Hybrid Accountant (Corporate and Fund Accounting) PE Hybrid Accountant (Corporate and Fund Accounting)  …

Carnegie Consulting
in London, United Kingdom
Permanent, Full time
Last application, 25 Sep 21
GBP50000 - GBP55000 per annum + 30% bonus + benefits
Carnegie Consulting
in London, United Kingdom
Permanent, Full time
Last application, 25 Sep 21
GBP50000 - GBP55000 per annum + 30% bonus + benefits
Hybrid Accountant (Corporate / Fund Accounting) - Private Equity

Hybrid Accountant (Corporate / Fund Accounting) - Private Equity

My client is a boutique Private Equity firm, investing in businesses across Europe in the retail, consumer, and leisure sectors with circa €600 million of funds invested to date.

Role Overview:

This Hybrid Accountant role looking after Corporate Accounting and Fund Accounting, as well as Portfolio Company duties directly reports to the company CFO, with a broad range of responsibilities including looking after the investment advisor and the four funds that the LLP advises.

Part of your time will be working on the corporate entity performing all support functions associated with the corporate adviser including management and statutory accounts and overseeing the year end audits.

As well as this you will be providing support to the funds through managing the administration in conjunction with the fund administrators in Guernsey, overseeing the fund audits and the quarterly fund reviews and assisting the deal team with the acquisition and disposal of portfolio companies.

Focus/Objectives of the role:

  • To undertake all aspects of accounting for the UK based advisor and parent entities, including management and statutory reporting and fund accounting
  • To operate, maintain and supervise key financial controls on an effective and timely basis
  • To prepare and co-ordinate reporting of individual and corporate tax
  • To communicate closely with internal stakeholders, external fund administrators and other professional counterparties
  • To support ongoing system development
  • To assist with compliance oversight & FCA reporting

Corporate Accounting duties:

  • Monthly management accounts and production of statutory consolidated accounts
  • First point of contact for LLP auditors
  • 13 weeks cash flows, annual cashflow and annual budget compilation
  • Statutory filings including FCA returns and tax returns
  • Logging employee and LLP expenses and subsequent reinvoicing to portfolio companies
  • Negotiating and securing D&O insurance renewals for the LLP, Funds, and portfolio
  • Ensuring the LLP is up to date on all forms of compliance
  • Review of the annual partnership tax return and P11d calculations
  • Responsibility for the reviewing of the monthly management accounts produced by a third party in the US.

Fund Accounting duties:

  • Reviewing quarterly financials for all fund entities produced by the administrators which includes a full P&L and BS review
  • Authorising payment of invoices through fee recommendation notes
  • Oversight and first point of contact on fund audits
  • Maintaining close relationships with fund administrators (RBC/Apex)
  • Production of cashflows and dry powder calculations to aid investment teams
  • Drawdown calculations
  • Review of LP capital accounts
  • GPS calculations and the subsequent cash movement through the fund structure
  • Review of K1's and other legal/tax filings

Portfolio Companies duties:

  • Supporting the investment team on acquisition and disposal of portfolio companies
  • Liaising with portfolio holding company administrators in Cayman and Luxembourg
  • Reviewing holding company accounts
  • Review of investment valuation reports

Candidate Requirements:

  • Strong academic profile - in a relevant degree
  • Newly or recently qualified ACA/ACCA/CIMA accountant
  • 3 years' experience coming from a mid-tier accountancy practice
  • Experience working on financial services clients desirable but by no means essential
  • Desire to work for a busy investment firm in a finance capacity
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