Main Job Purpose :

To be jointly responsible for the set-up / on-boarding and subsequent on-going accounting of private equity funds, ensuring that they are fully compliant with relevant legal and regulatory requirements, fund documentation and applicable accounting standards.

To be a Private Equity specialist for the Fund Services business and be jointly responsible for the fund valuation, investor reporting and accounting services provided to the client.

To ensure that the provision of accounting services are aligned with the client SLA’s, all internal and external deadlines are considered and met and all operational policies, procedures and checklists are followed.

Reporting to the Associate Director, Private Equity Accounting Services.

Key Responsibilities :

NEW BUSINESS ON-BOARDING

To assist with drafting and reviewing of Service Level Agreements incorporating measurable and meaningful KPI’s

To assist the on-boarding deal team with set-up and take-on process of any new private equity business

To assist in preparation and agreeing accounting reporting templates with client

To assist with the review of fund documentation and Business Acceptance Committee documentation pertaining to the launch of new funds and provide comments as necessary

To ensure the implementation of appropriate procedures in respect of any new business

FUND ACCOUNTING

To oversee and be actively involved in the day-to-day servicing of private equity fund clients and to ensure the fund is operating in line with the Service Level Agreement

To supervise and control the accurate, efficient and timely delivery of all valuations, capital accounts, quarterly statements, annual financial statements and any other reports together with supporting schedules and / or working paper in line with the fund documentation and accounting standards

To oversee the reconciliation process for cash, stock, shares / units in issued and ensure that all breaks identified are cleared on a timely basis and in accordance with agreed KPI

Significant involvement with external parties related to the fund including but not limited to Fund Manager, External Auditors, Transfer Agents, Tax Advisers, Custodian, Depositary, Board of Directors and other external service providers

To prepare / review of performance fee, Internal Rate of Return and equalisation calculations as required by the fund documentation or the financial reporting procedures of the fund

To prepare / review drawdown, equalisation and distribution calculation in accordance with the fund documentation

Be involved in the collection / payment of income / fees / expenses on a timely basis

Where appropriate, assist in the completion of all relevant regulatory and tax information provision

To liaise with internal and external auditors and manage the year end / interim audit process via a monitored timetable and audit requirement list

To be a key person for all client contact and manage and ensure timely solutions are provided to all client queries

To assist in the continuous review of existing business processes, procedures and checklists to maximise efficiency, productivity and ensure they meet regulatory and compliance requirements

To assist with training, supervision and management of direct report(s) as well as other junior members of the team as the private equity business expands

To assist, as required, the Head of Department with any development of in-house fund accounting and private equity system to meet future business and market requirements

To execute group project opportunities relating to the implementation of new product accounting and operational procedures

Essential Requirements :

Excellent working knowledge of fund accounting practices and standards, particularly IFRS, UK GAAP and US GAAP

Excellent delegation and time management skills with the ability to prioritise a high volume of time sensitive tasks quickly and appropriately

Ability to review and manage a high volume of documentation quickly and to check all relevant details

Sound analytical skills

Strong problem solving skills with an excellent awareness of commercial and risk management based client solutions

Excellent working knowledge of fund structures and fund cash flows

Excellent working understanding of various types of PE transactions

Attention to details

Experience within the finance industry and specifically experience in private equity fund accounting preparation