Project Accountant , Hermes GPE LLP – Funds Finance – 12 month FTC

Job title – Project Accountant , Hermes GPE LLP – Funds Finance – 12 month FTC

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 financial reporting and fund operational matters for circa $10bn of AUM invested into Private Equity and Infrastructure strategies.

The role will be split between cyclical fund operational matters and supporting the business with transformational data and operational projects.

Core Finance - Fund Accounting

The Project Accountant will be allocated a range of externally administered funds to oversee. A key responsibility will be to review month end ledgers to ensure that these are completed accurately, on a timely basis and are replicated correctly within the in-house accounting system. You will further review key fund deliverables such as investor drawdowns and distributions, investment contributions and distributions, fund liquidity models, fee models and related accounting entries. Building a strong relationship with the Investors Relations team and the Investment team will be important to cover off ad hoc items.

Data Projects – Data and Operational Change

The role will assist in various key projects for the business which may include items such as outsourcing the remaining internally administered funds to a third party administrator, enhancing the process for obtaining, reviewing and presenting critical accounting data (i.e. implementing a consistent process for month-end data extraction from the third party administrators accounting system and improving the quality of fee models using technology.

The business collates a large volume of data which the Funds Finance Team are required to review, analyse and report on to investors and the wider business. This role would suit a candidate who is comfortable with manipulating data who is enthusiastic to embrace new technologies and automate processes.

Key task and responsibilities:

Fund Operations

• Oversight of a number of third party administered funds, reviewing key items such as: management fees, carried interest, collation of investment valuation reports, liquidity management, investor capital calls, investment/divestment transactions, quarterly capital account statements, annual fund audits
• Become the lead contact for any ad hoc finance or operational queries for your fund allocation
• Collaborate with Investor Relations, Investment, Legal, Tax, Compliance teams
• Completion of the month-end review process including reconciliation with the in-house accounting system
• Oversight and management of the internal control environment and controls manual within a Sox compliant environment

Project Change

• Lead on various business change projects as dictated by the business such as:
• Outsourcing various legacy funds to the third-party administrator, ensuring that data is migrated from Investran (in-house system) to E-Front (administrator system) in a timely and accurate manner
• Review fee models and make improvements using technology. The business use a technology tool called QashQade which models will be moved onto in order to improve the accuracy of calculations and to make forecasting easier
• Identify other manual processes which can be improved and work with the Funds Finance Managers and Associate Director to make recommendations to improve these processes through technology
• Assist the Funds Finance Team in improving the quality of data extraction and storage in order to facilitate high quality investor reporting alongside the performance reporting and investor relations 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)
• Past project management experience implementing new applications or processes
• Strong understanding of internal controls and governance

Candidate Profile:

This is a great opportunity for the right candidate to gain exposure to senior individuals while contributing to business critical projects under the guidance of an experienced team.

The following skills are desirable:

• Experience on a private equity accounting system (I.e FIS Investran, E-Front, Allvue)
• Ability to manipulate and analyse large data volumes, with knowledge of systems such as Power BI, Power Query, Alteryx or similar being highly advantageous
• Deadline-focused, reliable and able to work independently in order to drive forward material projects over several months
• Ability to collaborate with various areas of the business in order to deliver on various projects as well as BAU operational matters
• Enthusiastic, willing to learn and take on new responsibilities in a small team
• 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

The role requires 3 days per week in the office unless otherwise agreed with the line manager and HR department.

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.