you've evaluated financial records accurately.
✨Be Ready for Technical Questions
Expect questions related to fund transactions, NAV packs, and general ledger maintenance. Practise explaining these concepts clearly, as well as your experience with tools like Microsoft Excel and FIS Private Capital Suite, if applicable.
✨Emphasise Teamwork and Mentoring
Since the role involves assisting and mentoring junior team members, be prepared to discuss your experience in a team setting. Share examples of how you've supported colleagues or contributed to team projects in the past.
