Finance Director (Private Equity)

One Ten Associates are delighted to be partnering with the Founders of a new Private Equity fund launch as they seek to appoint their first non-investment hire.

A rare opportunity to join an exciting first-time fund launch as FD/Head of Finance. Our client is a Pan-European Private Equity firm with a core focus on Lower-Mid-Cap direct investments across Europe. Sector focus will be Business Services and Healthcare. The Founders each have over 20 years of strong and robust industry experience with an exemplary track record and a genuine desire to build a best-in-class firm. They have successfully raised circa €200m, through a cornerstone investor. The firm will launch imminently and is already in a position to invest.

The FD will oversee all finance, accounting, compliance, and operational/non-investment functions of the fund. This executive will be integral to the operational sides of the business, responsible for shaping and implementing financial policies, managing fund operations, and ensuring all regulatory compliance. The FD will act as a strategic partner to the Managing Partners and Investment Committee, playing a crucial part in driving performance and supporting growth.

Duties and responsibilities will include:

• Preparation and management of the annual and quarterly investor reporting process;
• Managing the Fund’s cash positions, including capital calls and distributions;
• Partnering with the deal team on finance/operational aspects of investments, including deal closings and follow-on funding;
• Liaising with external administrators regarding fund matters and investor queries;
• Preparing fund valuations and returns waterfalls;
• Assistance with investor presentations;
• Management of the year-end audit process;
• Ad-hoc modelling on investments.

Corporate:

• Preparation of monthly and quarterly management accounts for adviser entity and helping to manage and co-ordinate the annual audits;
• Management of the tax reporting process;
• Monthly Payroll and Pension;
• Liaising with tax advisors on annual Corporate tax returns;
• Firm cash flow management;
• Plan and manage the company’s budgeting and forecasting.

As a small team, duties will be varied and the successful candidate will have to be comfortable operating in a hands-on manner and outside of/adjacent to the finance function as and when required.

Skills and Expertise:

The ideal candidate will be a qualified accountant with experience of working within private equity. In addition to the above, the successful candidate will also possess the following:

• A strong attention to detail and the ability to manage and prioritise workloads is essential;
• Highly motivated with the ability to learn new concepts and processes;
• Excellent analytical problem-solving skills;
• Excellent presentation and communication skills;
• Some knowledge of compliance requirements or a willingness to learn is essential;
• A flexible approach to work and good time management skills;
• A willingness to take on tasks outside of the traditional accounting function;
• Experience working within private equity is highly preferable;
• Competency with MS office applications, particularly Excel, PowerPoint and Word.