Fund Manager VP

Arkesden Finance
London, United Kingdom
Mar 24, 2019
Mar 24, 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

This position is responsible for the management and day-to-day oversight of the fund operations of CER Funds. This position is on the front line of coordinating and communicating with the local deal teams and serves as the deal teams principal day-to-day contact point.

The role is required to operate autonomously leading each area and reporting directly to the Segment CFO.

The position is principally focused on transaction structuring and transaction support; portfolio valuation; investor reporting; Investment Advisors Act and partnership compliance; corporate reporting (including budgeting and planning for the funds); as well as support of the Fundraising process and any other matters that come up from time to time in the general management and operations of the funds. In addition, this position will oversee the analyst and administrator resources on the Fund team and provide overall supervision and support to the team as needed



Support the Investment Committee, Fund Head and Investment Teams:
  • Lead the closings of investment purchases, distributions, and dispositions of existing investments
  • Lead the analysis of potential transactions with the assistance of legal counsel and tax advisors to determine the best structuring for each investment
  • Ensure the funds will be able to meet all funding requirements through either capital drawdowns from investors or from short term borrowing on the fund credit facility
  • Review quarterly valuation and exit forecast templates prepared by the investment professionals to ensure compliance with Company policy and coordinate with investment teams to determine the carrying value for investments on a quarterly basis
  • Participate in the Investment Committee process and portfolio review process
  • Assist with the raising of co-investment for acquisitions, when necessary

Supervise various business operations of the funds:
  • Review capital call memos prepared by the investment professionals
  • Review capital call calculations and allocations prepared by Partnership Accounting c. Provide input to Partnership Accounting as to the applicable treatment of distribution proceeds received from a liquidity event and review the distribution waterfall calculations
  • Assess and document investment transactions to ensure the investment is appropriate and allowed under the Fund's partnership agreement
  • Work closely with the Fund Head on budgeting and the tracking of the Fund's profitability, including carried interest projections
  • Oversee the preparation and review Investor Advisory Committee presentations for semi-annual meetings
  • Monitor legal compliance with various Fund agreements and arrangements while also considering the Fund's requirements of being a registered investment advisor with the Securities and Exchange Commission

Investment level financial reporting oversight:
  • Oversee financial and tax reporting at investment level for real estate assets across Europe
  • Manage third party administrator relationships and monitor fees across portfolio
  • Director position on Boards of legacy Fund investments (U.K., Netherlands, Sweden) and participation in quarterly Board Meetings for each investment
  • Payment authoriser on company managed bank accounts
  • Oversight on litigation and tax matters at investment level

Investor relations:
  • Oversee responses to various investor-related requests sent by Investor Relations professionals, including the Company Investor Relations Management team
  • Interact with investors and produce and analyze a variety of ad-hoc investor reports c. Supervise and coordinate the investor transfer and assignment process for secondary transactions
  • Review select correspondence prepared by Partnership Accounting in response to investor questions and requests
  • Complete investor questionnaires including due diligence monitoring report

Assist in the fundraising process for future funds:
  • Lead fund management aspect of fundraising, focusing on LP communications, process management, coordination of closings and legal reviews supporting legal negotiations
  • Respond to potential investor requests
  • Support the establishment of new structures and processes related to funds in the market
  • Coordinate with the Investor Relations Management team on fundraising activity and assist in reviewing materials prepared by this team

Active involvement in the periodic reporting on the performance of the funds:
  • Review the portfolio quarterly update (the "bluebook") and obtain internal sign off prior to submitting report to investors
  • Perform final review of quarterly reporting prepared by Partnership Accounting including financial statements, capital account statements, and general partner reporting for consolidation
  • Work closely with the Partnership Accounting team including Company Chief Accounting Officer to ensure transactions are appropriately reflected in the financial statements, as necessary
  • Review tax returns for the funds and other tax documents (including K-1s) ensuring they are prepared and filed on a timely basis. This includes working with external accountants and lawyers to determine the appropriate tax accounting treatment and ensuring tax payments are remitted to the US IRS as required.

Assist Partnership Accounting with the completion of the annual audit of the financial statements of the funds

Various tasks:
  • Assist the Fund Co-Heads with their presentations at various conferences (Investor conferences, CEO conference, debt conference, etc.)
  • Serve on various committees to support initiatives

Education and Certifications
  • Accounting / finance or law degree required
  • ACA / CFA or similar qualification beneficial



  • Tax, Partnership Accounting or Valuation experience required
  • Willingness / ability to travel occasionally
  • Willing to take the lead on tasks
  • Strong interpersonal skills; ability to gain trust and respect of investment professionals and other stakeholders
  • Strong organizational skills and detail oriented
  • Excellent communication skills - both written and oral
  • Demonstrated ability to work effectively as part of a team
  • Experience in a transaction-driven environment with multiple priorities, urgent deadlines and availability required outside of normal business hours

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