FUND ACCOUNTING FINANCIAL REPORTING

Description

Prepare and assist in the preparation and initial review of the financial statements of entities administered by the Private Equity department in a timely, efficient and accurate manner adhering to the highest standards. More senior levels may also be expected to supervise and train junior staff. Qualifications

ACCA / ACA / CPA / CIMA / Other equivalent Knowledge / Skills

Knowledge of regulatory issues, book-keeping Technical accounting knowledge (US / UK GAAP and IFRS) Ideally, knowledge of Guernsey Company Law Skills

Intermediate Excel skills (including Excel - Macro skills) Time Management & Organisational Working to Deadlines Accurate with attention to details Effective Communication skills (Verbal & Written) Major Duties

Timetables : - Prepare and circulate accounts and tax timetables Support in planning activity of team Liaising with fund administrators Preparation and review of management fee calculations Advise on potential accounting issues & best practises Client Reporting : - Critical background knowledge of entities worked on Effective communication with client, investors and other associated parties (based worldwide) Dealing with investor queries in an efficient and timely manner Issuing tax forms to investors prepared by client tax advisers Able to prepare and issue ad-hoc reports to client Proforma Accounts : - Design proforma accounts, ensuring they are in accordance with appropriate regulations / standards Agree proforma with clients / auditors Maintain capital accounts for limited partnerships Preparation of Accounts : - Liaising with other departments. Maintenance of client relationships Liaising re closing down of accounting periods Checking & maintaining ledger integrity Preparing standard accounts file Completion of appropriate checklists Liaising with auditors Preparing accounts for manager review / clearing points Sending accounts for inclusion in board packs Provision of information for US and UK tax returns Bookkeeping / Cash Management : - Good understanding of bookkeeping including more complex transactions Understands cash management procedures for specific entities Able to check bank account reconciliations on a monthly basis Able to check cash reports on a monthly basis Calls / Distributions : - Understands the call / distribution process Able to calculate the call / distribution amounts for recommendation by client Liaises with client and investors regarding receipt / payment of monies Liaises with financial institutions receiving or making payment of funds Reviews and maintains records Company Secretarial Knowledge : - Understands Company Secretarial Procedures Understands how to prepare and review Company Minutes Understands how to prepare and review Company Agenda Transfer of Shares or Limited Partnership Interests : - Understands the process applicable to the entity Understands anti-money laundering regulations and how to maintain records Compliance and Regulation : - Has an understanding of the main Guernsey legislation as it effects entities under administration i.e. Guernsey Company Law, POI and FNCC legislation. Experience

Experience in preparing accounts Experience in Funds / Private Equity Previous supervisory experience

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