Technical Accountant, Funds

Company Description

IQ-EQ is a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients operating worldwide.

Job Description

Responsibilities (how we will measure success) 

The technical accounting team is an independent team of experts within IQ-EQ providing technical and regulatory assistance / advice to global client services (CS) teams, sales and implementation teams, and global clients. The core part of technical team work is focused on 3 key areas: 1) Technical Advisory (technical accounting and PE/RE industry / regulatory related queries, technical support to sales and implementation team for new clients etc), 2) Technical Reviews (technical / quality reviews of financials, key accounting policies and other complex deliverables), and 3) Technical Updates (monitoring latest accounting, industry and regulatory updates; issuing technical alerts for internal teams and clients; delivering technical presentations and other specific training modules for accounting teams). To facilitate the delivery of the 3 key areas effectively to the stakeholders, a technical team member will be at the forefront of the private equity and real estate fund industry developments, including but not limited to financial reporting. 

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

Advisory and support 

• Resolve technical accounting queries raised by CS teams and clients in a timely manner; queries take many forms such as bookkeeping, problem solving for partnership accounting, financial statement disclosures under various GAAPs (UK, IFRS, US, Lux and others) 

• Review key operational clauses of legal / fund constitution documents (e.g. LPA) for closed-ended fund clients and assess their administrative feasibility and assist CS teams with interpretation

• Effectively communicate and present technical accounting information to CS teams and provide the company’s view on technical accounting issues to senior client staff and auditors 

• Support the CS team members in suggesting practical approaches to resolve accounting and financial / investor reporting issues

• Provide quality reviews for CS teams to assure quality of deliverables across the clients, including carried interest/waterfall models, financial statements & disclosures, and other complex deliverables like fees calculations, equalisations 

• Research and interpret accounting standards / literature including the use of internal and external resources

Technical resources 

• Maintain in-house library of technical journals, articles and documentation relating to accounting issues

• Develop awareness of relevant changes to industry practices affecting PE and property fund operations (accounting, regulatory) 

Learning and development 

• Assist in the development and delivery of technical training presentations and other workshops or learning sessions

• Identify areas in which the CS teams require additional support, either for specific clients or on a broader basis, and suggest appropriate remedial action (controls, tools)

Qualifications

Required Experience -

Education / professional qualifications -

• Qualified Accountant 2+ years post-qual

Background experience -

• Experience working directly with different accounting standards e.g. IFRS/UK GAAP 
• Experience in preparation and review of financial reporting
• Audit and/or finance industry exposure (preferable) 
• Closed-ended funds or Open-ended funds / hedge funds knowledge (desirable but not mandatory) 

Computing skills -

• Intermediates excel skills 
• Experience with finance computations

Experience with finance computations -

• Comfortable communicating with senior management 

Additional Information

At IQ-EQ we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations. With a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.