Fund Accounting Associate Director

5 months ago

London, United Kingdom Intermediate Capital Group Full time

Job Title: Fund Accounting Associate Director

Location: London, St Pauls

Department: Fund Finance & Operations

Reporting to: Head of Fund Accounting

Summary of our opportunity

The Fund Finance and Operations (“FFO”) team consist of 44 employees, based out of the New York, Tokyo, Warsaw and our head office in London.

Reporting to the Real Estate Fund Controller, this position is responsible for the financial control and managing the financial reporting process for a designated set of Funds. The role involves the co-ordination and interaction with deal operations and investment teams, marketing and client relations, tax, fund structuring, and group finance, multiple stakeholders both internally and externally to ICG, such as fund administrators, auditors, Boards of Directors and investors.

Primary Responsibilities:
The responsibilities of the role include, but are not limited to:
- Oversee the teams quarterly financial, investor, and regulatory reporting- Oversee the teams annual financial statement production across funds and to manage the audit process- Manage the Administrators to ensure financial reporting is accurate and timely and reflects all relevant insight from the wider team- Collaborate with Deal Operations, Tax and external advisors to manage the funds flow, capitalisation and investor notices for investments and divestments- Manage Fund cash and liquidity, including bridge facilities, treasury positions and counterparty exposure- Monitor the compliance of the Fund LPA and side letter agreements- Respond to and develop processes/procedures around external investor queries and internal investor relations demands- Review and preparation of all investor financial and ad hoc reporting, Fund analysis and dealing with regulatory reporting (AIFMD, Solvency II and other regulations)- Formally document technical matters and supporting judgements in relation to the complex accounting, including broader fund matters which impact the Fund’s financial records- Manage fund cash & treasury positions, including assisting in developing and monitoring counterparty exposure- Manage the complexity of the fund structures and governing documents such that the operations reflect the intended tax planning- Working Risk, Compliance and Internal Audit on enquiries and periodical reviews- Perform ongoing and ad hoc analysis of Fund performance, calculation of Fund IRR’s, Carried Interest and other Fund performance measures- Review investor reporting outputs to ensure consistency with Fund financials and the latest investment commentary.- Consulting with investor relations for Fund/Investor performance requests and track record updates.- Ensure there is adequate process documentation and control for your areas of responsibility- Support the implementation of new in-house systems and procedures- SPV oversight, including managing the flow of information between local service providers, Administrators and ICG- Management of teams in London and India- Leading teams annual Due Diligence visits of the third-party administrators (TPA’s)- Support of team’s strategic projects including implementation of Target operating model, TPA consolidation etc- Attendance of meetings with TPA and discuss monthly performance and KPI’s.- Working with Group finance for management information reporting packs- Supporting and working with strategy controllers on all operational, reporting and governance matters- Assessing and implementing strategic opportunities to drive value for ICG, including optimisation of practices, data flows and technology platforms

Key Requirements/ Qualifications:
You will have demonstrable experience of:
- BSc/Ba - Preferably with ACA, CIMA, ACCA- Experience in UK, European, Asian closed end Fund structures with IFRS.- Experience in either Fund Administration, Private Equity & Venture Capital, Asset Management, Performance Analysis, Accounting- Very strong team player who is happy to work in a collegiate and consultative manner.- Strong knowledge of fund financials and reporting issues.- Conscientious with excellent diligence.- Advanced Excel skills, including financial modelling, and strong PowerPoint.

Our Global Benefits Framework is centered around these 3 key attributes:
- Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.- Inclusivity - Fit for purpose and competitive, no matter who or where you are.- Longevity - Long Term and sustainable in design_._

Why ICG?

ICG (Intermediate Capital Group) is a FTSE-listed, FCA-regulated alternative asset manager creating sustainable value by partnering with ambitious businesses. We have over 30 years' history and today we manage $82.1bn* of assets and invest across the capital structure. The firm employs over 575 people in 16 countries around the world and is well positioned for growth and benefits from the long-term trend of increased demand for alternative investments.

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