Fund and Portfolio Controller, Private Equity – Secondaries / Fund of Funds

Job title : Fund and Portfolio Controller, Private Equity – Secondaries / Fund of Funds
Location : London
Reference : 1438710
​THE SEARCH

Altus Partners has partnered with a growing Private Equity firm that is looking to bring on a Fund Controller to join and be the second point of contact to the CFO. The business is going through an exciting growth phase with the team growing across all functions. The business is currently fundraising and are looking to come to the first close before July with the scope to already start deploying capital. The role will support the CFO and senior management in the implementation and development of the internal controls and functions for the finance and portfolio functions whilst working alongside the deals team in transaction and structuring support.  

 

THE ROLE:

The role will be the number two in the finance function and will support the CFO and senior management in developing and growing the finance function. It is a unique opportunity to join the business through the growth period and have a direct impact on the business. The role is an oversight and review role as the business has an outsourced model. The responsibilities are broad as it will cover oversight of fund finance, portfolio management (valuations and monitoring) investor analytics and performance, structuring and new product launch and assisting the investment team through the deal process.

 Requirements

  • Review and approval of monthly/quarterly NAVs and investor reporting requirements for funds completed by the third-party Fund Administrators and oversight of their service functions.

  • Reviewing and instructing release of investor Drawdown/Distribution notices

  • Manage third party service providers such as Fund Administrators

  • Responsible for supporting investment teams with fund investment analysis and portfolio monitoring.

  • Liaise closely with internal and external operations team to ensure accurate portfolio data is recorded internally & externally.

  • To take responsibility and ensure adherence to the Funds FX hedging Policy.

  • Annual financial reporting: liaising with the fund auditors to manage an efficient year end reporting process.

  • Oversight of production of quarterly summary of portfolio performance and investment valuations for reporting.

  • Assist in preparation of underlying assets valuations and liaise with Valuation Committee members on a quarterly cycle.

  • Assist Investor Relations in ad hoc requests and fundraising queries.

  • Assist in on-boarding of new fund or managed accounts.

  • Assist in preparation of materials for quarterly committees.

  • Maintain and implement financial processes in line with best practice, add value where possible and work closely with external Risk, Legal and Compliance teams to determine and implement procedures in response to new regulations.

  • Enhance current control processes, including the use of systems to automate and streamline procedures, and maintain procedures documentation accordingly

 

THE REQUIREMENTS:

  • Qualified Accountant (ACA / ACCA / CIMA / or equivalent)

  • 2 – 4 years PQ experience in a Private Equity fund finance

  • Secondaries or Fund of Funds experience preferred but not essential

  • Understanding of Private Markets valuations and portfolio monitoring

  • Excellent communication skills, both written and verbal with the ability to develop relationships

  • A team player who can manage different workstreams during busy periods

  • Strong experience in Excel, Power BI etc.