Sanne is a leading global provider of alternative asset and corporate administration services. Established for over 30 years and listed as a FTSE 250 company on the Main Market of the London Stock Exchange, SANNE employs more than 1,900+ people worldwide and administers structures and funds that have in excess of £465 billion of assets.

As leaders in our field, we deliver tailored fiduciary services to a highly valued international client base through a global network of regulated businesses within 20 established international financial centres spread across the Americas, EMEA and Asia –Pacific.

Key responsibilities

Fund and Investor Accounting:

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Review fund reimbursable expenses;
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices;
• Prepare fund financial statements with footnotes and supporting schedules;
• Prepare partner allocations and capital account statements;
• Understand/review of LPAs, purchase/sales agreement, side letters, etc.
• Coordinate and support the audit for both SSAE 16 audit and fund audit;
• Support the tax team with information to prepare tax compliance/reports;
• Assist with other regulatory reporting;
• Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).

Cash Management and Operations:

• Facilitate and monitor cash movements;
• Prepare funding memos for investment purchase, fund expense payment, etc.
• Conduct cash forecasting and budgeting;
• Responsible for bank and brokerage reconciliations;
• Assist with Ad hoc financial analysis for client;
• Assist with credit facility drawdowns for the fund;
• Coordinate with investor services team.

Portfolio Accounting:

• Track portfolio company transactions (purchases, income, liquidity);
• Understand complex investment structures (hold co's blockers, tax withholding, etc.);
• Calculate investment IRR;
• Accounting for holding companies and blocker entities.

Requirements:

• 6-12 years of professional experience (A mix of private and audit preferred);
• Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience);
• CPA Preferred;
• Strong Fund and Partner accounting knowledge;
• Credit funds exposure;
• Portfolio accounting, complex investment structures preferred;
• Supervisory experience;
• Strong written and verbal communication skills;
• Highly motivated with ability to multitask.

Special Skills:

• Experience in fund accounting with a focus on private equity experience;
• Knowledge with LPA or other governing documents;
• Experience with waterfall calculations;
• Basic knowledge of Level 3 valuation methodologies;
• Experience with audit process, including internal control and test of details;
• Knowledge of US GAAP with an emphasis on investment partnerships.

Our services focus on

• Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients;
• Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence;
• Administration of Private Equity structures - Delivering a responsive, client focused administration service.