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- Tasks: Join our fund finance team to manage key accounting tasks and support private equity investments.
- Company: Be part of a global investment manager with $10 billion in assets focused on private equity and infrastructure.
- Benefits: Gain professional qualifications, work in a collaborative environment, and enjoy opportunities for career growth.
- Why this job: This role offers hands-on experience in private markets and the chance to innovate with technology.
- Qualifications: 2+ years in accounting or audit; pursuing ACCA/ICAEW; strong academics; proficient in Excel.
- Other info: Ideal for detail-oriented individuals eager to learn and improve financial processes.
The predicted salary is between 36000 - 60000 £ per year.
This Assistant Fund Accountant role sits in the fund finance team at the private equity arm of a global investment manager in London. This team is responsible for circa 10 billion dollars of assets under management invested into Private Equity and Infrastructure Strategies.
This is a great opportunity for the right candidate to gain exposure to private markets whilst being given the opportunity to gain a professional qualification and develop under the guidance of an experienced team.
You will be responsible for key areas of fund control such as:
- The accurate input of journal entries into the accounting system
- Collating quarterly valuations from underlying investment managers
- Preparing key investor documents such as investor notices and fund financial statements
- Monitoring fund liquidity and cash payments
- Assisting the Fund Accountants with the oversight of third party fund administrators
The Funds Finance Team works collaboratively with Funds Tax, Legal, Investment and Investor Relations teams on a daily basis; therefore, good verbal and written communication is important.
The business collates a large volume of data which the Funds Finance Team are required to review, analyse and report on to investors and the wider business. This role would suit a candidate who is comfortable with manipulating data and is enthusiastic to embrace new technologies and automate processes.
You will be assigned an allocation of funds entities for which you will be accountable for completing the key tasks set out above, facilitating the maintenance of up-to-date and accurate financial information needed for the fund entities to meet their obligations as set out in the various partnership agreements. You will complete these tasks under the training and supervision of the Funds Finance Manager and Fund Accountants.
Your responsibilities will include:
- Managing fund liquidity through the preparation/update of cash forecasts based on fees, expenses, investment and investor drawdowns and distributions
- Production of weekly and monthly Bank Reconciliations
- Production of monthly custody reconciliations
- Managing and inputting payments across the funds
- Monitoring the new deals log, collating the required information from the investment team to facilitate deals funding on time
- Ensuring the accounting books and records are kept up to date through timely and accurate input of accounting journal entries
- Collation of quarterly valuations
- Maintenance of the Finance group mailbox and responding to queries
- Preparation of investor drawdowns and distributions
- Preparation of fund financial statements
- Assistance with preparing information required for audit and responding to auditor queries
- Assistance with regulatory reporting
- Collation of financial information for the investment team to support investor reporting and fundraising activity
- Collaborating with the Tax Managers to facilitate their preparation of tax reporting documents
- Identifying manual processes which can be improved and working with the Funds Finance Managers to improve these processes through the use of technology tools at our disposal
- Assisting the Funds Finance Team in improving the quality of data extraction and storage in order to facilitate high-quality investor reporting alongside the performance reporting and investor relations teams
What my client is looking for:
- 2 years+ of management accounting or financial accounting or audit experience
- Working towards a professional accounting qualification (i.e. ACCA, ICAEW or equivalent)
- Strong academics with ideally a 2.1 University Grade
- Ideally some practical financial reporting experience reporting under UK GAAP, IFRS or US GAAP
- Proficient in Excel and Word at minimum with experience with programmes such as Power BI, Alteryx being advantageous
- Deadline-focused, reliable and able to work independently
- High attention to detail and the ability to review large excel models
- Enthusiastic, willing to learn and take on new responsibilities
- Organised in approach to work, with the ability to prioritise effectively
- Strong communication skills (written and verbal) with the confidence to deal with key senior stakeholders
Assistant Fund Accountant Global Private Equity employer: Ohio Society of CPAs
Contact Detail:
Ohio Society of CPAs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Fund Accountant Global Private Equity
✨Tip Number 1
Familiarise yourself with the private equity sector and current market trends. Understanding the dynamics of private markets will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, especially in areas like data manipulation and financial modelling. Being proficient in Excel is crucial for this role, and showcasing your ability to handle large datasets can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the finance and accounting sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights or even refer you to opportunities within the company.
✨Tip Number 4
Prepare to discuss your experience with financial reporting standards like UK GAAP or IFRS. Be ready to share specific examples of how you've applied these standards in your previous roles, as this will be a key focus during the interview process.
We think you need these skills to ace Assistant Fund Accountant Global Private Equity
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in management accounting, financial accounting, or audit. Emphasise any exposure to private equity or fund accounting, and showcase your academic achievements, particularly if you have a 2.1 University Grade.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Explain how your skills in data manipulation, attention to detail, and communication will contribute to the Funds Finance Team.
Highlight Technical Skills: Clearly outline your proficiency in Excel and Word, and mention any experience with Power BI or Alteryx. This role requires comfort with technology, so demonstrating your ability to embrace new tools will be beneficial.
Show Enthusiasm for Learning: In your application, express your eagerness to gain a professional qualification and your willingness to learn from experienced team members. Highlight any previous instances where you took on new responsibilities or improved processes.
How to prepare for a job interview at Ohio Society of CPAs
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Excel and any experience with tools like Power BI or Alteryx. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in relation to financial reporting or data analysis.
✨Demonstrate Attention to Detail
Given the nature of the role, it's crucial to show that you have a keen eye for detail. Prepare to discuss instances where your attention to detail has positively impacted your work, such as catching errors in financial statements or improving processes.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice articulating your thoughts clearly and confidently, especially when discussing complex financial concepts. Be ready to explain how you've successfully collaborated with different teams in the past.
✨Express Your Enthusiasm for Learning
The role requires someone who is eager to learn and take on new responsibilities. Share your career goals and how this position aligns with them. Discuss any relevant courses or qualifications you are pursuing, like ACCA or ICAEW, to show your commitment to professional development.
