Hybrid Accountant (Fund and Corporate) - Venture Capital

Carnegie Consulting
London, United Kingdom
GBP55000 - GBP70000 per annum + + bonus + benefits
03 Sep 2022
07 Sep 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Hybrid Accountant (Fund and Corporate Accounting) - Venture Capital

My client is a highly successful boutique Venture Capital firm with assets under management of $1 billion, across 4 funds investing in UK tech businesses.

Title: Accountant (70% Fund Accounting duties, 30% Management Company Accounting duties)

Reports to: Finance Director

You will have key relationships with: Partner group, Finance team, Investment team, Operations, Marketing and Events, External investors, Auditors, Fund administrators, Tax advisors, Regulatory advisers, Legal advisors, Portfolio company CFOs and Finance teams

Hybrid: 3 days in the office, 2 days from home

Purposes of Role:
  • Contribute directly to the commercial success of the business and playing an integral part in managing the activities of flagship funds located in the UK and Luxembourg
  • Make a strong contribution to our whole team through creating and driving whole-business processes and being part of developing information systems to support the firm's management and investment teams, external investors and advisors
  • Play a vital role in an evolving finance function which is closely involved in all aspects of our business, working in close collaboration with an expanding and dynamic investment team

  • 70% of the role sits on the Fund Accounting side with the remainder of accounting duties on the Management Company side
  • Ensuring flawless cash management & forecasting - cash management, fund cashflow forecasts, bank reconciliations
  • Finance Operations - Limited Partners distribution management, Limited Partners report distribution, accounts payable
  • Budgeting - manager entity budgeting, manager entity accounting, creating and maintaining a clear structure for our manager entity accounts
  • Accounting and audit support - posting supplier invoices, journal preparation, journal posting, balance sheet reconciliations, month-end close, payroll accounting, financial audit support, FCA audit support, ensuring simple, clear audit trail
  • Finance Systems - implementation of finance systems, testing and developing processes
  • EIS - coordinating EIS tax relief for our investments, close liaison with investee company CFOs & investors
  • Tax - preparing tax returns + VAT reclaims, tax compliance analysis, FATCA/CRS compliance
  • Maintaining and developing quarterly track record models which is vital to our fund-raising programme
  • Working closely with the investment team to create case studies
  • Portfolio - monitoring investment processes in collaboration with the investment team

Key Challenges:
  • Learning the ropes in a rapidly developing business: the business has doubled its asset base and its team in the last 18 months, and plans similar future growth
  • Working independently and collaboratively, understanding current priorities and deadlines whilst challenging and creating new ones
  • Work effectively across a wide range of projects, including under pressure or occasional tight deadlines
  • The role requires the individual to be able to manage multiple tasks simultaneously across a variety of products and work streams

Person Specification:
  • Excellent academic record
  • ACA or ACCA qualified
  • Experience working on private equity or venture capital funds from either: a practice background, OR a fund administration background OR in house at a PE or VC firm

  • Excellent organisational skills and advanced Excel skills
  • Comfortable handling and analysing large amounts of data
  • Excellent communicator by email, over the phone, face-to-face: have an ability to get on with people from all walks of life
  • Highly organised
  • Energetic and enthusiastic - an acid test: when they appear through the door, or on Zoom, do they raise the team's collective energy
  • Self-starter with strong organisational skills, adept at working effectively across multiple projects to meet multiple tight deadlines with minimal supervision
  • Ambitious change driver, demonstrating broad experience of taking responsibility and making things happen, so we need someone who is really going to help create and push those changes
  • Detail-oriented with strong analytical skills as well as the ability to effectively summarise findings, and clear communication both verbally and in writing to internal audiences and external clients
  • Keen on systems - they need to be curious about what solutions are out there to make us work better
  • Excellent working in and positively contributing to a team; thirsty for involvement and collaboration with all other team members; keen to collaborate with finance teams in portfolio companies
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