SUMMARY:
Finance Manager (CA, SA) - Fund Finance (Private Equity & Private Credit Funds) - S/Subs (Claremont
POSITION INFO:
Finance Manager (CA, SA) - Fund Finance (Private Equity & Private Credit Funds) - S/Subs (Claremont / Newlands / Rondebosch), Western Cape, SA (Hybrid)
Highly Competitive Package on Offer negotiable based on Qualification and Years of relevant experience required
Our Client, a Global Investment Firm, is currently in search of a financially astute, highly assertive and results orientated finance professional to join their dynamic and growing finance team.
You will manage the accounting and financial reporting functions for a portfolio of their private equity / credit funds.
One would describe you as having solid technical accounting knowledge, a good understanding of private equity structures, a devotion to quality and the ability to work independently in a fast-paced, client focused environment.
You will work closely with cross-functional teams, including Investment Deal Teams and Investor Relations to deliver high-quality and timely outputs.
Main Purpose of the role:
The focus of the role will be the overall financial responsibility of the allocated private equity and / or private credit funds function.
Qualification, Skills and Experience required:
- CA (SA) qualification
- 5 Years+ post articles experience gained, with 3+ years in a similar or higher level ideally within the Fund Asset Management or Financial Services or Private Equity or Private Credit Fund industry is preferred!
- Good knowledge of private equity structures
- Strong knowledge of tax, regulatory and compliance frameworks
- Software proficiency: MS Office Suite (Word, Excel, Powerpoint, Outlook), PowerBI (a distinct advantage)
- Multiple currency experience
- Proven people management experience
- Attention to detail with superb organisational skills
- Excellent report-writing and communication skills
Key Responsibilities:
Fund Accounting and Administration Operations:
- Management and oversight of the outsourced fund administrators and/or internal accounting team to ensure delivery in terms of the services agreement thereby ensuring accurate and timely reporting to management, investors and regulatory bodies.
- Oversight of all aspects of financial reporting, control, legal and tax compliance, and financial performance of the funds under management.
- Ensure accurate and consistent reporting of fund NAV accounts, supporting key decision-making processes
- Review of financial statements in multiple jurisdictions as well as monthly / quarterly management accounts.
- Preparation and/or review of various deliverables required for quarterly/annual/ad hoc reporting to investors, the depositary and responding to queries.
- Manage the audit process of the various entities within the deadlines.
- Ensure compliance from a finance perspective with the various legal agreements which include the Fund Agreements, Investor side letters etc.
- Ensure compliance with regulatory requirements, internal policies, and best practices for fund accounting and reporting.
- Cash management which aligns with issuing of drawdown notices to investors, disbursements to investments, budgeting, accounts payable, tax etc.
- Manage tax and regulatory compliance from a fund administration perspective
Audit Support:
- Collaborate with auditors, provide support and answer queries,
- Review, document and look for improvements in processes within fund administration.
- Provide assistance to portfolio investments as required.
- Assist with ad hoc projects and tasks.
Communication and Stakeholder Engagement:
- Reporting: prepare/review financial reports, forecasts for senior management, investment committees, and external stakeholders.
- Collaboration: act as a point of contact for finance-related inquiries from investors, auditors, and regulatory bodies.
- Investor Relations: collaborate with the investor relations team to support fundraising efforts with fund performance insights.
- Professional providers: Work closely with and manage various professional service providers which include outsourced administrators, auditors, depositary and other ad-hoc professional providers such as tax and legal.
Technical Skills
- Advanced knowledge of accounting princip
