SENIOR MIDDLE OFFICE ACCOUNTANT - DIRECT LENDING

Job title : SENIOR MIDDLE OFFICE ACCOUNTANT - DIRECT LENDING
Location : London
Job-type : Permanent
Contact : Dylan Rosser
Call : Dylan
Email : email Dylan
Reference : J9237
THE SEARCH

Altus Partners has been retained with a leading Credit Investment Manager that is going through an exponential growth phase and is looking to bring on a Senior Fund Accountant to have oversight of the finance and investment operations function in London. The team is pivotal to the smooth running of the direct lending business. The finance and middle office team is responsible for the preparation of monthly valuation packages and performance reporting, as well as annual financial statements. The department also acts as liaison to the fund auditors, deals teams, preparing reconciliations, and responding to information and investor requests.

 

THE ROLE: 

The Middle Office Accountant is responsible for reviewing and analysing fund finance processes, analysing fund performance, acting as a liaison with back-office vendors, custodians, and administrators, reviewing monthly and quarter end financials, assisting with year-end audits, and ad hoc projects as assigned. The middle office accountant will work closely with the deal’s teams in oversight of the current assets and hold relationships with senior management throughout the business.

  • Assist with fund performance evaluation

  • Prepare valuations, statement of cash flows, and IRR returns

  • Review and analyse the fund accounting processes completed by administrators for accuracy, providing direction and feedback where necessary

  • Monitor and review all fund related expenses and accruals

  • Monitoring and reporting fund leverage facilities

  • Provide direction for proper posting of investment related activities

  • Review invoices and wire payments and prepare for necessary approvals

  • Review management fee and incentive carry calculations

  • Assist in setting up new funds and separately managed accounts

  • Provide funding support for new funds, including capital calls and distributions

  • Review and approve quarterly financial statements and valuations

  • Responsibility for booking and monitoring F/X hedges

  • Responsibility of all aspects of loan funding and settlement activities

  • Keeping track of all expenditures and prepare payment schedules for internal authorisation

  • Oversee audit and tax engagements along with fund administrators

  • Serve as a liaison between the back-office, front office, custodian, and portfolio teams

  • Researches and responds to client requests and inquiries

  • Participate in ad hoc and team projects as assigned

           

THE REQUIREMENTS:

  • Qualified accountant – ACA / ACCA / CPA / CIMA or equivalent

  • 2 - 5 years’ experience in Private Markets fund accounting

  • Strong understanding of Private Equity or Private Credit Fund Structures

  • Strong MS Office skills and ability to quickly learn various software applications 

  • Detail-oriented with the ability to synthesize multiple sources of information

  • Strong analysis and decision-making skills

  • Strong interpersonal, verbal, and written communication skills

  • Ability to manage multiple assignments and work well under pressure

  • Ability to work cooperatively and collaboratively with all levels of employees and management