Fund Controller

Recruiter
B&FS Finance
Location
London, United Kingdom
Salary
100k - 130k
Posted
24 Nov 2022
Closes
24 Dec 2022
Ref
17896043
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Are you an experienced Fund Controller looking to advance your career with a high growth private credit manager?

Investigo is currently partnering with an ambitious firm, currently driving their business to $25-$30bn AUM in the next 5 years. With this growth in mind and off the back of a recent promotion, this firm are looking to hire an experienced Fund Controller to help drive performance optimisation while maintaining and enhancing robust controls.

Joining this value-add finance function, the successful candidate can expect to gain ownership over:
  • Advising the business on fund related decisions, ensuring regulations and policies are adhered to
  • Achieving a comprehensive understanding of the fund partnerships, borrowing terms, FX hedging policies, valuation policies, portfolio investments, investment pipeline and cash management profile
  • Understanding of the commercials behind the deals to ensure that fund operations, accounting, structuring and tax fully support the investment returns
  • Fund performance metrics and calculation methodologies
  • Develop internal profile and act as a respected interface between the Finance Team and the investment, portfolio management, IR, legal, tax and compliance teams
  • Be a key senior contact point for service providers (Administrators, Legal Advisors, Auditors, Banks, Tax Advisors)
  • Fund cash and Treasury positions, including assisting in developing and monitoring counterparty exposure
  • Working closely with the fund accounting team and Fund administrators to ensure that derivative contracts, FX gains/losses and borrowing are correctly reflected in financial statements
  • Hedge documentation and effectiveness testing, supporting Group Finance in the correct recording of treasury instruments.
  • Use loans as a method of hedging FX through currency matching against assets
  • Monitoring of compliance with risk policies, in particular the Liquidity and Funding Risk Policy and the Liquidity Framework
  • Delivery of management information including liquidity risk reports, market analyses as well as supporting the preparation of Board and Committee papers.
  • Providing insight into Fund performance enhancing workflows around subscription lines and FX assistance and support to Fund accountants, including advising on nature of contracts
  • Overseeing Quarterly NAV and Financial Statements production to a high standard
  • Overseeing the Quarterly Investor Reporting and annual audit process
  • Review and approval of drawdown and distribution calculations, management fee calculations, waterfall/ carry calculations and approval of Fund performance (Gross and Net) and scenario planning
  • Responsible for the accurate calculation of valuations by the accounting team on a Fair Value basis and in accordance with IPEV valuation guidelines
  • Attendance at the quarterly valuation committee to present portfolio valuation movements and the overall impact on the fund

Experience required:
  • ACA / ACCA or CIMA qualified with at least 7 years of post qualified experience - most of which will be from a management firm working with closed ended funds
  • Knowledge of liquidity risk, fund structures and funding instruments used across LUX
  • Working understanding of debt capital / private equity or credit structures
  • Advanced excel skills / modelling skills would be advantageous
  • Strong team player with drive for quality outputs

What's on offer:
  • Exceptional work/life balance and flexible working arrangements (3 days in the office in London)
  • Highly competitive salary and bonus structure
  • Enhanced pension
  • Opportunity to continue to learn and develop, broaden skills and exposure - great working culture with collaborative teams

To find out more, please contact Cheryl Aust at Investigo London