Assistant Fund Accountant

  1. Permanent
£35,000 - £40,000 per annum + study support
BBBH161729

City of London, London

The details

An opportunity to join a Fund Administration company who provide services to top tier clients across Private Equity, Real Estate and Debt as an Assistant Fund Accountant.

They have grown exponentially over the past 10 years with over 400 staff across offices in London, Jersey, Guernsey, Luxembourg, Hong Kong, Singapore and New York, and now provide services to over 220 funds, representing a net asset value of £8.5 billion.

As an Assistant Fund Accountant, you are a key contact for their clients. You will organise the service team, review a wide range of work, lead and train others, develop technical expertise and start to gain an understanding of how to run a portfolio of clients.

This opportunity would be well suited to an individual coming from an accounting practice, as you will need to have a strong competence in accounting with the ability to prepare a full set of accounts without support. You will need to be a driven individual who is keen to develop your management potential, leading client services and taking on significant responsibility.

Responsibilities of Assistant Fund Accountant include:

  • Take ownership of a client portfolio
  • Prepare complex calculations and models such as fund waterfalls, equalisations, consolidations and reporting metrics like IRRs
  • The preparation of management accounts & NAVs
  • The production of quarterly investor reports
  • Producing and distributing partnership capital accounts
  • Preparing key calculations such as management fees, carried interest and loan agreements
  • Producing financial statements - typically IFRS or UK GAAP compliant
  • Issuing drawdown and distribution notices
  • Cash flow statements, cash flow forecasts and cash monitoring
  • Statutory information and reporting including FATCA, CRS, CIS, tax and Companies House filings
  • Carrying out AML and Client Due Diligence checks on both our Fund Managers and for delegated services and their investors.
  • Compile, analyse and operate on the financial information underlying the fund, its transactions and the financial statements
  • Liaising with and completing work with key third parties such as lawyers, other administrators, managing agents and investors
  • Day to day management and leadership of team deliverables and organisation
  • Coaching, leadership and training for team Assistant Accountants

Full study support is provided towards ACCA or CIMA.

Requirements:

  • Be educated to degree level (2:1 and above desirable) or AAT qualified with all levels completed
  • Have professional accounting work experience - typically a minimum of 2 years are desired
  • Must be able to prepare a full set of management and financial accounts
  • A strong understanding of UK GAAP, IFRS and other relevant accounting standards
  • You must have excellent interpersonal, organisational and communication skills
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