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Financial Controller – Fast growth private equity firm
£60,000 - £70,000 + Benefits + Bonus
Central London – Hybrid 3 days in office

THE COMPANY
They are an exciting international private equity / venture capital company whose main HQ is based in London managing $1.8bn of investments in 6 funds, having grown their AUM valuation from $480m in the last 2 years. They have fast growth plans and last year raised, due to their success and performance, over $500m. They are now raising a third fund of over $1.2bn due to their unprecedented investor following and success. The company is going through a massive growth phase and it is likely to see other investment vehicles being added to the structure in the near term. In terms of progression, the company has plans for significant growth and it is likely that the right person will have the opportunity to evolve and grow their role as the business grows. The Finance team is expanding with a new role of Financial Controller being created to offer support to the existing CFO and Group Financial Controller.

SKILLS AND EXPERIENCE REQUIRED
You will need to meet the following criteria:

  • Recently qualified ACA / ACCA / CA qualified (6 months-24 months PQE) who is either looking to make their first move out of practice or has moved in the last 18 months into a central finance role within industry;

  • Previous knowledge of venture capital / private equity is not needed and ACA/CA candidates with any type of industry experience will be considered in this group corporate role;

  • Strong technical accounting skills and eye for detail;

  • Excellent communicator and strong professionalism;

  • Good written English;

  • Strong systems skills: especially Excel, Word and PowerPoint. Financial process and control minded;

  • Open to change and challenge as the business grows;

  • Having a very organised mind and able to work without close supervision;

THE ROLE

As part of its growth, a new role has been created to work alongside the CFO and the Group Financial Controller will be actively involved with the day-to-day running of the financial affairs of the Corporate group and will contribute to the continued development of the finance environment generally. This will be a varied role due to the wide responsibilities of the Finance department and will include significant liaison with and oversight of the work performed by the local accountants at subsidiaries to ensure consistency of approach and maintenance of high standards. This is a role with substantial responsibility and accountability and will include timely and accurate financial reporting, cash management, provision of financial information to the Board and stakeholders, budget preparation, responding to ad hoc requests and making commercial recommendations to increase the profitability of the business. Responsibilities include:

Financial control and reporting

  • Preparation of the monthly management accounts for the two UK entities

  • Day-to-day responsibility for the financial affairs of the UK entities

  • Ensuring that all financial data is recorded correctly at point of data capture

  • Oversight of work performed by UK outsourced accountants

  • Assist with the timely production of the quarterly management accounts pack

  • Ensure that all intra-group balances are reconciled on a periodic basis

  • Liaising with auditors regarding the audit of the UK entities

  • Support the production of audited financial statements of other group companies, including both consolidated and single entity accounts

  • Review of overall recharge of expenses to the Funds to ensure adherence to the respective Funds’ policies.

  • Monitor and action transfer-pricing for intra-group recharges

  • Assessment and monitoring of Regulatory Capital including forecasting future capital needs

  • Identify, design and implement enhancements to existing management information systems and processes

  • Maintain awareness of IFRS and other developments relating to financial reporting

  • Assist with timely delivery of periodic FCA reports

  • Overseeing the expense reimbursement process to ensure the accurate capturing of financial information on a timely basis and in line with the company’s policies

  • Assistance with the accounting and administration of the Group co-invest schemes

  • Oversee the accounts receivable and payable process

  • Significant amounts of ad hoc work

Financial planning and analysis

  • Support with the Group’s annual budget cycle, assist in the production of the Group’s annual budget pack and the ongoing monitoring of actual performance vs budget and forecasts.

  • Assist in the preparation of other ad-hoc financial analysis in support of the Front Office and Executive Committee

Banking and cash management

  • Maintain accurate cash flow projections

  • Ensure that funding requirements of group companies are met on a timely basis

  • Make recommendations regarding capital calls and distributions

  • Placing FX trades

  • Assist with opening of new bank accounts in various jurisdictions and development of new banking relationships

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