Fund Accounting Manager - Real Estate London, England
Intermediate Capital Group
Full Time
London, England
37275 - 49600 GBP ANNUAL Today
Job description
Job Title: Fund Accounting Manager
Location: London, St Pauls
Department: Fund Finance & Operations
Reporting to: Fund Accounting Manager
ICG Summary:
ICG (Intermediate Capital Group) is a FTSE-listed, FCA-regulated alternative asset manager creating sustainable value by partnering with ambitious businesses. We have over 30 years' history and today we manage $68.5bn of assets and invest across the capital structure. The firm employs 575 people in 15 countries around the world and is well positioned for growth and benefits from the long-term trend of increased demand for alternative investments.
To make the most of your career at ICG, you will be inquisitive, self-motivated, engaged, collaborative and agile. ICG is a place where we are all dedicated to achieving common goals.
Our teams describe ICG as ambitious, collaborative, empowered, entrepreneurial, professional and acting with integrity. We translated these attributes into a core set of values and, together with our purpose, this represents who we are today and whom we aspire to be tomorrow.
For three decades we have been constantly striving for excellence in all aspects of our business. Whether that is through the people who join us, how we support and develop them throughout their career, and the culture we create and live in. It is also evident in the role we play in society through the investments we make, our charity work and what we stand for.
We relentlessly pursue our ambition to provide an inclusive and diverse environment where everyone has plenty of opportunities to contribute, succeed and be themselves.
Position Summary:
The Fund Finance and Operations (“FFO”) team consist of 44 employees, based out of the New York, Tokyo, Warsaw and our head office in London.
Reporting to the Real Estate Fund Controller, this position is responsible for the financial control and managing the financial reporting process for a designated set of Funds. The role involves the co-ordination and interaction with deal operations and investment teams, marketing and client relations, tax, fund structuring, and group finance, multiple stakeholders both internally and externally to ICG, such as fund administrators, auditors, Boards of Directors and investors.
Primary Responsibilities:
The responsibilities of the role include, but are not limited to:
- Oversee the quarterly financial, investor, and regulatory reporting
- Oversee the annual financial statement production across funds and to manage the audit process
- Manage the Administrators to ensure financial reporting is accurate and timely and reflects all relevant insight from the wider team
- Collaborate with Deal Operations, Tax and external advisors to manage the funds flow and investor notices for investments and divestments
- Manage Fund cash and liquidity, including bridge facilities, treasury positions and counterparty exposure
- Monitor the compliance of the Fund LPA and side letter agreements
- Respond to and develop processes/procedures around external investor queries and internal investor relations demands
- Review and preparation of all investor financial and ad hoc reporting, Fund analysis and dealing with regulatory reporting (AIFMD, Solvency II and other regulations)
- Formally document technical matters and supporting judgements in relation to the complex accounting, including broader fund matters which impact the Fund’s financial records
- Manage fund cash & treasury positions, including assisting in developing and monitoring counterparty exposure
- Manage the complexity of the fund structures and governing documents such that the operations reflect the intended tax planning
- Perform ongoing and ad hoc analysis of Fund performance, calculation of Fund IRR’s, Carried Interest and other Fund performance measures
- Update Fund performance metrics on a quarterly basis to ensure investor reporting is accurate and current.
- Review investor reporting outputs to ensure consistency with Fund financials and the latest investment commentary.
- Liaising with investor relations for Fund/Investor performance requests and track record updates.
- Ensure there is adequate process documentation and control for your areas of responsibility
- Support the implementation of new in-house systems and procedures
- SPV oversight, including managing the flow of information between local service providers, Administrators and ICG
Key Requirements/ Qualifications:
You will have demonstrable experience of:
- BSc/Ba - Preferably with ACA, CIMA, ACCA
- Experience in European market
- Extensive experience in either Fund Administration, Private Equity & Venture Capital, Asset Management, Performance Analysis, Accounting
- Very strong team player who is happy to work in a collegiate and consultative manner.
- Strong knowledge of fund financials and reporting issues.
- Conscientious with excellent attention to detail.
- Advanced Excel skills, including financial modelling, and strong PowerPoint.
ICG will provide equal employment opportunity to all employees and applicants for employment. No employee will be discriminated against in hiring or employment because of race, colour, sex, age, disability, religion, national origin, marital status, sexual orientation, gender identity and/or expression, ancestry, military status, genetic information, or any other basis protected by applicable federal, state or local law.
