Fund Controller

Job Description

Job Title: Fund Controller - Private Markets

Contract: Type: Permanent

Location: Frankfurt

About the business

abrdn has a long track record of managing private markets strategies spanning real estate, private equity, infrastructure, real assets and private credit as well as having developed a number of innovative private markets solutions.

About the role

Reporting to a Senior Manager, this role will be responsible for the oversight and accounting for a number of collective or segregated closed end funds and related vehicles. This is a permanent role based in Frankfurt. Key responsibilities include:

- Mandate ownership: take ownership of an allocation of private equity mandates (predominantly UK / European) and review quarterly management accounts, management fee calculations and investor reporting as well as performing key data reconciliations with third party administrators.
- Valuations: in conjunction with the investment team, play a central role in the quarterly valuation process through review and assessment of quarterly valuation movements
- Treasury: monitor cash balances for assigned funds to ensure that optimal level of cash is held in the fund. Initiating investor transactions when appropriate to call or distribute from funds.
- Statutory accounts: coordinate annual accounts for limited partnerships and limited companies in accordance with prevailing regulations and standards.
- Old mandates: support the disposal of assets and wind up of existing mandates.
- Scheduling: ensure that key tasks in respect of assigned funds are completed within agreed timescales.
- Continuous improvement: identify opportunities for improvement and implement with buy-in from key stakeholders.
- Project initiatives: support internal and external stakeholders to address a range of requests and ongoing projects across abrdn Private Equity.
- Ensure the operation of an effective control framework.
- Recognised, relevant accountancy qualification
- Sound knowledge of current accounting practices and standards
- Competency in Microsoft Excel
- Private Equity or relevant asset class experience
- Stakeholder engagement skills
- Good communication skills, both written and verbal

We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense - this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.