Financial Controller, Private Equity

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Lawbrook Finance
  • 11 Dec 17 2017-12-11

This is an excellent opportunity to support and grow with an international, motivated and dynamic Private Equity investment team which has the mandate to substantially grow existing assets over the course of the near term.

The role entails managing the global reporting and operations of the private equity secondary funds business. Planning and delivering fund administration and reporting services, including the following key deliverables.

Financial Reporting & Valuations

  • Overseeing the maintenance of the books and records and production of quarterly financial statements in accordance with US GAAP, which are administered by third parties
  • Coordinating investor reporting including quarterly preparation of Net Asset Value (NAV), distribution of capital accounts and tax reporting, and preparation of responses to ad-hoc investor reporting requests
  • Maintaining regular contact with auditors, providing support to the audit process and ensuring issues raised during the audit process are reported to management and promptly dealt with

Tax Compliance

  • Assisting in the annual tax compliance process including collection of tax information and assisting the tax manager in the coordination of fund and investment tax returns and investor schedule reporting

Cash Management

  • Managing liquidity, including investor calls and distributions, transaction funding, debt facility management, cash repatriation, hedging and vendor payables

Regulatory Reporting

  • Ensuring compliance with all regulatory reporting and filing obligations including regulatory reporting, tax/VAT returns and all other required submissions
  • Assisting in US and Global regulatory private equity fund (Form Private Fund) and manager (AIFMD) reporting
  • Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting

Structuring and Transaction support

  • Coordinating the set-up and management of fund legal entities to support the transaction team, taking into account regulatory, legal, banking and tax considerations
  • Monitoring of due diligence spending and follow-on funding for fund investments to make sure they are within Investment Committee approved limits

Fund Compliance

  • Monitoring of fund’s compliance with the partnership operating agreement terms and investor side letters
  • Understanding and ability to review Fund carry and waterfall calculations
  • Supporting the PE business in the development and launch of new funds

Experience Required

  • Relevant experience as a fund controller (preferably ACA or equivalent) in a fund of funds, secondary fund or direct private equity business
  • Relevant work experience, which may include public accounting and private equity and/or real estate industry experience
  • A strong technical accounting background, with excellent knowledge of US GAAP and experience of financial statement preparation.
  • Experience with IFRS is beneficial
  • Understanding of private equity fund tax reporting, FATCA, Crown Dependencies & Overseas Territories (CDOT) and CRS regulation is beneficial
  • The candidate must be motivated, detail oriented, and must be able to independently solve problems and manage several on-going tasks
  • The candidate must have strong knowledge of Excel and have experience with manipulation and presentation of data to varied consumers. Experience writing Excel macros is beneficial
  • Good communication skills are essential, as the success of this position requires continual interaction with external partners, investment professionals and finance managers on a global basis