GA Actis Senior Director, SPV Accounting

About Actis

In October 2024, General Atlantic acquired Actis, which now operates as its Sustainable Infrastructure business alongside its existing strategies in Growth Equity, Credit, and Climate. Actis is a leading global investor in sustainable infrastructure, delivering competitive returns for institutional investors and measurable positive impact for the countries, cities and communities in which it operates. Actis invests in structural themes that support long-term, equitable growth in defensive, critical infrastructure across energy transition, digitalization transition, and supply chain transformation. The firm’s decades of global experience, operational know-how and strong culture allows it to create global sustainability leaders at scale. Since inception, Actis has raised $26 billion to invest in a better tomorrow. Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI. The firm has consistently been awarded the highest rating score in the UNPRI independent assessment. You can learn more about Actis at www.act.is.

Key Purpose of Role

• Proactively work alongside the Head of Fund Operations to develop initiatives that align with GA’s vision and priorities.
• Lead & coordinate Fund Operations activities in relation to GP-co-invest, carry and SPV structures.
• Act as a business partner to key stakeholders across the firm.
• Serve as a single point of contact for the business teams and fund heads on all GP co-invest and carry matters.
• Ensure the investment teams and senior management are regularly updated on key fund operational issues & developments.
• Synthesise complex ideas and viewpoints into coherent conclusions that can provide clear insights to key stakeholders.
• Lead the review and analysis of reports to ensure these are completed in accordance with the agreed timelines.

Key Responsibilities (this list is not exhaustive)

GP & Carry Schemes 

• Close oversight of co-investment scheme administrators. 

• Oversight of interim and YE audit.  

• Driving consistency in accounting, administration and reporting. 

• Responsible for group quarterly reporting involving planning of deliverables, ensuring timely and accurate delivery within accelerated timelines. 

• Leading the automation and streamlining of group quarterly/annual/tax reporting obligations. 

• Responsible for setting up of new co-investment schemes, coordinating with multiple stakeholders-lawyers, fund heads, tax team, LPs, KYC provider, administrators etc for successful onboarding.  

• Ensuring that carry award letters are sent out to LPs as units are awarded.  

• Coordinate with HCM and fund heads in LP carry allocations and ensuring all restrictions are complied with during distributions.  

• Working with lawyers to deliver annual confirmations for carry schemes. 

• Facilitating LP transfers. 

• Ensuring timely liquidation of old entities, working with lawyers, administrators and internal stakeholders.  

• Cash management – ensuring timely drawdown of LP equity/bridge and ensuring compliance with loan facility conditions. Responsible for presenting distribution analysis to the distribution forum and ensuring timely distribution to LPs. 

• Regular vendor management to ensure that all the vendor invoices are managed within defined timelines and accurately.  

• Regular follow up with LPs to ensure outstanding amounts are under control and completing KYC periodically to release distributions on a timely basis.  

• Collaborating with the Analytics team to provide necessary inputs for various analytical models & LP dashboards. 

• Manage LP communications ensuring all LP responses are addressed on a timely and accurate basis. 

• Responsible for SOX compliance across all GP co-invest and carry processes.  

SPV accounting 

•  Responsible for timely record keeping and reporting of 150+ SPVs. 

• Lead audit planning for all the SPV financials, coordinating with regional administrators, deal team, funds team and audit team. Ensure regular tracking of audit progress to meet regulatory/lender’s reporting timelines. 

• Review of financials & working closely with administrators to deliver improvements/KPIs.  

While this role description is intended to be an accurate reflection of the job requirements, Actis reserves the right to modify, add, or remove duties from particular roles and assign other duties as necessary.

Knowledge

• A professional qualification in accountancy or an MBA desired with extensive post-qualification experience.
• Sound knowledge of private equity fund administration activities.
• Sound understanding of UK/US GAAP & IFRS.
• Can demonstrate the ability and track record to learn and grasp new processes.
• Exposure to setting up new processes and controls ensuring all compliance and controls.
• Good communication and presentation skills.
• Proficiency in MS Office (particularly in Excel) and ERP.
• The ability to operate in an international team environment.

Personal attributes 

• High attention to detail.
• Excellent inter-personal, co-ordination and time management skills.
• Project management and ability to drive initiatives through to completion.
• Issue resolution skills.
• Performance and results oriented.
• A realist, with the patience to develop and refine skills and experience to progress.
• Ability to manage granular-level tasks and co-ordinate activities, diaries and manage stakeholders.
• Self-motivated with an ability to work autonomously and flexibly.
• Ability to interact personably, yet professionally with employees at all levels with equal ease.
• Has a passion to learn and develop a career through collaboration and pushing boundaries in personal development.
• Ability to prioritise own workload and meet deadlines.
• Ability to work well independently and as part of a team.