Assistant Fund Accountant

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

City of London, London

The details

This vacancy has now expired.

Start your job search

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
jobs

Related jobs

Financial Accountant - Private Equity (NQ ACA)

Salary:

30% Discretionary Bonus + Benefits

Location:

London

Market

Financial Services

Job Discipline

Newly Qualified Finance

Industry

Private Equity

Salary

£50,000 - £60,000

Qualification

Finalist / Newly qualified

Contract Type:

Permanent

** DEFAULT listwidget.vacancypartial.description - en-GB **

Broad and commercial Financial Accountant position for one of London's leading private equity firms. This is a fantastic first step out from practice for any ACA.

** DEFAULT listwidget.vacancypartial.reference - en-GB **

TOW120234

** DEFAULT listwidget.vacancypartial.expirydate - en-GB **

30/01/21

Thomas Wesseldine

** DEFAULT listwidget.vacancypartial.author - en-GB **

Thomas Wesseldine
Thomas Wesseldine

** DEFAULT listwidget.vacancypartial.author - en-GB **

Thomas Wesseldine
Find out more
Funds Product Analyst - German

Salary:

€35,000 - €45,000 per annum

Location:

Dublin City Centre, Dublin

Market

Financial Services

Job Discipline

Investment - Buyside

Industry

Investment Management

Salary

£40,000 - £50,000

Qualification

None specified

Contract Type:

Permanent

** DEFAULT listwidget.vacancypartial.description - en-GB **

Excellent opportunity for a funds administrator/transfer agency admin with fluent German

** DEFAULT listwidget.vacancypartial.reference - en-GB **

BBBH163099

** DEFAULT listwidget.vacancypartial.expirydate - en-GB **

19/02/21

Sarah Fallon

** DEFAULT listwidget.vacancypartial.author - en-GB **

Sarah Fallon
Sarah Fallon

** DEFAULT listwidget.vacancypartial.author - en-GB **

Sarah Fallon
Find out more
Financial / Tax Accountant

Salary:

£50,000 - £55,000 per annum

Location:

London

Market

Commerce & Industry

Job Discipline

Newly Qualified Finance

Industry

Property and Infrastructure

Salary

£50,000 - £60,000

Qualification

Fully qualified

Contract Type:

Contract

** DEFAULT listwidget.vacancypartial.description - en-GB **

Listed, Multinational Telecommunications Company looking for Newly Qualified Accountant -3 month contract

** DEFAULT listwidget.vacancypartial.reference - en-GB **

NZ49592

** DEFAULT listwidget.vacancypartial.expirydate - en-GB **

29/01/21

Nicholas Zoller

** DEFAULT listwidget.vacancypartial.author - en-GB **

Nicholas Zoller
Nicholas Zoller

** DEFAULT listwidget.vacancypartial.author - en-GB **

Nicholas Zoller
Find out more
Financial Accountant

Salary:

£50,000 - £60,000 per annum

Location:

Reading, Berkshire

Market

Commerce & Industry

Job Discipline

Qualified Finance

Industry

Property and Infrastructure

Salary

£60,000 - £70,000

Qualification

Fully qualified

Contract Type:

Contract

** DEFAULT listwidget.vacancypartial.description - en-GB **

Financial Accountant, working for a FTSE 250 in Reading, 12 months FTC chance of going Perm.

** DEFAULT listwidget.vacancypartial.reference - en-GB **

BBBH163097

** DEFAULT listwidget.vacancypartial.expirydate - en-GB **

19/02/21

Harvey Allan

** DEFAULT listwidget.vacancypartial.author - en-GB **

Harvey Allan
Harvey Allan

** DEFAULT listwidget.vacancypartial.author - en-GB **

Harvey Allan
Find out more
View all jobs
posts

Related articles

Financial Services | Part Qualified and Transactional 2018 Market Insights in London
Financial Services | Part Qualified and Transactional 2018 Market Insights in London

** DEFAULT postresults.teaserlabel - en-GB **

Finance & Accounting

** DEFAULT postresults.contenttypelabel - en-GB **

Market Insight Reports

16/08/18

** DEFAULT postresults.summarylabel - en-GB **

View part qualified & transactional market salaries within financial services: Download the full London Financial Services 2018 Market Insight Report here » PART QUALIFIED & TRANSACTIONAL  Job title    Salary range   Day rate   Graduate/Entry Level | up to 12 months' experience £25,000 - £30,000 £80 - £120  Accountants Assistant | more than 12 months' experience £28,000 - £32,000 £100 - £130  Accounts Payable/Recievable £40,000 - £45,000 £80 - £200  Assistant Accountant £30,000 - £35,000 £150 - £180  Assistant Financial Accountant £33,000 - £40,000  £150 - £200  Assistant Management Accountant £33,000 - £40,000 £150 - £200  Finance Analyst £32,000 - £40,000 £150 - £200  Part Qualified Regulatory Accountant £35,000 - £45,000  £150 - £210  Part Qualified Fund Accountant £33,000 - £40,000  £150 - £200  Fund Administrator £25,000 - £35,000  £100 - £150  Depositary Analyst £25,000 - £35,000  £120 - £180 View salaries in other sectors within London financial services »  

** DEFAULT postresults.teaserlabel - en-GB **

View part qualified & transactional market salaries within financial services:

Read full article
Rebekah Froom

by

Rebekah Froom

Rebekah Froom

by

Rebekah Froom

Soft-skills series: fitting into the company culture
Soft-skills series: fitting into the company culture

** DEFAULT postresults.teaserlabel - en-GB **

Financial Services

** DEFAULT postresults.contenttypelabel - en-GB **

Career Advice

03/05/16

** DEFAULT postresults.summarylabel - en-GB **

British Formula One ace Lewis Hamilton is no stranger to the headlines, and his attire is often subject to media scrutiny. A recent race day trip to the Sahir Circuit in Bahrain cast Lewis’s clothing into the limelight for a different reason due to his decision to don local dress. The driver’s social media activity seems to suggest that his efforts were a way of trying to fit into Bahrain’s local culture – which he had high praise for.   Fitting into a culture is not just important for those visiting or conducting business in a foreign country. Just like different countries, different workplaces and organisations possess their own distinctive working cultures, and fitting into them is an important part of building strong working relationships and becoming a motivated and committed employee. Accountancy firms have distinctly different working cultures, as do in-house finance teams in big businesses, and accountants need to integrate when moving between jobs, while bringing their own flair to the role.  Hiring managers and HR teams have a strong appreciation for candidates who make the effort to adapt to a new working culture quickly. While new working environments can be daunting at first, meeting lots of people and showing a willingness to work in fresh ways will almost certainly pay dividends. It’s also good to work out what the ‘norm’ is; some accountancy firms expect employees to get involved in extracurricular activities for the business, for example, and not doing so is perceived as under-performance.  On the other hand, when trying to adapt to a culture, candidates should ensure they don’t go too overboard and risk making a Prince Philip-esque blunder..    

** DEFAULT postresults.teaserlabel - en-GB **

The driver’s social media activity seems to suggest that his efforts were a way of trying to fit into Bahrain’s local culture – which he had high praise for.

Read full article
Sunil Basra

by

Sunil Basra

Sunil Basra

by

Sunil Basra

Glimmers of hope for accounting and finance
Glimmers of hope for accounting and finance

** DEFAULT postresults.teaserlabel - en-GB **

Financial Services

** DEFAULT postresults.contenttypelabel - en-GB **

General

11/01/21

** DEFAULT postresults.summarylabel - en-GB **

I don’t think anyone would disagree that 2020 was a tough year. In recruitment we are usually on the sharp end of economic turmoil, so I’m very empathetic to people’s struggles, especially those seeking new employment.   However the good news is that over the last couple of months we have seen some glimmers of hope. Since last September there has been a slow but steady incremental demand for accounting & finance talent in London. This was precipitated by the gradual reopening of offices, and clearing the hiring backlog which was created in the late spring and summer months due to the COVID restrictions and the extreme uncertainty. Candidate needs have changed Whilst firms were constrained and had conservative hiring plans, the risk appetite among candidates for a new role, company, or location change surprised us - this has no doubt been triggered by the enormous lifestyle changes that we’ve all been contending with recently. Many people have decided to escape that city in search of open, more green spaces, and the vast majority of candidates we speak with are expecting a new level of work flexibility to support their personal and family interests.A large dichotomy between company attitudes to hiring!   Some firms are making the hiring process so cumbersome that both parties lose interest half way through the process.  It’s not uncommon to see a candidate going through six or seven rounds of interviews, without receiving an offer at the end of the saga. Whilst other organisations are very quick to bridge the skills gap, recognising that finance departments need enough resources to operate effectively. The overwhelming message that we are receiving is that accountants are feeling jaded, given they are working harder than ever with less moral support and fewer resources. Now businesses are starting to see cracks appear and recruitment is back on the agenda. " It has largely been an employer’s market lately, where candidates have very realistic expectations and businesses have been able to secure strong candidates quickly. We are also seeing a fresh demand for niche skillsets, such as: Regulatory Reporting,  IFRS 17, and Technical Accounting, which has led to competing offers and a shortage of candidates with the right skills. The projects that were put on the long finger are now back in focus.In contrast to the 2008 crisis, we haven't seen many redundancies within financial services firms. Nevertheless, businesses are reassessing what skillsets they require from senior finance leaders in this uncertain environment. Unfortunately we have seen some cost cutting at the very senior end of the market with opportunistic or knee-jerk removal of CFOs and Directors who may have been seen as an expensive luxury in a stale economy, however these people will be an absolute necessity to have in place when businesses return to growth mode. We’re expecting risk appetite to accelerate Going into spring 2021 we fully expect that positive news on a vaccine will spur a newfound confidence, and risk appetite will accelerate the need for additional resources and new expertise, leading to a war on talent. Our advice would be to really look after those star employees who you want to keep as they will be approached by other companies! If you are thinking about growing your team or department, it may be worth getting ahead of the game and kicking that process into action before you lose out, or have to pay salaries over the odds.If you are considering recruitment options, or want to discuss your own personal circumstances, then please feel free to call me for a chat on 079 6337 0126, or drop me an email.

** DEFAULT postresults.teaserlabel - en-GB **

In recruitment we are usually on the sharp end of economic turmoil, so I’m very empathetic to people’s struggles, especially those seeking new employment.

Read full article
Paul Roche

by

Paul Roche

Paul Roche

by

Paul Roche