Private Equity Accounting Manager

Private Equity Accounting Manager

Posted 7 days ago

Alexander Daniels Offshore is working with a business based in Jersey to recruit a Private Equity Accounting Manager.


  • To assist with drafting and reviewing of Service Level Agreements incorporating measurable and meaningful KPI’s
  • To assist the on-boarding deal team with set-up and take-on process of any new private equity business
  • To assist in preparation and agreeing accounting reporting templates with client
  • To assist with the review of fund documentation and Business Acceptance Committee documentation pertaining to the launch of new funds and provide comments as necessary
  • To ensure the implementation of appropriate procedures in respect of any new business
  • To oversee and be actively involved in the day-to-day servicing of private equity fund clients and to ensure the fund is operating in line with the Service Level Agreement
  • To supervise and control the accurate, efficient and timely delivery of all valuations, capital accounts, quarterly statements, annual financial statements and any other reports together with supporting schedules and/or working paper in line with the fund documentation and accounting standards
  • To oversee the reconciliation process for cash, stock, shares/units in issued and ensure that all breaks identified are cleared on a timely basis and in accordance with agreed KPI
  • To prepare/review of performance fee, Internal Rate of Return and equalisation calculations as required by the fund documentation or the financial reporting procedures of the fund
  • To prepare/review drawdown, equalisation and distribution calculation in accordance with the fund documentation
  • Be involved in the collection/payment of income/fees/expenses on a timely basis
  • Where appropriate, assist in the completion of all relevant regulatory and tax information provision
  • To liaise with internal and external auditors and manage the year-end/interim audit process via a monitored timetable and audit requirement list
  • To be a key person for all client contact and manage and ensure timely solutions are provided to all client queries
  • To assist with training, supervision and management of direct report(s), as well as other junior members of the team as the private equity business, expands
  • To assist, as required, the Head of Department with any development of in-house fund accounting and private equity system to meet future business and market requirements
  • To execute group project opportunities relating to the implementation of new product accounting and operational procedures

Skills and Experience:

  • Excellent working knowledge of fund accounting practices and standards, particularly IFRS, UK GAAP and US GAAP
  • Experience within the finance industry and specifically experience in private equity fund accounting preparation
  • Experience in people management
  • A recognised accountancy qualification (e.g. ACCA/ACA).

Personal Attributes:

  • Excellent delegation and time management skills with the ability to prioritise a high volume of time-sensitive tasks quickly and appropriately
  • Sound analytical skills
  • Strong problem-solving skills with an excellent awareness of commercial and risk management based client solutions
  • Attention to details

Job Features

Job CategoryAccounting, Fund/Asset Management
Job LevelArray
Job IdAD-JSY-1234
Job TimeFull Time

Key Details

Ref NumberAD-JSY-1234
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