Fund Accountant, Barings
Private Credit
International investment management firm
Open for applications
International investment management firm
1001+ employees
Open for applications
1001+ employees
Company mission
To deliver the best investment experience for our clients through exceptional service and performance.
Role
Who you are
- University degree, 2:1 or equivalent
- ACA/ACCA/CIMA qualification is required, ideally trained and qualified from one of the big 4/top 10 accountancy firm
- An ideal candidate for this position should be proactive, hardworking, and keen to learn
- Prior closed-end fund experience is desirable and ideally experience was gained in fund management, fund accounting, fund administration, or fund audit
- Experience in private credit and infrastructure debt are highly desirable
- 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 skills in Excel, Power BI, Data Analysis and Visualisation, and Automations
What the job involves
- With a significant growth in Global Private Finance and Global Infrastructure Debt space within the Barings, an opportunity has arisen within the Private Investment Fund Finance team based in London
- 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
- 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
Salary benchmarks
Our take
With a history dating back more than 260 years, Investment Management Group Barings was originally Britain’s oldest merchant bank and set up an asset management division in the 1950s. By the mid-90s, its original banking division collapsed due to scandals concerning its executives and its investment management department took center stage. Through a series of acquisitions, Baring Asset Management became Barings in 2016, alongside the now-merged Cornerstone Real Estate Advisors, Wood Creek, and Babson Capital Management.
With a portfolio worth more than $347 billion, Barings has come full circle over its two-and-a-half-century life. During the 2010s, its acquisitions and growth saw it evolve into a global leader, with subsidiaries in Europe, the Americas, and Asia. Focusing on private and public equity, real estate, private credit, capital, and insurance solutions, Barings has run with the fast-moving shifts in the investment sector to fund electric vehicle projects, fintech platforms, and digital companies to great success.
In 2023, Barings swooped in to save bankrupt real estate deals in Arizona and secured leading bank tenants Santander and HSBC at its state-of-the-art office development in Manchester, UK. In 2024 it led a funding round of Morgan Stanley's World 50, exemplifying its influence on the world's top investment banks. With many arms to its company, Barings can weather setbacks as a whole, whether that be the collapse of Barings-backed internet provider GigaMonster or restructuring the ailing cinema chain Vue.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Company HQ
Third Ward, Charlotte, NC
Articles
Leadership
Mike Freno
(CEO, not founder)Previously the Head of Global Markets at Barings, Research Analyst at M&M Partners LLC, and Manager at PwC.
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