Fund Controller London, England
Lloyds Banking Group
Full Time
London, England
41848 - 57623 GBP ANNUAL Today
Job description
End Date
Sunday 16 April 2023
Salary Range
£0 - £0Agile Working Options
Job Description Summary
As the private equity arm of Lloyds Banking Group, LDC supports management teams across the UK to fulfil their growth ambitions and build great businesses. Since 1981, LDC has invested over £5.5bn in more than 650 SME and mid-market businesses. Last year LDC invested £384m into 16 new companies, supported 44 acquisitions across the portfolio and extended our partnership with the Prince’s Trust to become the leading corporate supporter of young entrepreneurs. More details can be found at www.ldc.co.uk.Reporting to the Head of Funds, the Fund Accountant role is responsible for fund accounting and administration for several UK based PE Funds
The role would suit an experienced Fund Finance individual with significant exposure to Private Equity. As part of a hard working team, the role will provide oversight and supervision of day to day operations of the Funds.
Job Description
Responsibilities:
- Preparation of Fund Finance submission for monthly and quarterly reporting pack
- Working closely with the Portfolio team to verify and review quarterly investment valuation packs
- Lead point for external audit queries for the annual statutory Fund financial statements
- Reviewing the statutory financial statements in accordance with IFRS or UK GAAP
- Prepare Fund performance schedules and metrics the LDC Executive Committee meetings
- Reviewing and verifying Fund investment acquisitions and exits legal documents and Funds flow models
- Liaising with several CFO’s or FD’s of underlying portfolio companies to ensure alignment of interest income models on a periodic basis and quarterly investment confirmation process
- Play a key role in the quarterly Gross IRR projections process, including reviewing/maintaining models and providing sensitivity or scenario analysis
- Compile and analyse financial information underlying the financial statements.
- Monitor and maintain Fund Carried interest models
- Manage and supervise junior team members of the team
- Ad hoc Analysis and projects
Skills and attributes relevant to the role:
- You will be a motivated qualified accountant trained in Private Equity or Private Funds audit keen to leverage your experience in dynamic and high transactions fund finance role.
- Prior exposure and experience with alternative investment strategies i.e. Private Equity, Debt and Real estate
- At least 4 -5 years PQE (ACA/ACCA)
- Moderate Excel competence
We are an equal opportunity employer and deeply value diversity within our organisation.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
