Client Accountant - Funds

ABOUT IQ-EQ
We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. 
We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion. We work with 13 of the world’s top 15 private equity firms.
Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.
Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 
We’re driven by our Group purpose, to power people and possibilities.

JOB DESCRIPTION: CLIENT ACCOUNTANT - FUNDS

Role: Client Accountant

Reporting to: Client Accounting Manager

Every day brings a new challenge so you’ll need to be a team player at heart, with an eye for detail and great organisational skills so you can prioritise your day to ensure deadlines are met and timelines are adhered to. Your primary responsibility will be to act as a day-to-day front office contact for your designated private equity, real estate, credit, or debt fund clients. You will be a part of a supportive team, own your tasks and proactively manage your deliverables and resolve any issues that may arise.

Responsibilities (how we will measure success)

· Day to day responsibility for the management of designated Private Equity or Real Estate Clients

· Review quarterly and annual financial statements and reports

· Work closely with your line Manager and Technical & Training Team to ensure financial statements meet the Funds’ reporting requirements, eg UK GAAP or IFRS

· Review investor drawdown calculations to ensure accuracy of figures as Funds seek access to their commitments from investors

· Review investor distribution calculations to ensure the flow of funds from the sale of an investment are accurately recorded so that proceeds are appropriately allocated and paid to investors

· Ensure the accurate communication of all cash movements between the Fund and its Investors through the issuance of relevant notices to investors

· Oversee the preparation and completion process of Client deliverables including agreeing timetables with Clients, and thereafter monitoring progress against these to ensure deliverables are on track

· Conduct regular Client calls with CFO or Financial controller to ensure open and effective communication at all times.

Tasks (what does the role do on a day-to-day basis)

· Responsible for mentoring and supporting other staff as an expert on designated clients and funds

· Gain a good understanding of the accounting framework for each designated client (as prescribed in the Fund’s legal documentation, the LPA) and ensure the movement of funds and transactions are treated in accordance with this framework

· Contribute ideas to improve processes to either gain efficiencies or reduce risk.

Key competencies for position and level (see Group Competency model)

· Balances Stakeholders

· Courage

· Decision Quality

· Drives Results

· Optimise Work Processes

Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

· Relationship building

· Team working

· Taking ownership

· Prioritisation

· Resilience

· Positivity

Required Experience

· Higher level education, IATI qualification or equivalent

· ACCA/ ACA/CIMA qualified, Qualified by Experience or equivalent

· 3+ years’ experience working in a professional office environment. Ideally working in financial services or accounting practice working on multiple client relationships

· Ideally has experience reviewing working paper files and Financial Statements, including disclosures or alternatively can demonstrate strong accounting background through previous experience and CPD

· Management of client relationships and experience with resolving issues directly with clients

· Experience in supporting and mentoring less experienced team members

· Intermediate Excel skills.

OUR COMMITMENT TO YOU AND THE ENVIRONMENT

As a forward-looking business, sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining meaningful, long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,500+ employees - from 94 nationalities, speaking 41 languages across 25 countries - to each achieve their potential. Through IQ-EQ Launchpad we support female managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We’re committed to growing long-term relationships with our clients and supporting them in achieving their objectives. We understand that our clients' sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.