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For Companies At a Glance
- Tasks: Support accounting services for clients, manage accounts, and ensure compliance.
- Company: Gen II Fund Services is a leading provider of fund administration services.
- Benefits: Enjoy a collaborative office environment with opportunities for Agile Working.
- Why this job: Kickstart your career in finance with hands-on experience and professional growth.
- Qualifications: Studying towards an accounting qualification; experience in management accounts is a plus.
- Other info: This is an entry-level, full-time role based in Southampton.
The predicted salary is between 22000 - 33000 £ per year.
This is a unique opportunity to join as a Trainee Accountant in a dynamic and fast-growing private equity fund administration service provider in our Southampton office. The main activities of the department are fund accounting, financial reporting, net asset value calculation, capital calls, distributions, and investor reporting.
What you’ll be doing
- Perform daily cash reconciliations, ensuring transactions are settled in a timely manner
- Book daily transactions in the internal accounting system within agreed portfolio timescales
- Monitor and manage outstanding / overdue payments
- Ensure all supporting documentation is received and filed as per internal procedures
- Prepare, book and send capital calls and distributions to investors (including the preparation of legal documentation)
- Collect, process and control capital calls and distributions received from target investments
- Collect, analyze and reconcile target capital account information
- Prepare payments by verifying documentation and requesting disbursements
- Liaise with external providers to provide documents supporting the preparation of tax returns (CIT, MBT, NTW and VAT)
- Provide any information requested by internal teams or clients promptly and smoothly
- Other day-to-day administrative tasks as required
The ideal background for this role:
Qualifications
- University degree in Accounting & Finance or similar
- Be studying* or have a willingness to study towards an appropriate accounting qualification (ACCA/ACA)
Experience
- Direct experience of producing Management accounts and Financial statements*
- Real Estate or Private Equity fund experience*
- Working knowledge of Microsoft Office
- Experience in keeping the accounting transaction up to date and producing financial statements to IFRS or other appropriate standards for a range of entities*
Knowledge & Skills
- An awareness and understanding of the local finance industry, legislation and regulatory requirements in which we operate*
- Knowledge of Luxembourg corporate laws and structures, any specific PERE sector knowledge (e.g. SOPARFI, SICAR, SIF, RAIF, SLP)*
- Working knowledge of IFRS or other appropriate accounting standards*
- Proficient in written and verbal English, any other language is considered an asset
- Ability to write concise emails, take meeting notes, and assist in document preparation
- Strong attention to detail and organisational skills
- Proactive with good analytical and problem-solving skills
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.
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Trainee Accountant employer: Gen II Fund Services
Contact Detail:
Gen II Fund Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Accountant
✨Tip Number 1
Familiarise yourself with the specific accounting software and tools commonly used in the industry, such as Microsoft Excel and any banking platforms. This will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the finance and accounting sectors, especially those who work in private equity or real estate funds. Attend relevant events or join online forums to gain insights and potentially get referrals.
✨Tip Number 3
Stay updated on the latest regulations and compliance requirements in the finance industry. This knowledge will not only help you in interviews but also show your commitment to the role and the company.
✨Tip Number 4
Prepare to discuss your understanding of financial statements and management accounts during the interview. Be ready to explain how you would approach tasks like calculating Net Asset Values and preparing tax computations.
We think you need these skills to ace Trainee Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Trainee Accountant role. Focus on any accounting qualifications you are pursuing, as well as any practical experience in bookkeeping or financial reporting.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific tasks from the job description, such as preparing tax computations or managing client portfolios, and explain how your background makes you a great fit.
Showcase Relevant Skills: Emphasise your attention to detail, organisational skills, and proficiency in Microsoft Office. If you have experience with IFRS or other accounting standards, make sure to highlight this as it is crucial for the role.
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 are essential traits for an accountant.
How to prepare for a job interview at Gen II Fund Services
✨Know Your Accounting Basics
Make sure you have a solid understanding of accounting principles, especially those relevant to management accounts and financial statements. Brush up on IFRS standards, as this knowledge will likely come up during the interview.
✨Demonstrate Attention to Detail
As a Trainee Accountant, attention to detail is crucial. Be prepared to discuss examples from your studies or previous experiences where your meticulousness made a difference in your work.
✨Prepare for Technical Questions
Expect questions related to banking platform reconciliations, NAV calculations, and tax computations. Review these topics beforehand so you can confidently answer any technical queries that may arise.
✨Show Your Communication Skills
Since the role involves communicating with clients and stakeholders, be ready to showcase your written and verbal communication skills. Practice explaining complex financial concepts in simple terms to demonstrate your ability to convey information effectively.
