Description
We are seeking a Private Equity Fund Accountant to join our team. The successful candidate will have extensive experience in preparing periodic and annual audited GAAP-based financial statements specifically for Private Equity funds.
Responsibilities:
- Prepare and review quarterly management accounts for client private equity funds.
- Lead general client reporting requirements, understanding the structure of the existing reports and client service level standards and key performance indicators (KPIs).
- Compute carry, equalization, and late closing interest for funds administered.
- Prepare and review waterfall calculations.
- Maintain and process accounting records through journals and other transactions to the general ledger and trial balance.
- Manage and coordinate annual fund audits with external auditors and the client.
- Review draft annual financial statements in accordance with IFRS, UK GAAP, US GAAP, Canadian GAAP, and Lux GAAP depending on fund domicile.
- Liaise with the tax team to ensure timely completion of tax engagements and appropriate charges and accruals are recorded in the financial statements.
- Complete and review regulatory returns as and when required.
- Develop a clear understanding of the cash management function of the funds.
- Work with and provide support to the treasury team as and when required.
- Involvement in vital team management and allocation planning.
- Training, development, and potential management of junior team members.
- Involvement in RFPs for new prospects and successful onboarding of new clients.
- Identify and implement process improvements to enhance operational efficiency, strengthen controls, and improve the quality and consistency of fund accounting and reporting activities.
- Drive the development and adoption of AI and automation solutions to streamline fund accounting.
Qualifications:
- 4+ years of strong related experience in private equity fund accounting.
- An understanding of fund/group structures.
- Knowledge of private equity carry, waterfall, LCI, and equalization specific to private equity funds.
- UK or US GAAP working knowledge is essential, and IFRS, Canadian GAAP, or Lux GAAP is desirable.
- Experience with FIA (front invest analytics) ideal.
- Excellent working knowledge of accounting databases/running reports.
- Competent user of MS Excel and other MS products.
- Experience in using AI and automation tools.
Benefits:
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
Hybrid Work Model:
- Employees are required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week.