FINANCE MANAGER (Private Credit: Finance and Fund Administration) - Cape Town, Western Province

Highly Competitive Package on Offer!

Our client, an innovative Global Investment firm is currently recruiting for a Finance Manager to oversee the accounting and financial reporting functions for their private credit business.

Manage the relationship with the outsourced fund administrator; as well as manage end to end co-ordination of fund activities (closings, capital calls, investments and distributions), fee calculations, creditors management and bank/payments processes, calculation of net asset values, ensuring the accuracy as well as the integrity of financial reporting (including investor specific reports, financial statements and regulatory reporting) and forecasting.

You possess strong technical accounting skills, a deep understanding of private debt or credit fund structures, and have the ability to work independently in a fast-paced environment. You will work closely with cross-functional teams, including Investments and Investor Relations to deliver high-quality and timely outputs.

Main Purpose of the Role:

The primary purpose of this position is the overall financial responsibility of the private debt business' financial function.

Key Duties and Responsibilities:

Fund Accounting and Administration Operations:

• Management and oversight of the outsourced fund administrators and/or internal accounting team to ensure delivery in terms of the services agreement thereby ensuring accurate and timely reporting to management, investors and regulatory bodies.
• Oversight of all aspects of financial reporting, control, legal and tax compliance, and financial performance of the funds under management.
• Ensures accurate and consistent reporting of fund accounts, supporting key decision-making processes.
• Review of financial statements in multiple jurisdictions as well as monthly / quarterly management accounts.
• Preparation and/or review of various deliverables required for quarterly/annual/ad hoc reporting to investors, the depositary and responding to queries.
• Manage the audit process of the various entities within the deadlines.
• Ensure compliance from a finance perspective with the various legal agreements which include the Fund Agreements, Investor side letters etc. Ensure compliance with regulatory requirements, internal policies, and best practices for fund accounting and reporting.
• Cash management which aligns with issuing of drawdown notices to investors, disbursements to investments, budgeting, accounts payable, tax etc.
• Manage tax and regulatory compliance from a fund administration perspective.
• Audit Support: collaborate with auditors, provide support and answer queries.
• Review, document and identify improvements in processes within fund administration.
• Provide assistance to portfolio company investments as required.
• Assist with ad hoc projects and tasks.

Communication and Stakeholder Engagement:

• Reporting: prepare/review financial reports, forecasts for senior management, investment committees, and external stakeholders.
• Collaboration: act as a point of contact for finance-related inquiries from investors, auditors, and regulatory bodies.
• Investor Relations: collaborate with the investor relations team to support fundraising efforts with fund performance insights.
• Professional providers: Work closely with and manage various pro