CFO

Our client is a well-established boutique PE fund and they are now looking to recruit a CFO who will be based in their London office. Having full responsibility for finance and some broader operational responsibilities, the CFO will be responsible for managing internal and external relationships, including those with stakeholders and portfolio companies.

Duties & Responsibilities

• Financial control of the management company
• Ensuring company records and minutes are maintained by all jurisdictions
• Driving process and control enhancement to ensure efficiency and scalability
• Acting as a point of contact for all outsourced providers and accounting queries
• Provide outsourced weekly cashflow reports and structured data around performance against budget to date
• Liaising with key stakeholders including management and advisors
• Ensuring timely periodic reporting of outsourced accounts under IFRS
• Assisting in preparation of key performance data to aid commercial decision making
• Ensuring compliance with Limited Partnership Agreements and Group accounting policies and procedures
• Reviewing accounting/position papers under both local and US GAAP
• Liaising with other finance functions of portfolio companies to ensure that the financial reporting requirements of the Fund Finance team are completed appropriately
• Reviewing distribution memorandums (including carried interest) and call notices and associated calculations prepared by outsourced providers
• Managing relationships with auditors (for Group and local fund audits), tax advisors, administrators and banks
• Liaising with external valuers to support the valuation process under US GAAP and our internal valuation policies by providing additional valuation data
• Developing a robust understanding of the control environment within the operating companies and improving the controls
• Reviewing Investment Memo from team and ensuring steps and procedures are followed
• Being point of contact and responding to all investor queries
• Reviewing draft Limited Partnership Agreements with external lawyers to understand, interrogating and influencing accounting and reporting implications
• Reviewing quarterly investor reporting from portfolio companies and audited fund financial statements

Requirements

• Qualified accountant (ACA/ACCA, CPA, CIMA or equivalent)
• Experience of managing a Private Equity fund in multiple locations would be desirable but not a necessity
• US GAAP knowledge
• Experience with tax structuring of portfolio companies
• Strong knowledge of financial accounting and controls
• Well-developed client facing interpersonal skills with good presence, used to dealing with all levels of seniority
• Ability to motivate and develop our team/advisors operating across different geographies
• A resilient questioning approach; ability to spot, investigate and explain irregularities

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