Senior Fund Controller
£120,000 + £140,000 and good bonus potential and benefits
Central London ’’ Hybrid role ’’ 4 days in office
THE COMPANY
High growth, large venture capital and alternative fund management and investment firm, with a collegiate, supportive and diverse culture have a rare high profile, career opportunity for an experienced Fund Finance professional to join the business in a senior role. They have achieved tremendous growth in terms of their valuation and invest in fast growth businesses with high demographic influences. The firm now has several funds with collective AUM of over £2.bn and commitments of over £2bn. Such is the level of the firm’s success that they have recently gone through a further successful fund raising in what many commentators state is a difficult market to raise funds. The role works very closely with the CFO and the deals team and management. The The role will require strong attention to detail and understanding how a wide range of funds operates.
SKILLS AND EXPERIENCE REQUIRED
To be considered for this excellent opportunity you should meet the following requirements:
*A qualified CA / ACA with a minimum of 5 years’ post qualified experience gained within a fund controller or fund accounting role in-house at an Alternative Investment fund manager /private equity / VC firm with experience within either Private Equity, Venture Capital, Real Estate, Debt or Infrastructure.
*Experience of reviewing the work at a high level and detail level of work produced by external fund administrators
*Detailed understanding how a wide range of funds and structures operate
*Knowledge of private equity / venture capital / alternative products and services
*Good fund operational or financial background having worked in a PE, VC or alternative fund management group
*Excellent written English and clear verbal communication skills
*Highly organised, attention to detail and able to work to the highest standards
*Hardworking, ambitious and professional and takes pride in the work they produce.
*Team player and previous experience of managing junior members of staff
*Proactive and a fast learner
THE ROLEThe objectives of the role are to:
*Take ownership of and manage all fund and SPV reporting and operations ensuring information provided is accurate
*Oversight of the fund administrators
*Ensure delivery of finished products to the CFO on time and to a standard fit for client delivery
The role includes the following:
*Cash management: Maintain a quarterly cash flow projection for the funds and responding to LP cash projection requests
*LP matters: Ensure that all requests from LPs are actioned
*Fund reporting: Setting quarterly timetables with administrators, NAV review and approval at fund level, review quarterly SPV management accounts, ensure timely delivery of Manager’s report, quality control over all fund reports
*Fund and SPV audits: Ownership and oversight of all audit processes (UK, and all offshore locations), set audit timetables and ensure that deadlines are met throughout the process, plan valuation meetings attended by all auditors and investment team, oversight of production of SPV management accounts and NAV calculation, review of fund and SPV financial statements at both draft and final stages, drafting board minutes for approval of accounts (excluding SPVs as these are prepared locally)
*Drawdowns: Manage drawdown process, determine funding requirement for quarterly expenses, for calls for investments, get relevant information from the investment team
*Distributions: Manage distribution process, at SPV level work with CFO to determine optimal way of returning cash to the funds, preparation of SPV and Fund Distribution Control Schedules, at fund level check distribution workings produced by administrators
*Supplier invoices and payments: Ensuring that all invoices payable by the funds are approved, coded, authorised for payment and passed onto the relevant administrators for payment, ensure that SPV invoices are approved before payment, ensure that cash balances are checked before payments are made
*Management fee: verifying management fee calculations prepared by administrators and gaining payment authorisations
*Net and gross performance: Ensure accuracy of the IRR workings
*Tax compliance: Coordinating the tax reporting to ensure collation of underlying information and the ultimate delivery of the reports to LPs
*Portfolio performance reports: Production of monthly portfolio performance reports
*SPV service and rebate agreements
*Bridge facility: Coordinate drawings on bridge facilities and ensuring no covenant breaches
*Valuations: Attend valuation meetings and prepare the minutes of the meetings
*Assisting investment team
*Sundry: Oversee all day-to-day operations at fund and SPV level, maintain fund structure charts , improve and document processes
This will be a challenging but rewarding role that would suit someone who is highly organised, experienced, able to spot problems, find solutions and can work to the highest standards. This role is perfect for someone who is detail-oriented, ambitious, and thrives in a fast-paced, dynamic environment. Apply now to join a successful company with ambitious plans for growth and take the next step in your career!
The company will not provide Sponsorship