At a Glance
- Tasks: Prepare financial statements and manage fund transactions while mentoring junior team members.
- Company: Join Gen II, a leading private equity firm in Southampton.
- Benefits: Competitive salary, hybrid working options, and support for your accounting qualifications.
- Other info: Dynamic team environment with opportunities for career growth and development.
- Why this job: Gain hands-on experience in finance and make a real impact in the private equity sector.
- Qualifications: Studying towards ACCA or ACA with 1-2 years of accounting experience.
The predicted salary is between 40000 - 50000 £ 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 employer: Gen II
Gen II in Southampton is an exceptional employer, offering a dynamic work culture that prioritises compliance excellence and professional growth. Employees benefit from comprehensive training opportunities, including support for the ICA Diploma, and enjoy a collaborative environment that fosters innovation and teamwork. With a commitment to employee well-being and a focus on meaningful contributions to compliance operations, Gen II stands out as a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Accountant, Private Equity
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Gen II. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Fund Accountant, Private Equity
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Gen II.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Gen II's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Gen II
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Gen II.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Gen II will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Gen II employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
