Private Equity Fund Accounting

About this role

• Fund administrator oversight – Provide effective oversight of external fund administrators with respect to portfolio performance, accounting and reporting and treasury management.
• Monitor performance of administrators in accordance with agreed-upon SLA.
• Prepare quarterly (RNS) financial & investor reporting.
• Liaise with Investor Relations to review investor reporting outputs to ensure consistency with Fund financials and the latest investment, and for ad hoc Fund/Investor performance requests and track record updates commentary.
• Review and understand the detail behind the valuation and other information received from investee managers (GPs), administrator inputs and prepare presentations to the Valuation Committee.
• Timely and accurate review of fund expenses, drawdowns & distributions.
• Respond to ad hoc request from the business and perform ongoing analysis of Fund performance, calculation of Fund IRR’s, Carried Interest, and other Fund performance measures.
• Ensure there is adequate process documentation and control for your areas of responsibility.
  
  

• Onboard and manage performance of third-party Incentive Scheme administrator
• Prepare Quarterly Incentive Scheme accrual
  
  

• Support Head of Enterprise Trust Finance in the preparation of the Enterprise Trust PLC Annual Report and Accounts. Lead preparer and owner of Portfolio performance metrics and commentary.
• Support Head of Enterprise Trust Finance in the preparation, review and audit of group entities.
• Prepare weekly Balance Sheet flash results
  
  

• Preparation of all investor financial and ad hoc reporting, Fund analysis and dealing with regulatory reporting (AIFMD, PRRIPs KID and other regulations).
• Manage delivery of information to Depository
  
  

• Working in collaboration with administrators to facilitate review and approval of capital calls and vendor payments.
• Manage Accounts payable
  
  

• Prepare Management Fee calculations for Group Finance.
• Prepare AUM/FUM information to Group Finance.
• Support Head of Enterprise Trust Finance in Annual Budgeting process and ad hoc requests from Group FP&A
  
  

• Ad hoc projects
• Support the implementation of new in-house systems and procedures
• Overall Performance Expectations:
• High quality timely inputs to monthly and quarterly reporting.
• Collaborative and supportive business partners
• Adherence to all procedures and processes with a strong compliance mindset
• Development of a deep understanding of fund structures.
  
  

• Qualified Accountant (ACA, CIMA, ACCA)
• Experience in either Listed Private Equity, Private Equity/Debt or Private Equity Fund of Funds in a Fund Accounting, Fund Administration or Performance Analysis in an Asset Manager, Fund Administrator, Leveraged Finance and / or Accounting & Consulting firm.
• Resilient team player who is happy to work in a collegiate, collaborative and consultative manner.
• Strong knowledge of fund financials and reporting issues.
• Conscientious with excellent attention to detail.
• Advanced Excel skills, including financial modelling, and strong PowerPoint.
  
  

• Thorough understanding of carry structures and waterfalls.
• Technical knowledge of IFRS.
• Experience of complex private equity fund performance measurement and reporting matters.
• Understanding of financial instruments across the capital structure
  
  

• Highly driven and motivated.
• Excellent time management and organisational skills to meet tight deadlines and manage multiple tasks.
• Confident and strong communicator, with advanced interpersonal skills.
• Technical mindset with a positive, flexible and ‘can do’ attitude and ability to deliver under pressure.
• Strong analytical and problem-solving skills, with an ability to work with large amounts of data.