Main Job Purpose 

To work as part of the Fund Accounting team providing fund valuation and accounting services to Private Capital funds and underlying private capital fund vehicles ensuring that they are fully

compliant with fund documentation, legal, regulatory requirements and accounting standards to which they are subject.

Ensuring that the provision of fund accounting services are aligned with the client SLA’s, all internal and external deadlines are understood and met and all operational policies, procedures and checklists are followed.

Reporting to the Fund Accounting Manager.

CLIENT RELATIONSHIP AND COMMUNICATION

  • Support your Manager in maintaining a high degree of client contact, assisting in ensuring that timely solutions are provided to all client queries
  • Work closely with your client counterparts with a partnership approach to service delivery
  • Support your Manager in coordinating client requirements  according to priority and arrangements held within the SLA, liaising with the client (where  appropriate) to manage expectations and ensure consistent and excellent service delivery

CLIENT SERVICE DELIVERY

  • Provide input to the drafting of Service Level Agreements when onboarding new business, whilst also assisting with the required BAU related activities
  • Assist with the review of relevant fund documentation and agreeing reporting templates with the client when on-boarding new business
  • Prepare, review and analyse the monthly, quarterly, bi-annual and annual Financial Statements with supporting documentation under various accounting standards (i.e. IFRS, UK GAAP & US GAAP)
  • Prepare and/or review monthly valuations, reconciliations of fund draw downs and distributions, accruals, expenses etc
  • Review double entry bookkeeping in the accounting system
  • Assist in the review of cash reconciliation and management for the Funds
  • Prepare and/or review drawdown, equalisation and distribution calculations in accordance with the Fund documentation
  • Prepare and/or review Fund investor capital statements as required
  • Work with the Investor Relations and Fund  Administration teams to ensure the timely  and accurate release of investor reporting
  • Prepare and/or Fund and investor IRR calculation as required
  • Attend client and audit meetings as required in relation to the provision of Financial Statements to investors
  • Liaise with various external and internal parties (e.g. client, external auditor, other BNP offices etc) in the day-to-day accounting of the Fund and other custom reporting and projects for specific investor needs
  • Liaise with internal and external auditors and assist with the year end/interim audit process via a monitored timetable and audit requirement list

TEAM MANAGEMENT

  • Support your Manager in the supervision, training and management of more junior team members
  • Ensure that any new joiners to your team have a positive onboarding experience
  • Ensure compliance with all relevant internal processes, procedures and controls when discharging your Fund Accounting duties, using the appropriate system or platform in order to do so
  • Provide input in relation to the review and monitoring of existing business process, procedures and checklists to maximise efficiency and productivity in the Private Capital Team
  • Execute group project opportunities relating to the implementation of new systems or platforms and the appropriate operational procedures

Technical Skills – Essential Requirements 

  • An excellent working knowledge of various Private Capital fund structures (GP/LP/Feeder) and the accounting required for these structures Excellent knowledge of US GAAP/UK GAAP/IFRS
  • Good time management skills
  • Good prioritisation skills to deal with a high volume of time sensitive tasks quickly and appropriately
  • Sound analytical and problem solving skills
  • Good working knowledge of Microsoft Office Package with emphasis on Excel and Word

Technical Skills – Desired Requirements 

  • Understanding of Luxembourg GAAP requirements
  • Understanding of wider Private Capital industry standards and regulations

Qualifications & Industry Experience – Essential Requirements 

  • Appropriate professional qualification in accountancy
  • Experience within the finance industry with knowledge of accounts preparation or valuation in equity, debt and private capital funds

Qualifications & Industry Experience – Desired Requirements 

  • Experience of working in a multi-national environment
  • Experience of working to tight deadlines and capable of working independently

Personal Style – Essential Requirements

  • To be a team player and to help and step in to assist other members of the team when required
  • Good interpersonal and communication skills and able to deal with  various parties both internal and external
  • Organisational skills are key, with an ability to manage workload and to meet all deadlines
  • Demonstrate motivation and ability to learn new applications and processes

Personal Style – Desired Requirements 

  • Ability to work consistently to meet client deadlines

Regulatory Requirements 

  • Complete a minimum of 25 hours CPD training per annum.

Main Job Purpose 

  • Transaction processing
  • Account opening, closing and maintenance
  • To deliver excellent service to a range of fund clients
  • Risk Management

Key Responsibilities

  • Prepare and process trades for a range of complex offshore funds in line with detailed controls and procedures 
  • Prepare and process fund distributions to fund specific deadlines
  • Resolve Client & Investor queries within agreed timeframes
  • Maintain shareholder register and investor files
  • Undertake investor account opening, closing and amendments in line with policies and procedures 
  • Daily reconciliation of cash accounts
  • Prepare audit requests
  • Prepare Fund, Trustee, Client and Internal reporting
  • Work in partnership with the clients to understand fund structures and their specific requirements
  • Assist in the review of system developments, UAT testing and ad hoc projects
  • Resolve client and investor queries within agreed timeframes
  • Prepare and distribute shareholder statements and Investment Management reports
  • Oversee and verify the FATCA and AEOI Investor classification and system set up
  • Provide cover to enable job rotation and training
  • Identify and report issues to the Manager immediately upon discovery

Technical Skills – Desired Requirements 

  • Knowledge of Transfer Agency and industry practice to include Property Funds
  • An understanding of the offshore funds compliance and regulatory regime
  • Excellent knowledge of Microsoft applications including Excel, Word and One Note
  • Experience in using MultiFonds TA or similar platform

Qualifications & Industry Experience – Desired Requirements

  • Computer literacy across a variety of applications
  • An understanding of the features of the different types of fund structures
  • Ability to manage and mitigate risk 

Competencies – Desired Requirements

  • A good team player is essential to be successful in this role.
  • Ability to work well under pressure
  • Excellent self management skills
  • Ability to work on own initiative
  • Excellent written and verbal communication skills
  • Accuracy and attention to detail