Assistant Accountant Private Funds

Business Area Finance
Location London
Job type Permanent

Reporting to the Financial Controller, to support all aspects of the Infrastructure Finance function, including maintaining accurate and up to date ledgers and delivering high quality financial reporting to investors and the IRCP business.  The role is integral to the financial reporting and operations for the 4 unlisted infrastructure funds and 3 co-investment vehicles, with assets under management of over USD 1.5bn and over 40 investments.

Assisting with the preparation of financial reporting:

  • Preparation and/or review of cash books and accounting journals for quarterly management accounts and statutory accounts prepared under FRS 102 or IFRS
  • Quarterly and year end close processes, including reconciliation of balance sheet items
  • Working closely with external auditors and the wider InfraRed business, as required, to support timely preparation and audit of annual statutory accounts
  • Liaising with third party administrators and finance managers
  • Maintaining loan schedules to ensure principal and interest amounts are kept accurate and up to date
  • Providing support for the preparation of quarterly reporting packs for the Board of Directors
  • Preparation and submission of VAT and other regulatory returns

Cash management and treasury:

  • Monitoring timely receipt of distributions from investments and providing cash analysis for semi-annual portfolio valuations, liaising with the wider InfraRed team
  • Preparing and reviewing documentation to ensure payments are approved and processed in a timely manner
  • Weekly updating of cash flow forecasts and identifying funding requirements, including drawdowns and repayments of the fund’s debt facility
  • Invoice preparation and management
  • Assisting with the establishment of bank accounts in line with business policy
  • Executing FX hedging in line with fund policy
  • Liaising with banks to ensure compliance with regulatory requirements

Ad-hoc responsibility

  • Assisting with the ongoing monitoring of acquisition expenditure
  • Assisting with acquisitions and disposals, including funding and Company Secretarial duties
  • Incorporation of new companies
  • Working with the Fund Manager, Portfolio Director and wider InfraRed business to identify efficiencies and process improvements

Skills and Qualifications

  • Studying for a relevant professional accounting qualification (e.g. ACCA or equivalent)
  • Competent with Word, Excel & PowerPoint
  • Organised, able to prioritise and meet tight deadlines
  • Willingness to learn and develop new skills/flexible ‘can do’ approach
  • High level of attention to detail and accuracy
  • Experience within a fund accounting environment an advantage
  • Strong communication skills, both written and verbal

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