Technical Accounting Lead, Open-Ended Funds

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.  We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms. 

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts. 

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 

We’re driven by our Group purpose, to power people and possibilities. 

Technical Team

We are seeking a Senior Technical Lead with deep expertise in open‑ended and evergreen fund structures to join our existing Technical Accounting team. Historically focused on closed‑ended funds, the team is expanding its remit to provide specialist technical accounting support across evergreen and open‑ended fund products.

This role is ideal for someone with strong technical or hands‑on practical experience in fund mechanics—performance fee/waterfall calculations, investor dealing (subscriptions/redemptions), equalisation methodologies, and NAV reporting. You will play a key role in shaping the technical accounting support model for open-ended / evergreen funds and serve as the senior subject‑matter expert for internal fund accounting teams.

Job Summary

• Act as the team’s subject-matter expert on open-ended and evergreen fund mechanics and accounting matters including NAV calculation methodologies and series accounting, Management Fees & Performance fees calculations, Subscription and redemption mechanics, and Equalisation methodologies
• Resolve technical accounting and fund mechanics queries raised by the Client Services (CS) team and clients in a timely manner. Effectively communicate technical accounting information to CS teams
• Provide technical support to implementation team for new onboarding clients
• Perform/oversee the reviews on the financial statements and other complex client deliverables (including quality reviews). To help shape and ensure quality control of the CS output
• Assist CS and/or implementation team with reviews of operational aspects of fund governing documents (PPMs, Prospectus, LPAs, Subscription documents) by interpreting key accounting and administrative terms
• Perform reviews of performance fees calculations for accuracy and compliance to fund terms, assist CS teams with technical and implementation queries relating to fees calculations
• Develop internal review framework, process documentation, guidance notes and templates for open-ended / evergreen fund technical accounting support
• Monitor latest accounting and industry developments impacting our open-ended fund clients and draft technical updates for accounting / industry changes accordingly for internal teams
• Oversee the collection of technical and operational knowledge, and the in-house library of technical journals, articles and documentation relating to open-ended fund accounting matters
• Identify control weaknesses from reviews, discussions with internal senior CS stakeholders, and recommend control procedures to reduce risk
• Identify ways to improve efficiency and effectiveness of CS processes
• Train and mentor other Technical Team members to build knowledge capabilities within the team on open-ended funds and provide guidance / escalation support to junior team members
• Collaborate with internal product and operations teams to ensure new evergreen service models are designed with appropriate accounting considerations through expert knowledge of open-ended funds and industry practice

Person Specification

• Strong attention to detail
• Excellent written and verbal communication skills with experience preparing technical guidance notes
• Technical research skills / mind-set and ability to lead technical discussions
• Excellent organisational, prioritisation and interpersonal skills
• A strong ‘Can Do’ attitude and ability to lead by example
• The ability to cope with multiple tasks and quality work under tight deadlines
• Strong ownership of tasks and sense of teamwork

Qualifications

• University Degree in Accountancy/Business/Maths or otherwise demonstrable strong aptitude for numeracy
• Professional Accounting Qualification: ACA, ACCA (or equivalent) qualified or qualified by experience (7+ years)

Experience / Key Skills

• Extensive experience in open‑ended or evergreen fund accounting gained in an asset manager, fund administrator, audit practice, or similar environment
• Strong / technical understanding of Performance fees methodologies, subscriptions & redemptions mechanics, Equalisation approaches and series accounting, NAV and investor allocations
• Proven ability to interpret legal documents, fee terms, and operational requirements and translate them into practical accounting treatments
• Practical / working knowledge of IFRS or UK or US GAAP as applied to investment funds
• Practical experience of reviewing Financial Statements including disclosures
• Conducting Training / knowledge share sessions experience will be preferable but not mandatory.
• Intermediate proficiency in Microsoft Excel

OUR COMMITMENT TO YOU AND THE ENVIRONMENT  

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.  

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee. 

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential.  Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced. 

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning.