Business Implementation

Fund Accounting Specialist

CONTEXT AND CHALLENGES

Within BNP Paribas Luxembourg, Securities Services department, the Client Implementation Project Manager is in charge of ensuring a smooth execution of fund events with all internal and external stakeholders. 

WHAT’S YOUR DAY-TO-DAY MISSION?

The type of events under the responsibility of the Business Implementation Operational Fund Accounting Specialist encompasses - but is not limited to:

•           Creation of new (sub-) funds

•           Migrations In or Out

•           Mergers 

•           Prospectus changes 

•           Liquidations

•           Involved structures can be under various laws (UCITS, UCI part II, SIF, RAIF, ELTIF) and involve both traditional and alternative/hybrid structures

Your Mission

• Act as Subject Matter Expert Fund accounting under the Business Implementation department.
• Cover for all operational Fund Accounting aspects during fund event projects such as new fund launches, fund migration in, merger and liquidation (not exclusive). 
• Define and implement target operating model and NAV timeline as per bank’s standards.
• Instruct all teams involved in Fund Accounting service to ensure operational set up and In/Out flows readiness as per target operating model requirements. 
• Work closely with other members of the ‘project team’ (Transfer Agency, Funds Dealing Services, Depository & Fiduciary Services, Market & Financing Services) ensuring transversal subjects and dependencies on fund accounting are addressed.
• Ensure the ‘client event pipeline’, checklist and project plan are up to date with quality information demonstrating that the project is handled with high risk mitigation. 
• Participate in regular project conference calls/meetings with clients and counterparties as Business Implementation Fund Administration 
• Organise and coordinate the In/Out flow connectivity with the Client and/or delegates, including testing with IT teams to ensure readiness on day one. 
• From a new client, ensure the understanding and the signature of the Fund Accounting Operating Memorandum and other operational documentation with clients. 
• Ensure a seamless transition to ‘business as usual’ mode post event to all Fund accounting and associated teams.
• Actively participate in the continuous improvement of the fund event processes by proposing concrete and pragmatic solutions and leading, as necessary, Post Implementation Reviews.

MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!

Your working environment 

Complete the following sections

• The position, in a team of 11 members actually, is located in Luxembourg. Teleworking and satellite office compatible. 
• You will join a dynamic and diversified transversal team (45+ people) and work in a value-driven environment, where individual needs and team player spirit matter. Business Implementation team gathers end to end project Managers and Operational business project manager. 
• The position is full time. 

Benefits of this position?

By joining Business Implementation Department, you will have the opportunity to discover all the transversal topics on the fund event management with a large number of stakeholders in an international environment. Very broad pallet of topics, tasks with client facing role. 

You will be exposed to other workstreams in Fund industry with a wide variety of internal and external counterparties being part of a project team! 

ARE YOU OUR FUTURE (JOB TITLE)? 

Professional experience and/or degree

In-depth technical and transversal Fund Administration Business Knowledge (5 years minimum experience) in Fund Accounting Operation department or business implementation team (non IT role). Preferably with Multifonds (MFFA) FA Expertise. 

Behavioural skills 

• Ability to collaborate / Teamwork
• Alibity to deliver / Results driven
• Active Listening
• Communication Skills - Oral & Written as client facing role
• Client Focused
• Creativity & Innovation/Problem Solving 

Transversal skills

Be explicit about expected competencies and list them as bullet points, to choose from the list below:

• Ability to understand, explain and support change with a transversal view
• Ability to manage a project
• Ability to develop and adapt a process
• Ability to manage/facilitate a meeting, seminar, committee, training…
• Ability to understand, explain and integrate sustainable development issues into day-to-day work

Technical skills

In-depth and technical Fund Accounting knowledge, with exposure to fund event processes (merger, new fund, new share-classes, …). 

Preferably knowledge of MFFA  

Language skills

Fluent English is mandatory as well as a very good command of French. 

Any other language would be considered an advantage.