Fund Controller – Associate Director

Barings LLC
22 September 2023
London, UK


Fund Controller - Associate Director page is loaded Fund Controller - Associate Director Apply locations London, United Kingdom time type Full time posted on Posted 2 Days Ago job requisition id JR_004880 At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Title: Associate Director Position: Fund Controller Business Unit: Private Investment Fund Finance Location: London, UK Job Summary With a significant growth in Global Private Finance and Global Infrastructure Debt space, an opportunity has arisen within the Private Investment Fund Finance team based in London. The fund strategies are performing exceptionally well, with lots of growth and opportunity to learn on the job in particular working closely with portfolio management and investment team. The successful candidate will take ownership and be responsible for overseeing a group of co-mingled funds and segregated mandates, liaising with and various service providers on operational BAUs, typically monthly or quarterly processes, controls, and deliverables. Collectively managing and building the relations with third-party fund administrators (TPAs) is essential. Exercising fund controllership to ensure smooth fund operations and timely client facing deliverables is paramount for this role. The candidate will report to the European Head of Private Investment Fund Finance, who heads up a team of ten. Primary Responsibilities The responsibilities of the role include, but are not limited to: Solid technical and working knowledge over the topics of fund legal documents, fund oversight model, financial and fund accounting, ability to document, justify, and demonstrate complex fund financial, accounting, and fund operation matters. Oversee daily cash forecasting, monitoring investment activities and fund expenses, and managing liquidity requirements. Oversee entire capital call and distribution process and working schedules and notices prepared by TPAs. Extensive working knowledge in fund close and equalisation process in multi-currency sitting. Manage credit and leverage facility operations such as drawdown, repayment, payment process, and covenant reporting. Oversee quarterly NAV reporting package and its supporting schedules from TPAs. Oversee quarterly allocation file and capital statements. Oversee quarterly financial statements and its supporting schedules. Oversee management fee and performance fee calculations. Oversee and re-calculate fund performance metrics such as IRRs and Investment Multiples at both fund and asset level. Produce investor reporting package such as investment manager’s report, portfolio details report, and various ad-hoc reporting. Aid investment team for deal funding process to ensure timely funding. Ensure fund budget and expenses are in-line with fund document and expectations and payments are approved and processed in a timely manner. Working with various internal and external parties for the fund’s external audit. Provide aid from fund finance perspective for regulatory and compliance reporting for AIFMD, Solvency II, and other regulatory reporting. Ability to lead and provide guidance for the junior members of the team. Proactively engage queries and resolve issues from both internal and external stakeholders. Assist in various ad-hoc projects to improve fund oversight models, processes, and controls. Qualifications University degree, 2:1 ACA/ACCA/CIMA qualification is required, ideally trained and qualified from one of the big 4/top 10 accountancy firm. Desirable criteria This position is a strategic hire for the team. A significant industry experience with minimum 8 years PQE is required. Demonstrate people’s skills and be able to manage a small team. Keen to improve processes and procedures to promote best industry practices. Experience in open-ended private credit and hybrid fund structures are highly desirable. Experience in closed-end private credit and infrastructure debt are highly desirable. Prior closed-end fund experience is desirable and ideally experience was gained in fund management, fund accounting, fund administration, or fund audit. Extensive experience in multi-currency equalisation, hedging strategy, and new fund launch are highly desirable. Proactive and ability to work with minimum supervision and always keen to learn. Attention to the details yet seeing the bigger picture. Good analytical, communication, and problem-solving skills. Excellent in report building, Power BI, and Excel skills. LI-JB1 LI-Hybrid Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. About Us Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service. Our team-driven culture is based on transparency, responsibility and putting our clients’ interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors’ capital over the long term is an essential component of our lasting partnerships. Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service. As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success. J-18808-Ljbffr


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