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- Tasks: Assist with accounting and reporting for Private Equity funds in a dynamic team environment.
- Company: Join Citco, a global leader in fund services with a focus on innovation and teamwork.
- Benefits: Enjoy flexible working arrangements, training support, and a commitment to your wellbeing.
- Other info: Diverse and inclusive culture that values personal development and offers excellent career growth opportunities.
- Why this job: Make an impact in the Private Equity sector while growing your career with industry experts.
- Qualifications: 5+ years in accounting, with 3+ years in Private Equity preferred; strong communication skills required.
The predicted salary is between 60000 - 80000 ÂŁ per year.
About Citco
Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. For more information about Citco, please visit www.citco.com.
About the Team & Business Line:
Alternative Asset Fund Administration is Citco’s core business, and our Private Equity (“PE”) division is a major part of that. Citco has one of the largest footprints of staff in Ireland within the Private Equity Administration sector. Our continuous investment in learning, which includes Private Equity specific personal development training programs for multiple staff levels, and technology solutions means our people are equipped to deliver a seamless client experience. Our largest investment, however, is in our people and as a core member of our Private Equity Fund Accounting group, you will be working in a team with some of the industry’s most accomplished professionals. Furthermore, this team delivers award-winning services to a roster of some of the largest, most recognised, bluechip clients in the Private Equity industry. Citco Fund Services (Ireland) Limited are also Great Place to Work (GPTW) certified and are building their teams to ensure everyone is given the right level of support while also challenging them to grow with us.
This role represents a unique opportunity to work directly within a rapidly expanding global PE investment manager’s fund finance team. The role will support the existing fund finance team, interfacing with Citco servicing teams in relation to fund reporting requirements on existing and recently launched products. The role also offers the opportunity to gain exposure on a variety of fund finance operational workstreams that are part of a fund finance role in a global PE investment.
Responsibilities
- Assist with the day-to-day accounting, reporting and operations for various PE funds, including:
- Manage and monitor deliverables (SLAs) with Citco and client teams
- Manage and review quarterly financial and investor reporting outputs
- Manage capital activity processing (calls/distributions/transfers)
- Review/prepare management fee & waterfall/carry calculations
- Oversee production of year end accounts and/or financial statements for complex PE structures, under US GAAP
- Assist with the review of investor allocations and partners’ capital account statements
- Assist with production and review of regulatory and shareholder reports
- Help with treasury management functions, including monitoring fund cash positions, and preparing cash projections.
- Liaise with tax teams and advisors on fund-level tax filings, FATCA/CRS compliance, and investor tax reporting (e.g., K-1s if relevant).
- Develop into a Subject Matter Expert (SME) on PE client structures and PE accounting processes
- Engage in and drive certain finance team and/or fund specific projects
- Regularly engage with Citco and client teams on individual and team goals
- Communicate regularly with Citco and client teams, and help maintain great relationships
- Review client Limited Partnership Agreements (LPAs), PPMs, and other materials
- Act as liaison to various internal/external stakeholders
- Work with onboarding solutions teams and client teams to implement new fund structures on accounting system, whilst also identifying and implementing more streamlined and efficient processes.
Qualifications
- You have 5+ years’ experience in accounting operations or practice
- You have 3+ years’ experience in Private Equity (Desirable)
- You are a strong team player who exhibits strong communication and written skills
- You have the ability to handle several deliverables and different stakeholders simultaneously, and prioritise work based on deadlines
- You have strong communication and relationship skills
- You must have strong knowledge of the financial services industry, its products and practices, and a strong interest in further development and learning
- You have proven Fund Accounting system, Microsoft Word and Excel, and PowerPoint skills
- You are degree qualified (2.1 and above) in Finance or Accounting related degree (desirable).
Our Benefits
Your wellbeing is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location. We embrace diversity, prioritising the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect. Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Assistant Vice President, Fund Accounting (Private Assets) in London employer: The Citco Group
Contact Detail:
The Citco Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President, Fund Accounting (Private Assets) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and private equity sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Citco and its Private Equity division. Understand their services and recent developments. This will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to fund accounting and private equity. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re proactive and serious about joining the Citco team. Good luck!
We think you need these skills to ace Assistant Vice President, Fund Accounting (Private Assets) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Assistant Vice President in Fund Accounting. Highlight your relevant experience in private equity and fund accounting, and don’t forget to showcase your strong communication skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about private equity and how your background makes you a perfect fit for Citco. Keep it concise but impactful!
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Use numbers and examples to demonstrate how you’ve added value in previous roles, especially in fund accounting.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at The Citco Group
✨Know Your Numbers
Brush up on your financial knowledge, especially around Private Equity fund structures and accounting processes. Be ready to discuss specific examples from your past experience that demonstrate your expertise in managing deliverables and financial reporting.
✨Showcase Your Team Spirit
Citco values strong team players, so be prepared to share instances where you successfully collaborated with others. Highlight your communication skills and how you've maintained great relationships with clients and colleagues alike.
✨Prioritisation is Key
With multiple stakeholders and deadlines, it's crucial to demonstrate your ability to prioritise tasks effectively. Prepare to discuss how you've managed competing priorities in previous roles and the strategies you used to stay organised.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions about Citco’s culture, training programs, or specific projects within the Private Equity division. This shows your genuine interest in the role and helps you assess if it’s the right fit for you.