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 or Assistant Manager

Key Responsibilities 

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

Key Service Delivery

• Provide input to the drafting of Service Level Agreements when on-boarding 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 and/or review 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

• Where 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 and training 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-cultural 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

•  Complete a minimum of 25 hours CPD training per annum