Fund Accounting Manager

Who We Are:

Cloud Capital was founded in 2020 as the investment management affiliate of CloudHQ, a leading global data center development and operating platform. The firm was established to identify and capitalize on acquisitions of high-quality data centres across the globe. Cloud Capital acquires, manages, develops, and operates data centers to become the long-term owner and operator of choice for tenants globally.

Working in a flat team structure with an existing Fund Finance Manager, reporting to the Fund Controller, you will manage the relationship with external providers to maintain the books and records of our European fund entities, produce financial statements and assist with the quarterly reporting requirements to our investors, lenders and management.

Key Responsibilities:

Fund accounting and audit / regulatory compliance:

• Assist with the overseeing of the quarterly NAV and financial statement process, reviewing work prepared by our third-party administrators and SPV external accounting service providers.
• Supervising and coordinating the financial close and audit process.
• Maintain fund level shadow accounting.
• Prepare and maintain working papers and technical accounting papers.
• Report to Luxembourg Board of Managers, third party AIFM/Depository and assist with other regulatory filings as necessary.
• Calculate the fund’s quarterly carry waterfall calculations and administering distributions to investors.
• Cash & hedging management across the European fund structure, including day to day oversight of the bank accounts.

Controls & Process Improvement:

• Identify opportunities for operational efficiency and automation and support with the implementation of new systems, reporting tools and processes.
• Maintain robust internal controls and governance procedures including preparation (and appropriate updates to) the corresponding documentation.

Investor Reporting:

• Support the Fund Finance Manager to manage investor reporting and requests including capital calls, distributions and quarterly reporting.

Tax, Investment and Asset Management:

• Work with our European Tax Director and tax advisors to update and ensure compliance with tax advice & filing requirements
• Assist the investment team, lawyers, tax advisors and other service providers on fund and transaction structures.
• Assist the investment team and operating partners with the preparation of asset level business plans.

Requirements:

• Qualified Accountant (ACA; ACCA; CIMA etc or non-UK equivalent) with 2+ years' post qualified experience of Real Estate/ Infrastructure/Private Equity fund accounting experience within an investment management firm.
• Knowledge of IFRS, INREV NAV and Luxembourg based fund structures.
• Oversight and management of third-party fund administrators, accountants, tax advisors etc.
• Strong communication skills.
• Must be highly process-oriented and have experience with organizational control environments.
• Experience with Yardi a plus.