Fund Accounting Associate

About Softbank:

SoftBank Vision Fund (“SVF”) is one of the world’s largest technology-focused investment funds, launched in 2017 by SoftBank Group to back high-growth companies shaping the next wave of the information revolution. With over $100billion in capital across Vision Fund 1, Vision Fund 2 and Latam, SVF invests globally in AI, internet platforms, enterprise software, biotech, and emerging technologies. Renowned for its large, strategic equity positions and its ability to help portfolio companies scale internationally, the fund has evolved from rapid early expansion and subsequent market-driven volatility to a more selective, disciplined investment approach while continuing to play a major role in global technology investing.

Job Description:

To support this mission, we are seeking an enthusiastic and experienced Associate to join the Fund Finance team. The position represents a unique opportunity to provide expertise within a dynamic, entrepreneurial investment environment, working closely with a visionary senior management team on key issues, special projects, and initiatives supporting global growth.

The position involves a wide range of responsibilities from oversight of the fund and co-investment accounting (prepared externally) to involvement in internal projects and on-going support across the organisation. This is an exceptional opportunity to develop your finance and technical accounting credentials in a fast-paced and high-growth environment.

Responsibilities:

• Liaising regularly with fund administration providers on:
  
  
  
  • Monthly NAV calculations
  
  
  • Review of corporate level activity
  
  
  • Financial reporting and financial statement preparation
  
  
  • Management fee calculations and other model reviews
  
  
  
  


• Reviewing investment agreements and assess accounting treatment under IFRS at both an Investment Entity level and Parent consolidation level


• Preparing technical accounting memorandums for significant and/or complex transactions;


• Reviewing complex, multi-layered waterfall calculation within the co-investment structure;


• Working with the Treasury team to support capital calls, distributions, and liquidity management;


• Liaising with external auditors during the quarterly reviews and the annual audits;


• Managing the periodic Limited Partner (“LP”) reporting requirements;


• Assisting management in assessing financial and operational implications of strategic transactions;


• Supporting Fund Board process, including preparation of materials for board packs


• Monitoring evolving accounting standards, regulatory guidance and industry best practice to ensure continued compliance


• Provide pro-active thought leadership to senior management by developing innovative accounting improvements and solutions

Qualifications and Skills:

• ACA (or equivalent) qualified accountant ; Big 4 experience strongly preferred.


• Prior experience in Fund Accounting or PE/VC audit is highly desirable


• Strong technical accounting skills and experience, in particular IFRS


• Experience with co-invest and carried interest fund structures


• Highly numerate, methodical in prioritising work and multi-tasking


• Exceptional attention to detail and ability to execute a wide range of responsibilities


• Excellent verbal and written communication skills


• Demonstrated ability to build strong cross-functional relationships


• Resourceful, solution-orientated mindset with willingness to take on additional strategic projects


• Strong Excel and PowerPoint skills. Excel modelling desirable