Accountant, Portfolio Management Finance (Value Add funds)

About InfraRed Capital Partners ("InfraRed")

InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.

InfraRed manages US$13bn of equity capital 1 for investors around the globe in listed and private funds across both core and value-add strategies.

InfraRed combines a global reach, operating worldwide from offices in London, Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.

For more information, please visit .

Job Purpose

You will work closely with other members of the Value-Add Portfolio Management and Finance team, as well as with wider business such as the Fund Management, Investments and Asset Management teams, providing financial, treasury management and control, investor reporting, financial reporting (IFRS and UK GAAP) and transaction support, as well as identifying and implementing initiatives to drive value within the business and across assets the funds' hold.

You will play an integral part in the reporting and operations for the various unlisted infrastructure Value-Add funds managed by InfraRed, with assets under management of over USD 3bn. You will be dedicated to one to two funds and gain exposure to a breadth of workstreams to support the day-to-day operations, management and reporting needs of those funds. You will deal with investor related queries relating to the funds, new fund investments and process improvements requiring collaboration with colleagues across the business and third party administrators ("TPA"). We outsource the day-to-day financial management for each of the investments to a variety of TPA's.

Key Job Responsibilities

• Leading and working closely with the TPA for the preparation of the annual audited financial statements, including fund level entities and holding companies within the fund structure, prepared under FRS 102 or IFRS.
• Detailed review of the Funds quarterly management accounts as well as supporting the production of quarterly investor reporting packs.
• Managing quarterly and year end close processes, including reconciliation of balance sheet items.
• Leading the relationship with the TPA as well as external auditors and the wider InfraRed business, as required, to support the Funds.
• Coordination and review of AIFMD returns prepared by TPA.
• Preparation, review and sign off of weekly payment runs, including accurate coding of fund flows.
• Liaising with lenders to ensure compliance with regulatory requirements and financing agreements, drawdown and repay fund credit facilities, and support refinances and the issuing of letters of credit as required.
• Production of drawdown and distribution notices according to the fund's requirements and working closely with the TPA to deliver these to investors.
• Preparation and submission of VAT return as well as supporting the tax team on other filings.
• Helping monitor the performance of investments and supporting the assessment of progress against KPI's and business plans.
• Supporting initiatives across the value-add strategy as well as assisting the Investments team with transaction support as assets are acquired or disposed of.
• Managing fund vehicles, working closely with the tax team to ensure optimal fund structures are in place and maintained and assisting in the incorporation of new entities.
• Assess FX hedging needs of the funds in line with the fund's policy and manage the execution of any hedges required.
• Working with the Fund Manager, Portfolio Manager and wider InfraRed business to identify efficiencies and process improvements.

Skills and Qualifications

• You are a qualified accountant with minimum 1-2 years PQE and you bring previous experience of fund accounting, ideally from another Private Equity or Infrastructure fund or a third party administrator
• A high level of attention to detail and accuracy and are analytically minded with the ability to solve problems and think independently
• You are organised, able to multitask and can prioritise to meet tight deadlines and have a willingness to learn, develop new skills with a flexible 'can do' approach
• Strong communication skills whilst taking a proactive approach, being able to effectively use both written and verbal communication skills
• Striving to improve processes and create efficiencies around a team and have developed Excel and PowerPoint skills
  

1 Uses 5-year average FX as at 30th September 2024 of GBP/USD of 1.2827; EUR/USD 1.1123. EUM is USD 12.803m

Don't meet every single requirement listed? Studies have shown that women and people of colour are less likely to apply to jobs unless they meet every single qualification. At InfraRed we are dedicated to building a diverse, inclusive, and authentic workplace. If you are excited about this role but your previous experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be the right candidate for this, or another role.