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Manager, Private Equity Accounting

Job type Permanent
Job Function Transaction processing
Level of experience 1 to 2 years
Study level Secondary Education
Apply REF: 19-101

Main Job Purpose:

To be jointly responsible for the set-up / on-boarding and subsequent on-going accounting of private equity funds, ensuring that they are fully compliant with relevant legal and regulatory requirements, fund documentation and applicable accounting standards.

To be a Private Equity specialist for the Fund Services business and be jointly responsible for the fund valuation, investor reporting and accounting services provided to the client.

To ensure that the provision of accounting services are aligned with the client SLA’s, all  internal and external deadlines are considered and met and all operational policies, procedures and checklists are followed.

Reporting to the Associate Director, Private Equity Accounting Services.

Key Responsibilities:


  • To assist with drafting and reviewing of Service Level Agreements incorporating measurable and meaningful KPI’s

  • To assist the on-boarding deal team with set-up and take-on process of any new private equity business

  • To assist in preparation and agreeing accounting reporting templates with client

  • To assist with the review of fund documentation and Business Acceptance Committee documentation pertaining to the launch of new funds and provide comments as necessary

  • To ensure the implementation of appropriate procedures in respect of any new business


  • To oversee and be actively involved in the day-to-day servicing of private equity fund clients and to ensure the fund is operating in line with the Service Level Agreement

  • To supervise and control the accurate, efficient and timely delivery of all valuations, capital accounts, quarterly statements, annual financial statements and any other reports together with supporting schedules and/or working paper in line with the fund documentation and accounting standards

  • To oversee the reconciliation process for cash, stock, shares/units in issued and ensure that all breaks identified are cleared on a timely basis and in accordance with agreed KPI

  • Significant involvement with external parties related to the fund including but not limited to Fund Manager, External Auditors, Transfer Agents, Tax Advisers, Custodian, Depositary, Board of Directors and other external service providers

  • To prepare / review of performance fee, Internal Rate of Return and equalisation calculations as required by the fund documentation or the financial reporting procedures of the fund

  • To prepare / review drawdown, equalisation and distribution calculation in accordance with the fund documentation

  • Be involved in the collection/payment of income/fees/expenses on a timely basis

  • Where appropriate, assist in the completion of all relevant regulatory and tax information provision

  • To liaise with internal and external auditors and manage the year end/interim audit process via a monitored timetable and audit requirement list

  • To be a key person for all client contact and manage and ensure timely solutions are provided to all client queries

  • To assist in the continuous review of existing business processes, procedures and checklists to maximise efficiency, productivity and ensure they meet regulatory and compliance requirements

  • To assist with training, supervision and management of direct report(s) as well as other junior members of the team as the private equity business expands

  • To assist, as required, the Head of Department with any development of in-house fund accounting and private equity system to meet future business and market requirements

  • To execute group project opportunities relating to the implementation of new product accounting and operational procedures


Essential Requirements:

  • Excellent working knowledge of fund accounting practices and standards, particularly IFRS, UK GAAP and US GAAP

  • Excellent delegation and time management skills with the ability to prioritise a high volume of time sensitive tasks quickly and appropriately

  • Ability to review and manage a high volume of documentation quickly and to check all relevant details

  • Sound analytical skills

  • Strong problem solving skills with an excellent awareness of commercial and risk management based client solutions

  • Excellent working knowledge of fund structures and fund cash flows

  • Excellent working understanding of various types of PE transactions

  • Attention to details

  • Experience within the finance industry and specifically experience in private equity fund accounting preparation

  • Experience in people management
  • A recognised accountancy qualification (e.g. ACCA/ACA).
Primary Location: JerseyJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Secondary EducationExperience Level: At least 2 years Reference: 19-101