Full job description Our client is a global alternative investment manager that invests across the capital structure, asset classes, industries and geographies. The firm is continuing on its growth journey and is now looking to recruit a highly motivated and technically strong Assistant Fund Controller to support the financial management, reporting, and control environment of a portfolio of open-ended private credit and private equity funds. The successful candidate will have a solid grounding in fund accounting and financial reporting, with practical knowledge of US GAAP and IFRS and a good understanding of alternative investment fund structures, NAV processes, and day-to-day fund operations.
Profile / Search Criteria:
*Bachelor’s degree in Accounting, Finance, Economics, or a related field.
*ACA, ACCA, CA, CPA, or an equivalent professional accounting qualification is preferred; part-qualified candidates will also be considered.
*Relevant experience in fund accounting, fund financial reporting, audit, or fund administration, ideally gained within an alternative investment manager, Big Four firm, or third-party fund administrator.
*Working knowledge of US GAAP and IFRS; exposure to fair-value accounting and financial-instrument reporting would be beneficial.
*Understanding of open-ended fund structures and core fund accounting processes, including NAV production, subscriptions and redemptions, investor allocations, and financial-statement preparation.
*Interest in, or exposure to, private credit strategies, such as direct lending, asset-based finance, distressed or special-situations credit, and/or private equity investments.
*Advanced Microsoft Excel skills; experience with fund accounting platforms, data-analysis tools, and process automation, including Excel-based and AI-enabled solutions, is advantageous.
*Excellent communication and stakeholder management skills.
Responsibilities / Tasks / Coverage:
*Assist the Fund Controller with the financial reporting and ongoing oversight of a portfolio of open-ended private funds, in line with US GAAP, IFRS, fund documentation, and company policies.
*Support the preparation and review of NAVs, investor allocations, equalisation calculations, and investor capital activity, including subscriptions, redemptions, capital calls, and distributions.
*Assist in preparing quarterly and annual financial statements, investor reports, management information, and relevant regulatory reporting.
*Liaise with fund administrators and support coordination with auditors, tax advisers, legal counsel, and other service providers to ensure reporting is accurate and delivered on time.
*Complete fund accounting reconciliations and control checks, investigate and resolve exceptions, and help strengthen fund accounting processes and procedures.
*Support the review of fund activity against limited partnership agreements, offering documents, side letters, and other relevant governing documentation.
*Provide fund accounting support, portfolio analysis, transaction-related assistance, and ad hoc reporting to investment, legal, tax, operations, and senior-management stakeholders.
*Assist with the valuation of illiquid investments by preparing supporting analysis and documentation for review by the Fund Controller, investment teams, fund administrators, and the Valuation Committee.
*Help deliver fund accounting system enhancements, reporting improvements, automation initiatives, and other process-development projects.
*Assist with cash management, liquidity monitoring, expense allocations, management-fee calculations, and other fund-level accounting and operational activities