Fund Accountant

What’s the role?

This is a unique opportunity to join a dynamic and fast-growing private equity and open-ended fund administration service provider in our Southampton office. The role sits within the Client Services Department, reporting to the Manager/Supervisor. The main activities of the department are fund accounting, financial reporting, net asset value calculation, capital calls, distributions, and investor reporting.

What you’ll be doing

• Perform daily cash reconciliations, ensuring transactions are settled in a timely manner


• Book daily transactions in the internal accounting system within agreed portfolio timescales


• Monitor and manage outstanding / overdue payments


• Ensure all supporting documentation is received and filed as per internal procedures


• Prepare, book and send capital calls and distributions to investors (including the preparation of legal documentation)


• Collect, process and control capital calls and distributions received from target investments


• Collect, analyze and reconcile target capital account information


• Prepare payments by verifying documentation and requesting disbursements


• Liaise with external providers to provide documents supporting the preparation of tax returns (CIT, MBT, NTW and VAT)


• Provide any information requested by internal teams or clients promptly and smoothly


• Other day-to-day administrative tasks as required


• Assist senior team members in annual, semi-annual and quarterly closing activities, preparation of the NAV in accordance with waterfall models, including reconciliation of balance sheet and profit & loss accounts


• Prepare annual accounts for basic funds including relevant required disclosures and ensure that all local regulatory and accounting standards are met. Preparation of any required adjustments between Luxembourg GAAP and IFRS or US GAAP


• Assist with year-end audits including preparation of relevant files and issue resolution


• Preparation of the consolidation package for internal group reporting


• Ensure GEN II Luxembourg Services SARL. best practices and key policies are applied, and any significant issues are brought to the mangers attention

The ideal background for this role:

• Studying a recognised accounting qualification (ACCA or ACA part qualified)


• Direct experience of producing Net Asset Value calculation, financial statements and/or management accounts


• Experience in producing financial statements and/or management to IFRS, UK GAAP or other appropriate standards for a range of entities


• Fund accounting experience in open-ended environment and experience of dealing with audit requirements would be preferred


• Knowledge in listed asset classes (equities, fixed income, derivatives, OTC, Fund of Funds) would be seen as a real asset


• Knowledge of Luxembourg corporate laws and structures, any specific PERE sector knowledge (e.g. SOPARFI, SICAR, SIF, RAIF, SLP) is considered an asset


• Excellent interpersonal and communication skills, including contributing to and being part of a strong team spirit


• Result-orientated with a sense of responsibility and commitment to delivering quality work


• Ability to work autonomously, taking full ownership of assigned responsibilities


• Excellent organizational skills complemented by a “can do” attitude


• Fluent in English (verbal and written communication), any other language is considered an asset


• Competency in Microsoft Word, Excel and Outlook, any knowledge of eFront would be an advantage

Role Location/Hybrid Schedule

This role is based in our Southampton office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working. The different ways in which Agile Working can be undertaken is dependent on the demands and needs of the business, the office space available and the individual’s preferences and circumstances.