Financial Reporting Specialist
4 days ago
Job Summary
We are seeking a skilled Financial Reporting Specialist to join our team. The successful candidate will be responsible for analyzing fund performance, calculating fund IRRs, and carried interest.
About the Role
The responsibilities of this role include:
- Reviewing pre-NAV TBs provided by the portfolio administrator and monitoring the resolution of any issues identified
- Generating consolidated pre-NAV financial statements and company-only financial statements, including detailed expense analysis
- Generating consolidated post-NAV financial statements and company-only financial statements
- Reconciling all intercompany balances
- Preparing full consolidated financial statements and legal entity financial information for external publication
- Providing financial input and associated validation confirmation for quarterly RNS statements, working with Investor Relations and providing update information and addressing queries in an iterative manner through the reporting period
- Preparing four LP financial statements prior to external audit
- Preparing four LP partnership financial statements (unaudited) and four corporate financial statements (unaudited) prior to signature
- Responding to ad hoc queries in respect of financial performance and components of the financial information published in a timely manner
Treasury Management
The successful candidate will also be responsible for:
- Short-term cash forecasting, working with the Private Equity Fund Investments team, other fund controllers, and the portfolio administrator to identify future transactions, drawdowns, or distributions
- Oversight of the cash resources of the Trust entities, their location and currency, and ensuring appropriate financing in place for all payments
- Working in collaboration with portfolio administrators to facilitate review and approval of capital calls and vendor payments
Financing
The successful candidate will also be responsible for:
- Preparing the covenant certificate and supporting documentation on a quarterly basis
Depositary
The successful candidate will also be responsible for:
- Providing documentation in respect of executed fund commitments and direct investments in a timely manner
Third-Party Provider Oversight
The successful candidate will also be responsible for:
- Attending quarterly portfolio administrator oversight meetings with the Fund Accountant and other members of the Trust team
- Oversseeing the execution of the audit, ensuring timely responses to queries from the portfolio administrator and other key functional responsibilities, including the Private Equity Fund Investments team where appropriate
- Oversseeing the portfolio administrator to ensure payment controls operate effectively
- Managing UK and US tax service providers
- Supporting the Fund Accountant with review and approval of new transaction input into the portfolio administrator system
Board Deliverables
The successful candidate will also be responsible for:
- Preparing reports on the performance of the Trust on a quarterly basis with the Fund Accountant
- Preparing a recommendation in respect of Directors' Fees to be considered by the Board on an annual basis
- Supporting the preparation of the Annual budget
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