What’s the role?
To deliver the financial reporting requirements for a high profile, complex private equity client, which may include a range of fund structures.
What you’ll be doing
Preparation of annual financial statements for PE fund and related entities in major GAAP (IFRS, US GAAP, UK GAAP)
- Preparation of quarterly fund financial statements, investors capital account statements and other financial reports
- Review of journal entries prepared by fund accountants and maintenance of general ledgers
- Compile & review a full file of working papers/NAV Packs for all financial statements prepared
- Liaise with auditors in respect of the financial audit of client entities as required
- Ensure that financial statements prepared are completed and signed off within client, statutory or regulatory deadlines
- Attend client meetings in respect of accounting matters as required
- Identification of complex and significant accounting technical issues, if any
- Assist in resolution of any accounting issues with Managers and Directors
- Prepare drawdown, equalisation and distribution files
- Analyse and interpret transaction documentation
- Preparation and maintenance of fund fee computations (e.g. management fees, carried interest, etc.) in accordance with Limited Partnership Agreements and other source legal documentation
- Oversight and supervision of more junior accountants and trainees
- Ensure team adherence to internal company procedures including ISAE 3402 control environment
- Development/enhancement of team specific procedures
- Assist with the creation and maintenance of client specific accounting processes and procedures
- Liaise with external contacts to obtain and provide required information
- Assist with and contribute to ad hoc projects as required
The ideal background for this role:
- At least actively studying towards a recognised accounting qualification (ACCA, ACA or equivalent), fully qualified accountant is preferrable but not required
- At least 2 to 3 years accounting experience preferably in financial services industry but not required
- Experience in producing financial statements to UK GAAP, US GAAP or IFRS
- Experience of developing and coaching others on a one-to-one basis
- Competent user of Microsoft Excel
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.
Skills Required
- Actively studying towards a recognized accounting qualification (ACCA, ACA or equivalent)
- 2 to 3 years accounting experience preferably in financial services
- Experience in producing financial statements to UK GAAP, US GAAP or IFRS
- Experience of developing and coaching others
- Competent user of Microsoft Excel
Gen II Fund Services Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Gen II Fund Services and has not been reviewed or approved by Gen II Fund Services.
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Retirement Support — A 401(k) with a company match is available in the U.S., with vesting commonly mentioned around three years and the plan described as doing very well. These features position retirement savings as a strong element of the package.
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Flexible Benefits — A formal 3/2/1 hybrid model (three days WFH, two in office, and up to one month remote annually) is prominently offered. This flexibility is highlighted as a valuable benefit.
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Parental & Family Support — Parental leave was recently added or expanded, indicating momentum in family-support policies. This signals attention to life-stage needs alongside core coverage.
Gen II Fund Services Insights
What We Do
Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors. Since its inception in 2009, the company has become one of the largest independent private capital fund administrators, with more than $1 trillion of private fund capital under administration. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling GPs to manage their operational infrastructure, financial reporting, and investor communications most effectively. For more information, please visit gen2fund.com. Privacy Policy: www.gen2fund.com/privacy-policy
