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For Companies At a Glance
- Tasks: Manage fund accounting, prepare financial statements, and oversee cash management for private equity funds.
- Company: Join a leading firm in private equity, known for its innovative approach and strong market presence.
- Benefits: Enjoy competitive salary, flexible working options, and opportunities for professional development.
- Why this job: Be part of a dynamic team, enhance your finance skills, and make a real impact in the investment world.
- Qualifications: Must be ACA/ACCA/CIMA qualified or equivalent; experience in fund accounting is a plus.
- Other info: This is a permanent position with opportunities for growth and advancement.
The predicted salary is between 43200 - 72000 £ per year.
Key Responsibilities:
Fund Accounting & Reporting:
Oversee and manage the end-to-end accounting process for various private equity funds, including general partners, limited partners, and co-investment vehicles.
Prepare and review accurate monthly, quarterly, and annual financial statements, including balance sheets, profit and loss accounts, and cash flow statements, in accordance with IFRS/UK GAAP.
Manage the consolidation of fund entities and investment holdings.
Coordinate and prepare investor capital calls, distributions, and statements.
Responsible for the accurate calculation and tracking of carried interest and management fees.
Assist with the preparation of annual audited financial statements and liaise with external auditors.
Valuation & Performance:
Support the quarterly valuation process for underlying investments, working closely with investment teams.
Calculate and report fund performance metrics, including IRRs, multiples, and other key performance indicators.
Cash Management & Treasury:
Manage fund cash balances, ensuring optimal liquidity and efficient use of capital.
Oversee payment processes and bank reconciliations.
Monitor and manage foreign exchange exposures for multi-currency funds.
Compliance & Regulatory:
Ensure compliance with fund governing documents, regulatory requirements (e.g., AIFMD), and industry best practices.
Assist with the preparation and submission of regulatory filings.
Relationship Management:
Act as a key point of contact for fund administrators, auditors, tax advisors, and other external service providers.
Respond to investor queries and provide ad-hoc reports as required.
Process Improvement:
Identify and implement process improvements to enhance efficiency and accuracy within the finance function.
Contribute to system enhancements and ad-hoc projects as needed.
Skills & Qualifications:
Professional Qualification: ACA/ACCA/CIMA qualified (or equivalent) is essential.
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Senior Fund Accountant - PERMANENT - Private Equity employer: The Institute of Internal Auditors
Contact Detail:
The Institute of Internal Auditors Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Fund Accountant - PERMANENT - Private Equity
✨Tip Number 1
Network with professionals in the private equity sector. Attend industry events, webinars, or local meetups to connect with fund accountants and finance professionals. This can help you gain insights into the role and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest regulations and compliance requirements relevant to private equity funds. Being knowledgeable about AIFMD and IFRS/UK GAAP will demonstrate your commitment and expertise during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved processes in previous roles. Highlighting your experience in enhancing efficiency and accuracy will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've calculated performance metrics like IRRs and multiples. This will illustrate your technical proficiency and understanding of fund performance.
We think you need these skills to ace Senior Fund Accountant - PERMANENT - Private Equity
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fund accounting, particularly with private equity funds. Emphasise your qualifications such as ACA/ACCA/CIMA and any specific achievements related to financial reporting and compliance.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities outlined in the job description. Showcase your understanding of IFRS/UK GAAP and your experience with investor relations and performance metrics.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as cash management, regulatory compliance, and process improvement. Use specific examples from your past roles to demonstrate these skills.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is vital in fund accounting.
How to prepare for a job interview at The Institute of Internal Auditors
✨Know Your Numbers
As a Senior Fund Accountant, you'll be expected to have a strong grasp of financial statements and metrics. Brush up on your knowledge of IFRS/UK GAAP and be prepared to discuss how you've applied these standards in previous roles.
✨Demonstrate Your Process Improvement Skills
The role involves identifying and implementing process improvements. Think of specific examples where you've enhanced efficiency or accuracy in your past positions, and be ready to share these during the interview.
✨Showcase Your Relationship Management Experience
You'll be acting as a key point of contact for various stakeholders. Prepare to discuss how you've successfully managed relationships with fund administrators, auditors, and investors, highlighting any challenges you overcame.
✨Prepare for Technical Questions
Expect technical questions related to fund accounting, cash management, and compliance. Review common scenarios and be ready to explain your thought process and decision-making in these areas.
