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Vice President level opportunity to join an expanding and high-performing Fund Control team with expertise in Private Credit. The mandate will be to ensure the timely delivery of quarterly fund reporting and to have responsibility of the outsourced fund administrators in the production of the financial statements. London based.
Client Details
Private credit manager, providing non-dilutive capital to high-quality private equity management companies, funds, and institutional investors. London based.
Description
The role will include responsibility for calculating the valuations on portfolio investments and will support the Finance Director and the Fund Operations Team. This is a broad and exciting role with plenty of stretch, for someone looking to advance their career at a leading and fast-growing private credit manager.
Responsibilities include (but not limited to):
Reporting
- Developing a detailed understanding of fund performance metrics and calculation methodologies
- Developing a detailed understanding of the accounting standards and accounting treatments used across the fund partnerships
- Working day-to-day with 3rd party administrators and developing a strong working relationship with your counterparts on the funds
- Managing quarterly reporting timetables and ensuring delivery to deadline
- Supporting the Quarterly Investor Performance Reporting across multiple funds
- Supporting and reviewing the Quarterly Financial Statements
- Supporting and reviewing NAV production prepared under Lux GAAP
- Monthly NAV estimate calculations
- Interactions with Investor Relations to complete investor queries
- Working with service providers (Auditors, Banks, Tax Advisors)
Valuations
- Reviewing and approval of valuation calculations for the investments and support the Fund Controllers in the valuation process
Fund Operations
- Achieving a detailed understanding of the fund's partnership agreements, borrowing facility agreements, operational processes, investments, investment pipeline, cash management processes and FX hedging policy
- Cash, treasury support and FX Hedging support to the Operations Team
Portfolio Management
- Obtaining a deep understanding of the commercials behind each deal so as to apply this when working on the various aspects of the fund accounting and operations
Forecasting and Management Information
- Have a detailed understanding of the Fund forecasting models
- Updating and verifying KPIs in management reports
Tax
- Provide support on UK tax compliance matters (review returns and ad-hoc queries), Luxembourg (corporate and VAT) and US (Investor K-1 reviews)
Profile
- ACA or equivalent accounting qualification
- Private Credit Funds expertise
- 6-10 years + Professional experience
- Technically strong in the application of Lux GAAP (majority of funds are Luxembourg based)
- Prior experience of managing a reporting cycle and producing/reviewing financial statements for a closed end fund in private equity, private debt or hedge fund
- Experience in 3rd Party administrator and service provider oversight
- Highly analytical with prowess for working with high volumes of numerical data
- Meticulous attention to detail and accuracy
- Commercially minded and familiar with performance reporting, financial reporting and dealing with investors
Job Offer
12 month fixed term contract (Permanent hire may be considered)
Competitive salary and compensation package
Generous Annual bonus
Hybrid working
