Manager - Fund Accounting/ Fund Services

Role type - Permanent, full time
Reports to - Chief Operating Officer
Location - Park Lane, London

About Thompson Taraz

Thompson Taraz has been supporting Real Assets and Private Equity fund managers for 35 years. Our responsiveness and flexibility through tailored solutions allows our clients to execute and innovate, with the confidence of knowing they are working alongside professionals.

We pride ourselves on creating truly collaborative, long-term relationships, adapting and growing with our clients throughout every stage of their evolution. Our ability to create these relationships and delivery quality to our clients is underpinned by our people.

We invest in and develop our staff to help them realise their full professional potential, ensuring staff have high levels of client exposure and engagement to keep them feeling involved and challenged in their work.

Thomson Taraz is proud of the working culture within the business and this culture is reinforced by the length of tenure seen across the staff, ensuring we build a business based on shared values and ambitions. 

About the role 

As a Manager of our fund services team you will be responsible for overseeing, reviewing, and managing the delivery of fund services to our portfolio of clients. You will manage and oversee the fund services team, their respective workloads, and their preparation of all relevant client deliverables. Fund services provided included fund administration and accounting, and fund management.

Key Role and Responsibilities on activities as follows:

• Monitor and manage fund accounting operations on a quarterly basis.
• Review and generate routine financial reports for management and clients.
• Prepare annual financial statements aligned with the fund year end.
• Work with Auditors to execute annual financial audits.
• Manage cash flow and expenses on a quarterly basis.
• Review and preparation of Investor NAV reporting as appropriate.
• Review and preparation of monthly and quarterly management accounts and financial statements.
• Calculation of management fees/equalisation charges and performance fees ensuring the requirements of the key documentation (LPA/ PPM) are followed.
• Review and preparation of statutory accounts of funds and other structures in accordance with IFRS and GAAP.
• Respond to fund accounting inquiries and investor queries in a timely fashion.
• Adhere to internal controls and procedures.
• Adhere to Service Level Agreement (internal and external).
• Investigate, resolve and respond to ad-hoc operational requirements internal and external (verbal and in writing).
• Provide information for the generation of communications to investors.
• Driving change to achieve optimum efficiency and promote innovative use of IT and automation.
• Sharing excellent visibility to the directors on how services are being delivered.
• Promoting practices and activities that improve sustainability of what we do.

Staff Management

• Assessing, reporting on and promoting improvement of staff engaged within the service both in terms of their performance and development but also their productivity and profitability.
• Point of contact for fund accounting team members, including management and coordination of their workloads and timesheets.
• Fostering staff well-being as appropriate to a professional working environment and inspiring positivity within it.

Client Service

• Ensuring high quality of output to clients to ensure their satisfaction and regulatory requirements are achieved.
• Ensuring there is a robust, visible management and governance structure around the deliverables due across the fund services team, and manage delivery in line with this structure.
• Building and fostering excellent client relations by promoting and implementing value added services.
• Client meetings - arrange and chair quarterly/monthly client calls (per agreed timetable).
• Building the good reputation of TT with clients and the wider funds sector at every opportunity.

Skills, knowledge and expertise

• Qualified accountant (ACA (preferred) ACCA or AAT; preferably with a top 20 accountancy firm) with working experience in a fund services business. Ideally with 5-10 years of post-qualification Real Estate/Private Equity fund experience.
• Strong accounting skills, ideally gained within a Fund Management or Fund Accounting business.
• You will have a strong attention to detail with excellent client facing skills.
• Strong competence and familiarity with relevant accounting software packages (Sage and Xero desirable), and with MS Office suite.
• Highly organised with good time management and planning skills.  
• Ability to problem solve, with an inquisitive mind, and capable of being a trouble-shooter.
• Highly productive, very delivery focused and adaptable to ensure all work is completed to a high standard and in a timely manner for our clients.
• Excellent interpersonal and communication skills.
• The capacity to propose positive change and improvements to processes and ways of working, coupled with the energy and enthusiasm to contribute toward the implementation.