Phenomenal opportunity to join a US-based global alternative asset manager as they look to establish a new funds finance team in London, owing to multiple successful fund launches in the last few years. With an established presence in London in private equity and private debt, they've recently begun adding headcount to the non-investment side, with this particular role aligned to their European private debt fund which closed in early 2023.
The position offers the opportunity to develop robust knowledge of the debt fund business by allowing the successful candidate to work with extended levels of autonomy while at the same time being a pivotal contact person exposed to deal origination, asset management, tax, legal and capital markets teams, all of whom are based in London and Luxembourg. There are ambitious plans to add additional private debt funds in the US and Europe in the coming years, with this team likely to grow in size accordingly.
Running and maintaining fund and deal models to produce periodic returns and performance indicators.
Proactively liaise with the asset management team to align returns and actively contribute to quarterly/yearly investor reporting
Develop and run models involving specific and advanced arrangements and side funds on a periodic (complex funds) and ad hoc basis to meet information requests on sensitivity test and simulated returns from investors or the deal origination team
Present the fund's periodic performance to external directors
Actively participate in meetings with asset managers, capital markets and deal origination team and interpret updates into financial information
Act as the main contact person for all fund matters and to monitor the fund and its entities' deadlines and milestones in connection to a strong understanding of the business cycles
Develop and run lender covenant calculation spreadsheets, produce certificates and submit and present them for directors approval
Running the financial statements model and produce key cash, hedge and FX reconciliation necessary for NAV preparation by the external servicers
Review and seek feedback on the master fund and its entities' accounts (audited and unaudited) and provide structured feedback
Maintain internal carried interest models and calculations
Prepare and provide documentation on specific accounting technical issues and discuss them with auditors
Perform carried interest computation with parallel funds, multiple closings and specific investor arrangements
Develop and maintain waterfalls with investment vehicles in multiple jurisdictions
Ensure effective oversight of audits
Proactively perform short and long term liquidity forecasts by closely working with the origination team and the deal asset managers
Lead capital calls, distributions, drawdown on subscription line, and external debt facilities to meet liquidity needs while keeping liquidity levels within reasonable range
Plan, execute and monitor hedges (FX, interest, etc.)
Monitor and oversight of the day to day operations of the fund and its entities
Actively participate in new fund, deal, or vehicle establishment
Actively participate in internal projects (IT, documentation, coordination of outsourced services, etc.)
Fully qualified accountant - CA, ACA, ACCA, ACMA, CPA or equivalent - with experience working on closed-end fund structures across private equity, real estate, private debt, infrastructure, credit or alike.
Exposure to the Luxembourg funds market would be especially beneficial.
A background working in either a fund or fund administration firm. This role is not aimed at someone leaving practice for the first time.
Likely around the 7 to 10 years PQE mark or thereabouts.
Advanced Excel skills: comfortable manipulating data with basic financial modelling abilities.
A collaborative outlook and team player with high levels of integrity
Strong relationship-building skills and comfortable talking to a variety of stakeholders internally and externally
Fluent or native English speaker and excellent verbal as well as written communication skills.
Salary on offer is in the region of £100-120,000 plus benefits and bonus. Hybrid working and Mayfair (Green Park) location.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.