13 Oct
Capital Dynamics
London
Role: Fund Accountant (Private Equity)
Rank: Senior Associate
Location: London
Contract Type: Permanent (Full-time)
Hybrid: Office – up to 3 days per week
About Capital Dynamics:
Capital Dynamics is an independent global asset management firm focusing on private assets, including Private equity (primaries, secondaries and co-investments) and Clean Energy.
Established in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors.
Capital Dynamics oversees more than USD 14 billion in assets under management and advisement and employs approximately 150 professionals globally across 13 offices in Europe,
North America, and Asia.
Capital Dynamics is a recognized industry leader in responsible investment, receiving top marks (Five Stars) from PRI across all categories and investment strategies, as well as achieving strong results in GRESB benchmarking for its clean energy strategy.
Role Purpose:
Capital Dynamics is seeking a Fund Accountant to join our Finance team in the London office.
This role involves working closely with several departments across Capital Dynamics across a range of activities including - carried interest calculation, fund accounting, fund valuations, audit management, and reporting.
Key Tasks and Responsibilities:
- Preparation of quarterly portfolio company valuations and their presentation to the firm’s valuation committee.
- Prepare quarterly fund reports and accounts for investors, and financial statements of intermediate holding entities liaising with the third-party fund administrator.
- Liaise closely and effectively with the third-party fund administrator on the preparation of audited annual accounts, co-ordinate the audit process, and manage and discharge audit queries.
- Review and finalization of quarter-end and year-end reporting – NAV packs, capital account statements, fund reporting schedules, etc.
- Support fund standardization of key processes (tax, governance, third-party service providers, financial, reporting, etc.).
- Assist in preparing interim accounting reports, year-end reports, and accounts for audit.
- Work with Colmore re. use of the funds’ liquidity facility, including drawdowns and repayments, optimizing fund IRR having regard to facility headroom and utilization.
- Ensure fund budget and expenses are in line with the limited partnership agreement (LPA) and other fund documents.
- Assist in various ad-hoc projects to improve fund oversight models, processes, and controls.
Key Competencies:
- Solid knowledge of accounting standards including - IFRS, US GAAP, and UK GAAP. Swiss GAAP is beneficial.
- Understanding of closed-end funds gained in private equity - fund management, fund accounting, fund administration, or fund audit.
- Carried interest calculations experience is essential.
- Understanding of the legal and regulatory compliance framework for the asset management industry (e.g. AIFMD, FATCA).
- Experience preparing or reviewing regulatory returns and working in a financial controlling function would be advantageous.
- Ability to understand financial risk and use it to influence decisions and critically appraise processes.
- Highly analytical with strong problem-solving skills and the ability to balance multiple deadlines.
- Develop strong collaborative relationships with business leaders and colleagues across the business.
- Ability to analyze and organize large amounts of data efficiently.
- Excellent attention to detail, with a dedication to accuracy, quality, and integrity.
- The ability to simplify complex issues for non-finance people.
- A team player, with a strong client service mentality, as well as a willingness to participate and help others. Strong business collaborating pedigree.
Education and Qualifications:
- Educated to Bachelor’s degree level or equivalent.
- Qualified Accountant - ACA/ACCA/CIMA or equivalent.
- A minimum of 6 to 8 years experience, with at least the last 3 working in a private equity firm or similar financial services organization – i.e. Venture Capital, Asset Management.
- Experience of carried interest calculations.
- Working knowledge of IFRS accounting standards.
- Good knowledge of Microsoft Office including Word, Excel, and Outlook.
- Excellent skills in - Excel, Power BI, Data Analysis and visualization, and automation.
- Experience with SAGE and NetSuite will be highly advantageous, but not essential.
Languages:
- Must be fluent in English and display superior verbal/written communication skills; and
- Proficiency in another European language; preferably, German or Italian is highly desirable.
Diversity & Inclusion:
Capital Dynamics is an Equal Opportunity Employer and is committed to creating a globally diverse workforce. We are a global company with 24 nationalities represented across our staff in 13 offices, spanning North America, Europe, the Middle East, and Asia. We believe diversity and inclusion (“D&I;”) are key to being better at what we do, and our initiatives are designed to attract, develop, and advance talented individuals, regardless of race, sexual orientation, religion, age, gender, disability status or any other dimension of diversity. We welcome and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply to join Capital Dynamics.