Fund Accountant at Investec Asset Management

Job Overview

• The Fund Accounting team are looking to appoint an appropriately qualified finance professional into its exciting and growing Private Markets business. You will play a leading role in overseeing the fund accounting and assisting with the reporting function for our Private Equity, Private Debt and Infrastructure fund ranges
• You will work closely with the investment, legal, transaction management & product development teams internally, and fund accountants, administrators & loan counterparties and agents externally

Key Responsibilities

• Responsible for the operational oversight of the outsourced fund accounting & administration function for private equity funds and related entities, credit funds as well as infrastructure project finance funds.
• Liaise with counterparties and facility agents on the calculation, allocation invoicing and receipt of interest and capital payments on debt instruments.
• Expenses management and ensuring efficient aurhorisation, allocation and payment of invoices due to suppliers and service providers
• Working in conjunction with various teams to ensure smooth disbursement of funds to projects in accordance with Utilization Requests
• Acting as a key operational contact point for private market fund audits
• Managing liquidity levels in funds with reference to receipts of monies, fund disbursements due as well as fund expenses
• Calculation of and oversight over management and performance fees.
• Provide input in the quarterly investor reporting process for private equity and infrastructure funds
• Manage relationships with funds’ lenders including utilisation requests, lender reporting and compliance with facility agreement requirements.
• Manage relationships with and monitor services levels of outsourced service providers across multiple geographies.
   

Person specification
Technical Knowledge and Experience:

• Relevant BCom Honours qualification
• 2-3 years experience in accounting or finance-related role in financial services industry. Previous asset management, private equity or fund administration experience a distinct advantage
• Knowledge of financial instruments and the various trade cycles, in particular complex credit and private equity instruments
• Good understanding of the valuation of securities and the impact on portfolio valuation
   

System Skills:

• MS Office proficient
• Accounting Software experience an advantage
   

Personal Attributes:

• Excellent communication skills
• High attention to detail
• Ability to simplify complex problems and processes
• Work well under pressure;
• Ability to deal with conflict;
• Highly organized and deadline driven;
• Results driven and provide high quality output of work
   

Risk & Compliance Responsibilities

• Adhering to the Code of Ethics and related policies, including personal account dealing, gifts, market abuse, etc.
• Ensuring Compliance training, declarations and relevant forms are completed on a timely basis
• Ensuring that firm and client data and property, including IT data, are properly protected
• Reporting any possible and actual breaches, errors, complaints or conduct issues.
• Reporting any suspicion that a client, investor, or employee may be involved in money laundering, fraud or other crime such as market abuse