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- 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.
Join to apply for the Trainee Accountant role at Gen II Fund Services
Join to apply for the Trainee Accountant role at Gen II Fund Services
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To support the Centre of Excellence service and deliver the accounting services to the other Gen II offices also to provide taxation, bookkeeping and accounting support to Private Equity team clients. All in line with the defined business activities. All tasks to be carried out efficiently and effectively, in accordance with Gen II’s procedures
What you’ll be doing
Your role may include, but will not be limited to, the following tasks which we call ‘Defined Business Activities’. The list of defined business activities is not exhaustive and may be amended from time to time:
- Responsible for a portfolio of clients;
- Performing regular banking platform reconciliations and escalating any anomalies;
- Completing the monthly and quarterly management accounts and bookkeeping;
- Calculating the Net Asset Value (NAV) of funds on a regular basis, including the valuation of investments and recording of income and expenses;
- Annual accounts preparation;
- Ensuring compliance with relevant regulatory requirements and preparing regulatory filings as needed;
- Supporting the wider Operations teams with day-to-day tasks, during high volume periods;
- Preparation of tax computations;
- Preparation of VAT Returns or VAT Reverse Charge calculations;
- Communicating with clients and other stakeholders to provide financial information and respond to inquiries;
- Direct responsibility for monitoring the efficient delivery of our services to each client in their portfolio and, indirectly, the responsibility for maximising the profitability of the client as follows by monitoring own work to ensure timely and efficient completion.
The ideal background for this role * = Desirable
Qualifications
- Be studying towards an appropriate accounting qualification*
- ACCA/ACA professional level
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
- An awareness and understanding of the local finance industry, legislation and regulatory requirements in which we operate*
- Working knowledge of IFRS or other appropriate accounting standards*
- Proficient in written and verbal English, with the 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. For this trainee role, we believe you should be office based to enable training and collaboration with the team.
Seniority level
-
Seniority level
Entry level
Employment type
-
Employment type
Full-time
Job function
-
Job function
Accounting/Auditing
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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.
