Assistant Controller
Main Responsibilities:
- Financial Reporting:
- Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, in compliance with GAAP (Generally Accepted Accounting Principles) and relevant industry standards.
- Assist in the preparation of investor reports, including fund performance summaries, capital account statements, and other required financial information.
- Collaborate with the Controller to ensure accurate and timely submission of financial reports to investors, regulatory bodies, and other stakeholders.
- Conduct regular reviews and analysis of financial data to identify trends, variances, and areas for improvement.
- Fund Accounting:
- Assist in the maintenance of the general ledger, ensuring accurate recording of transactions, reconciliations, and supporting schedules.
- Monitor and review fund expenses, including management fees, carried interest, and capital calls and distributions.
- Coordinate with the investment team to ensure timely and accurate recording of portfolio investments, valuations, and performance metrics.
- Support the preparation of fund financial statements, investor capital calls, and distribution notices.
- Tax Matters:
- Possess a solid understanding of tax matters related to private equity, including partnership taxation, fund structures, and tax compliance requirements.
- Collaborate with the tax department or external tax advisors to ensure accurate and timely preparation and filing of tax returns for the private equity funds and related entities.
- Assist in analyzing the tax implications of fund structures, investment strategies, and exit strategies.
- Monitor changes in tax laws and regulations affecting the private equity industry and communicate updates to the Controller and relevant stakeholders.
- Provide support during tax audits or inquiries, working closely with the tax department and external auditors.
- Internal Controls and Compliance:
- Develop and implement internal control procedures to safeguard assets, detect and prevent fraud, and ensure compliance with regulatory requirements.
- Perform periodic internal audits to assess the effectiveness of internal controls and identify areas for improvement.
- Collaborate with the Compliance team to ensure adherence to applicable laws, regulations, and industry guidelines.
- Support external audits and regulatory examinations, providing requested documentation and explanations as needed.
- Operational Support:
- Assist in the implementation and maintenance of accounting systems, software, and processes to streamline operations and enhance efficiency.
- Collaborate with other departments, such as Investor Relations and Legal, to address accounting-related inquiries and provide financial insights as needed.
- Support the Controller in ad-hoc financial analysis, forecasting, and budgeting activities.
- Stay up-to-date with industry trends, accounting standards, and regulatory changes affecting the private equity sector.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field. CPA (Certified Public Accountant) designation preferred.
- Work from the office 5 days a week is required (although we are flexible and understanding in terms of personal matters).
- Minimum of 4-5 years of relevant accounting experience, preferably at Big 4 accounting firm and/or another private equity or hedge fund.
- Strong knowledge of GAAP and experience with financial reporting requirements.
- Proficiency in accounting software and systems, such as Excel or other similar tools.
- Excellent analytical skills and attention to detail, with the ability to identify and resolve complex accounting issues.
- Solid understanding of private equity fund structures, including carried interest, capital calls, and distributions.
- Strong organizational and time management skills, with the ability to prioritize and manage multiple tasks simultaneously.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
- Demonstrated integrity and ability to handle sensitive and confidential information appropriately.
- Knowledge of relevant regulatory frameworks, such as SEC regulations.
The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.
