Altus Partners has partnered exclusively with a leading Private Equity firm that is looking to bring on an immediate Head of Fund Finance to join their growing team in London. The business is going through a growth phase having recently raised a fund in excess of £1Bn. The role will be responsible for a team of Fund finance professionals managing all aspects of the accounting, reporting and financial processes in relation to Funds and Investment vehicles (SPVs). The role will report directly to C-Suite and play a pivotal role in the technology and development of the fund finance area.
The Director will oversee the fund finance area including:
Oversight of all Finance and Accounting responsibilities for the Private Equity Funds
Main point of contact for all internal and external stakeholders providing regular updated information on transaction requirements including holding structures, funding mechanics and valuations
Review accounting and management reports for investment assets across Europe.
Provide oversight on the organising and maintenance of external teams
Management and development of Fund Finance team
Oversee transaction accounts, cash management and liaising with banks on funding requirements across different countries.
Oversee the coordination of the annual audit process for all fund and SPV entities including liaising with auditors, supervising the production and timely distribution of financial statements.
Provide oversight of externally managed subsidiaries and investments.
Lead on all financial aspects of acquisitions and disposals of investments including cash management, accounting for transactions and provision of appropriate support to the investment team.
Lead from a funds finance perspective in relation to portfolio matters and complex transactions
Liaise with senior finance contacts to ensure reporting received is timely and accurate and advise them on how to address any issues that arise.
Ensure a full understanding of their accounting issues, expectations of performance and transactions and ensure accuracy of their reporting and appropriate strength of their control environments.
Coordinate with internal teams to ensure they are supported with financial information required for all aspects of regular tax compliance and strategy.
Prepare and review market valuation for private investments in line with group valuation policy
Provide oversight on the organizing and maintenance of external teams
Support information needs of management and working on system projects periodically to meet new accounting and business requirements.
Work closely with regional offices to design and implement various finance improvement initiatives and analytics as part of a investment operations finance transformations
Bachelor’s degree preferably in Accountancy.
Qualified Accountant – ACA / ACCA (Or equivalent)
Strong understanding of Private Markets Fund structures
10 years relevant working experience with a background in fund finance
Experience of managing teams.
Excellent interpersonal, communication and analytical skills, who is keen to learn and pick up new challenges in a dynamic and fast paced environment.
Comfortable working under pressure, including ability to prioritise tasks and meet deadlines