At a Glance
- Tasks: Lead fund operations and manage financial reporting for Real Estate Debt funds.
- Company: Join a leading investment firm with a strong focus on real estate.
- Benefits: Comprehensive wellbeing support, inclusive workplace, and long-term career growth.
- Other info: Dynamic role with opportunities for process improvement and cross-jurisdictional exposure.
- Why this job: Make a significant impact in fund finance while collaborating with diverse teams.
- Qualifications: Experience in fund operations and a qualified chartered accountant or equivalent.
The predicted salary is between 50000 - 60000 £ per year.
Location: London, St Pauls
Department: Investment Operations
Reporting to: Investment Operations Associate Director
What the Hiring Manager says… You will take a leading role within the Real Estate Fund Finance team, with primary responsibility for fund operations across a portfolio of Real Estate Debt funds. This multi-disciplinary role involves coordinating Fund Control, Fund Accounting and Transaction Execution workstreams to ensure effective strategy execution. You will oversee deal closings, ensuring deadlines are met and stakeholders informed, while balancing commercial objectives with risk management and compliance across jurisdictions. You will ensure a robust level of financial control, reviewing the output from third party administrators (“TPAs”), overseeing compliance with all tax and regulatory filings, and recommending and implementing improved processes and controls. The role includes supporting portfolio managers and fund marketers, and collaborating with TPAs, legal and tax advisors.
ICG Real Estate Debt Fund Finance is a key part of ICG’s €10bn AUM Real Estate platform, with €2.8bn AUM across various funds and separate managed accounts investing in loan strategies. The flagship fund series is fundraising its seventh vintage (RED VII) with a €1bn target. The team manages fund operations including deal closing, liquidity management, borrowing, FX hedging, valuations, and investor reporting. The Real Estate Fund Finance team consists of 15 members across London and Pune, plus close collaboration with the SDP Investor Reporting team in Warsaw.
Responsibilities
- Transaction Execution: Support deal execution, financing, and risk evaluation. Manage administrator relationships and tax structuring.
- Fund Life Cycle Matters: Oversee fund operations including investor reporting and liquidity management. Legal entity formation and liquidations. Manage ICG Co‑Invest alongside dedicated internal team. Board and entity governance.
- Fund Finance: Lead financial due diligence. Manage funds flow and coordinate hedging. Manage financial reporting and ensure ongoing compliance.
- Reporting and Financial Appraisal: Oversee quarterly reporting, annual financial statements and audit. Fund analysis and regulatory reporting (e.g. AIFMD, Solvency II). Advise on complex/technical accounting matters.
- Fund Performance Analysis: Perform analysis of fund performance, calculation of IRRs, carried interest and other performance measures.
- Treasury: Manage fund cash, liquidity, and hedging including bridge/leverage facilities. Liaison with Treasury and Legal.
- Process Definition and Scalable Function: Champion process and control enhancement and oversee audits. Lead ad‑hoc projects to support team and department objectives.
Essential Qualifications
- Demonstrable experience in fund operations, transaction execution and private‑markets funds.
- Qualified chartered accountant or equivalent.
- Understanding of closed‑ended funds: operations, performance metrics (IRR, money multiples) and carried interest.
- Experience within a debt, real‑estate or related asset sector.
- Demonstrable understanding of fund structuring, tax considerations and legal documentation.
- Experience in private equity, asset management, investment banking, financial services or fund administration.
- Experience in an investment‑operations role or equivalent.
- Experience managing recurring processes and projects.
Desirable Qualifications
- Line‑management experience.
- Exposure to investments across multiple European jurisdictions.
- Experience at an accounting or audit firm.
- Experience working with teams across multiple locations.
- Experience working with external TPAs.
- Track record of successfully implementing system and process improvements.
- Advanced financial modeling and Excel skills.
Personal Attributes
- Initiative, collaboration, and accountability.
- Excellent communication skills and a motivated team player.
- Inquisitive and analytical approach.
- Organised, strategic, and solutions‑oriented.
- Ability to multi‑task and work under pressure.
Benefits
- Wellbeing – support for mental, physical and financial wellbeing.
- Inclusion – competitive, inclusive workplace for everyone.
- Longevity – long‑term, sustainable design.
Equal Employment Opportunity Statement
We are committed to creating an equitable and inclusive workplace for everyone. We provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion or any other characteristic protected by local law. We are equally committed to delivering an inclusive and accessible candidate experience.
Vice President, Fund Finance (Real Estate Debt) in London employer: ICG FMC Limited
As a Vice President in Fund Finance at ICG, you will thrive in a dynamic and inclusive work environment located in the heart of London. The company prioritises employee wellbeing and offers robust support for mental, physical, and financial health, alongside opportunities for professional growth within a collaborative team. With a commitment to innovation and process improvement, ICG fosters a culture where your contributions are valued, making it an excellent employer for those seeking meaningful and rewarding careers in real estate finance.
