Fund Controller

  • Location
    City of London, London
  • Posted
  • Start Date
  • Expiry Date

Job Overview

This position will support the first US based private debt fund which is due to close in the coming months. The position offers the opportunity to develop robust knowledge of the debt fund business by allowing the successful candidate to work with extended levels of autonomy while at the same being a pivotal contact person exposed to deal origination, asset managers, tax, legal and capital markets teams, many of whom are based in the US (East coast). It is both an interesting and varied role requiring the ability to work with different groups of stakeholders and to roll up one sleeves to get things done. There are ambitious plans to add additional private debt funds in the US and Europe in the coming years so we anticipate that this team will grow in size accordingly.

Key Responsibilities

  • Running and maintaining fund and deal models to produce periodic returns and performance indicators. Proactively liaise with the asset management team to align returns and actively contribute into drawing quarterly/yearly investor reporting
  • Develop and run complex models involving specific and advanced arrangements and side funds on a periodic (complex funds) and ad hoc basis to meet information requests on sensitivity test and simulated returns from investors or the deal origination team
  • Present the fund’s periodic performance to external directors
  • Actively participate in meetings with asset managers, capital markets and deal origination team and interpret updates into financial information
  • Act as the main contact person for all fund matters and to monitor the fund and its entities’ deadlines and milestones in connection to a strong understanding of the business cycles
  • Develop and run lender covenant calculation spreadsheets, produce certificates and submit and present them for directors approval
  • Running the financial statements model (including EIR, NPV, amortization, accruals, revaluation, etc.) and produce key cash, hedge and FX reconciliation necessary for NAV preparation by the external servicers
  • Review and seek feedback on the master fund and its entities’ accounts (audited and unaudited) and provide structured feedback
  • Maintain internal carried interest and use external providers calculation tools
  • Prepare and provide documentation on specific accounting technical issues and discuss them with auditors
  • Perform complex carried interest computation with parallel funds, multiple closings and specific investor arrangements
  • Develop and maintain complex waterfalls with investment vehicles in multiple jurisdictions
  • Ensure effective oversight of audits and active participation in regular audit status calls and annual meetings
  • Proactively perform short and long term liquidity forecast by closely working with Origination team and the deal asset managers and proactively anticipate liquidity needs
  • Lead capital calls, distributions, drawdown on subscription line, external debt facilities to meet liquidity needs while keeping liquidity levels within reasonable range
  • Planning and sending payments and wires and plan the payment of external providers while considering priority and liquidity levels
  • Plan, execute and monitor hedges (FX, interest, etc.)
  • Monitor and oversight of the day to day operations of the fund and its entities, maintaining organized trackers with a good understanding of the legal terms of intragroup funding

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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