Fund Accountant - HGPE

Job title – Fund Accountant - HGPE

Location – London

About Federated Hermes;

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $845.7 billion in assets under management, as of August 1st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com

Main Function of the role:

The Funds Finance Team are responsible for all circa $10bn of AUM invested into Private Equity and Infrastructure Strategies. You will manage a range of accounting and operational responsibilities for a number these funds and their associated investing entities.

The Fund Accountant will be allocated a range of externally administered funds to oversee including monitoring deal funding, cashflow forecasting and certain investor reporting.

A key responsibility will be to review month end ledgers to ensure that these are completed accurately, on a timely basis and are replicated within the in-house accounting system alongside fielding other ad hoc queries from the administrator on these funds. The role will also lead the migration of various internally managed funds to outsourced administrators; the ability to establish relationships with external providers and to diligently review their output is key.

You will be expected to manage your own time and workload supporting the Funds Finance Managers with outside of BAU projects and queries.

Key task and responsibilities:

• Maintenance of the FIS Investran accounting system, including reviewing journals posted by the Assistant Fund Accountant
• Completion of month-end reporting for internal and outsourced funds
• Management of and liaison with outsourced administrators and review of information provided
• Oversight and management of the internal control environment and controls manual within a Sox compliant environment
• Oversee and review the Assistant Fund Accountant’s workflow, or peer review other Fund Accountants work
• Prepare the Management and Performance fee calculations (or review for externally administered funds)
• Review investment valuation reports and assist with the Valuation Committee process
• Review cash management and forecasting prepared by the administrator
• Assist with the audit process and field auditor queries
• Assist the business with various business change projects in order to automate and enhance the financial reporting and control processes
• Manage the outsourcing of various internally managed funds, taking responsibility for preparing month end close and inputting accounting entries during the transition
• Assist the Funds Finance Managers with compiling financial data and financial models for new fundraising and fund liquidity events
• Respond to ad-hoc investor queries and internal queries from the business such as Investor Relations, Portfolio Monitoring and the Investment teams.

Minimum knowledge & experience required:

• 2 years+ of management accounting or audit experience within a private funds environment
• Have completed a professional accounting qualification (i.e. ACCA, ICAEW or equivalent)
• Practical financial reporting experience reporting under UK GAAP, IFRS or US GAAP
• Strong understanding of internal controls and governance

Candidate Profile:

This is a great opportunity for the right candidate to gain exposure to private markets under the guidance of an experienced team, learning from experienced Fund Accountant peers and the senior Funds Finance team.

It is not essential to have past experience in private funds, however such experience would be desirable. It is critical that the applicant is motivated to learn and establish a career in funds finance and that they can articulate a genuine interest in private markets finance.

The following skills are desirable:

• Proficient in Excel and Word at minimum with experience with programmes such as Power BI, Alteryx being advantageous
• Deadline-focused, reliable and able to work independently
• High attention to detail and the ability to review large excel models
• Enthusiastic, willing to learn and take on new responsibilities
• Organised in approach to work, with the ability to prioritise effectively

Strong communication skills (written and verbal) with the confidence to deal with key senior stakeholders

Diversity, Inclusion and Flexible Working

We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.

We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.

We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.

We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at [email protected] or +44 207 702 0888. You do not need to share details of your disability or long-term condition.

If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at [email protected] or +44 207 702 0888 to discuss the support you need.