Altus Partners have partnered with a growing Venture Capital firm that is looking to bring on a Head of Finance to oversee the finance function as the business goes through a period of significant growth. The business is a growing VC firm that focusses on investing across Europe and is expecting to rapidly grow its AUm. The business is going through an exciting phase as they are expanding globally as well as growing their team in the UK. This position will hold pivotal responsibilities as it will be working with the London management.
The business is looking to bring on a Head of Finance to work directly with the Partner and lead the finance and operations responsibilities across both the funds and the management entity. The role will be the main point of contact through the business for all finance and operations. The business is going through a significant growth phase, and this allows the person to take full responsibility for the function. The successful candidate will need to be a strong communicator and have a strong understanding of Private Equity fund structures.
Ensuring the smooth running of the investment vehicles and management companies, working closely with the senior management execute strategy.
Managing all third-party service providers (particularly the administrators, legal counsel and auditors and serving as the primary point of contact.
Performing a regular review of the service providers covering: quality of work, costs, scope of activities performed and investigating alternative providers where appropriate.
Management of the annual audit process for each entity, oversight of the audit relationship,
Working with service providers to structure new investment vehicles, ensuring that they will be suitable for the investment strategy, will meet investor goals, and will be regulatory compliant and tax efficient.
Management of all company accounts across the Group, assisting in setting up a Group level budget and monitoring performance against the budget.
SPV management to ensure cash allocation for the entities is adequate, including budgeting for all funds and SPVs for future expenses, ensuring cash requirements are sufficient.
Overseeing the finances of investment vehicles e.g. NAVoversight, cash management, invoice approval, budgeting and the audit processes.
Reviewing all drawdown and distribution calculations and notices prepared by the administrators
Reviewing investment valuations submitted to the investment committee.
Attendance at relevant investment vehicle and management company board and committee meetings.
Reviewing tax structures for both funds and management company and liaising with tax advisors to ensure efficiencies are gained as well as review and monitoring of routine tax compliance work.
Working with the outsourced compliance company to ensure on-going compliance is maintained with all applicable regulators e.g. FCA, GFSC, CSSF.
Reviewing and implementing all internal compliance policies and monitoring their applicability on a periodic basis.
Qualified ACA, ACCA or CIMA or equivalent
Experience in private equity finance and operations
4 – 8 years financial services experience
Experience in new fund structuring
Experience of service provider selection
Experience with legal and compliance oversight
Experience with investor interactions
Ability to prioritise, multi-task and work to tight deadlines.
An in-depth knowledge of finance, fund structures, products and instruments.