The responsibilities of the successful candidate for this London based Financial Controller Private Equity will include:
Be a technical accounting expert for the asset classes and remain abreast of regulatory and accounting standards for investment accounting
Understand the drivers of pricing movements for these asset classes, and be able to validate the valuation of the Firm’s assets by reference to comparable liquid markets and property benchmarks
Understand the commercial and economic structuring of illiquid investments, including understanding how value is derived and distributed to stakeholders. For PE investments this will include an understanding of fee and incentive structures
Understand, at a high level, the regulatory and tax requirements that influence investment structuring and be able to advise the Front Office on the appropriate holding structures. Recognise when it is appropriate to engage with external advisers balancing the value of their advice vs. the cost of obtaining it
Be equally comfortable when dealing with relatively high volume data sets, and applying appropriate transaction level controls to them, and also operating at a higher summary level where more analytical skills are required to control and explain financial records.
The successful candidate for this London based Financial Controller Private Equity will have the following exposure:
Previous experience in a similar role, ideally gained while working for a Private Equity firm
In a larger organisation the responsibilities for this role are split between two distinct roles – Financial Control and Product Control, where the former is an SME in relatively high level financial accounting and the latter is an SME in the more detailed position level characteristics of the investment assets. Due to the size of Firm this roles is part of, it is necessary to combine the two sets of responsibilities into a single role.
Previous experience redesigning processes
Ability to break down blocakges into individual issues and manage these through to completion