Financial Accountant

Role Title: Financial Accountant 

Office Location: Jersey

Permanent 

Department Overview:

The Private Wealth team are responsible for the financial & operational management of BlueCrest’s proprietary private wealth portfolios encompassing a broad range of assets classes.  Working with the Head of Private Wealth Finance and the wider team this position is responsible for the accounting for an externally managed fund business that forms a material component of the private portfolio.  There will also be significant involvement in the running of the wider responsibilities across the Private Wealth function.

Role Overview:

Responsibility for the accounting and production of management information for an externally managed fund business that is a material component of the private portfolio:

Monthly reporting and reconciliations;

• Oversight and accounting of the funds’ underlying investments:
  • Tracking economics of debt & equity investments by deal
  • Calculation of interest accrued on debt investments
  • Allocation of investment inflows between capital, interest, gains as applicable
• Oversight and accounting of investor & carry economics:
  • Correct allocation of investor contributions into the funds (debt/equity split)
  • Calculation of distribution waterfall on the receipt of investment proceeds. Coordinate the execution of distributions to investors as well as any carry due to the investment manager.
• Oversight and accounting of external fund management entity:
  • Calculation of management fee, coordinating the payment thereof
  • Liaison with payroll & accounts payable teams on the operating costs of the business
• Monthly management accounts & preparation of management information:
  • Production of monthly investor deck, including performance reporting / return metrics, deal by deal narrative & quantitative summaries & other analysis.
  • Calculation of FV NAVs based on discounted cash flows for inclusion in wider portfolio.
• Liaising with the BlueCrest tax team for the preparation of quarterly tax estimates and year-end tax returns
• Preparation of year-end financial statements and management of the audit process

Involvement in the wider responsibilities of the Private Wealth team, which include but are not limited to:

• Portfolio accounting & financial reporting
• Production of cash flow projections & modelling for a large private markets portfolio.
• Production of investor reporting analysis and slides, plus other ad hoc management information as required
• Execution of portfolio transactions
• Liquidity management

Experience Required:

• A qualified accountant 
• Experience in the Investment Management industry.
• Highly motivated with a strong focus on accuracy and attention to detail.
• Excellent communication skills and the ability to interact with all staff, from executive management, to portfolio managers and operations professionals.
• Strong Excel skills. Advanced Excel skills, ability to use VBA would be an advantage.
• Strong organisational skills and the ability to manage a range of competing priorities and projects to tight deadlines

BlueCrest is committed to providing an inclusive environment for its workforce. As an employer, we provide equal opportunities to all people regardless of their gender, marital or civil partnership status, race, religion or ethnicity, disability, age, sexual orientation or nationality.