Posted

2 days ago

Description

Investment administration

  • Create and maintain bespoke waterfall model for new Funds.
  • Day‐to‐day bookkeeping of fund transactions.
  • General ledger and trial balance of the fund entities.
  • Periodic management accounts.
  • Calculations relating to NAV, drawdowns, distributions, advisory fees, GP management fees, IRR and carried interest.
  • Create and issue capital statements to investors.
  • Investor commitments schedule, including calculating equalisations and rebalances.
  • Preparation of books for statutory audits and accounts.
  • Coordination with accountants, lawyers and auditors.

Depositary accounting

  • Contribute toward building a depositary service to be provided by the firm.
  • Daily cash monitoring and reconciliations.
  • Preparation of asset confirmation.
  • Reconciliation and proofing of investment holdings.
  • Maintenance and monitoring or routine depositary information requests and queries.

Management of Bookkeeping Team

  • Train bookkeepers as they process through their accounting qualifications.
  • Review the day‐to‐day financial transactions of the company recorded in Xero.
  • Oversee and review the generation of sales invoices relating to both Fund Management and Promotion and issue them to the relevant parties.
  • Oversee and review the posting of sales and purchase invoices.
  • Oversee and review the receipt and payments of sales and purchase invoices.
  • Oversee and review the bank reconciliations.
  • Oversee and review payroll.
  • Ensure adequate records are being kept regarding invoicing, tax folder, accounts etc.
  • Facilitate and review the monthly recharging of expenses across the Kin Capital Group.

Corporate Accounting

  • Undertake the Internal capital adequacy assessment process (ICAAP) on a quarterly basis, including modelling scenarios, risk and feeding this into the capital requirements of the Firm.
  • Preparing and posting fund related fees based on the IM.
  • Post month end journals, including deferred income and any adjustments.
  • Post year end journals, including accruals, prepayments and depreciation of fixed assets.
  • Run monthly management accounts for review by Partners.
  • Produce and submit quarterly VAT returns, currently working with external accountants who produce this.
  • Liaise with external auditors and accountants to assist them with audits and the production of company accounts.

Process improvement

  • Develop and improve administrative processes to reduce risk and increase efficiency
  • Identify issues with existing processes and propose practical solutions
  • Implement robust controls to minimise errors

  • Qualified Accountant (ACCA/ACA/CIMA)
  • Undergraduate Degree
  • Experience in Financial Services, preferably venture capital.
  • Ability to lead and manage teams.

  • £45,000 - £55,000
  • Full benefits package (including bonus, private healthcare, gym membership and more)

My client is looking for a Depositary Accountant with previous experience working within Venture Capital. This role offers clear and exciting career prospects.