The NTMA is seeking a Senior Fund Accountant to join the Irish Sovereign Funds Finance team on a permanent contract reporting to the Finance Manager. This is an excellent opportunity for an ambitious finance professional to take up a challenging and interesting position supporting the finance operations for Ireland's sovereign development and wealth funds (Future Ireland Fund, Infrastructure, Nature and Climate Fund and Ireland Strategic Investment Fund).
Key Responsibilities
* Prepare/Review daily and monthly management reporting.
* Complete a daily review of the Fund NAV and reporting provided by the Custodian.
* Review monthly Investment Manager reconciliations to the Custodian.
* Monitor the Custodian in line with agreed SLA and record KPIs.
* Prepare Finance KPI reporting.
* Review Investment Manager and Custodian fees.
* Prepare relevant forms and documentation for new market openings.
* Respond to business unit requests in a professional and timely manner.
* Assist in preparation of Irish bi-monthly VAT returns and associated statutory reporting.
* Work closely with the Financial Reporting team, the Investment team and Project teams.
* Contribute to the development of finance processes and procedures for the new funds.
* Review and process capital call and distribution notices.
* Track daily cash activity, including setting up wire payments and daily cash projections.
* Prepare and review accounting journals.
* Review investee allocations and capital account statements.
* Review partnership agreements and interpret reporting requirements and partner economics.
* Correspond with General Partners, Investees and Borrowers on queries.
* Assist tax advisors with fund and investor K-1s review and various tax payments.
* Assist in year-end valuation process with the external valuer and auditors.
* Administration of loans including reviewing facility agreements, calculating interest and repayments for review and approval.
* Participate in the continuous development and enhancement of workflows and procedures to reflect the changing control environment.
Requirements
* Qualified accountant (ACA, ACCA, CIMA) desirable but not essential.
* Third level qualification preferably in Finance or Accounting (or related field).
* At least 5 years' experience in Fund Accounting, knowledge of Hedge Markets essential with knowledge of Private Market products desirable.
About Us
The National Treasury Management Agency (NTMA) provides asset and liability management services to the Irish Government. It has evolved from a single function agency managing the National Debt to a manager of a complex portfolio of public assets and liabilities.
Businesses managed by the NTMA include borrowing for the Exchequer and the management of the National Debt, the State Claims Agency, the New Economy and Recovery Authority (New ERA), the Ireland Strategic Investment Fund (ISIF) and the National Development Finance Agency (NDFA). The NTMA also assigns staff to the National Asset Management Agency (NAMA), the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI).
Recently the NTMA mandate has expanded to include oversight and management of the Future Ireland Fund (FIF) and the Infrastructure, Nature and Climate Fund (ICNF). This role is to support the finance operations service delivery to FIF, ICNF and ISIF.
FIF and ICNF are newly formed sovereign wealth funds. FIF aims to ensure steady and long-term support for state expenditure from 2041, and ICNF is designed to bolster state spending after 2026 in response to economic downturns or to fund environmental initiatives between 2026 and 2030. ISIF is a sovereign development fund with a mandate to invest on a commercial basis to support economic activity and employment in Ireland.