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.

KEY RESPONSABILITIES:

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.

ADDITIONAL JOB REQUIREMENTS

Essential Requirements

• An excellent working knowledge of various Private Capital Fund Structures (GP/LP/Feeder) an the accounting required for these structures.
• Excellent knowledge of US GAAP/UK.
• 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.

Desired Requirements 

• Good working knowledge of Microsoft Office package with emphasis on Excel and Word.
• 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. 

Desired Requirements 

• Experience of working in a multinational 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.

Desired Requirements 

• Ability to work consistently to meet client deadlines.

REGUATORY REQUIREMENTS

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

MANAGER CONDUCT RESPONSABILITIES

In a controlled risk environment and in alignment with the global strategy, managers must ensure full compliance with Conduct policies:

• Ensure Conduct governance is fully operational, as per standard guidelines: Conduct is a standard item at the agenda of management or team meetings, Conduct dilemma are well managed and documented, the escalation process is in place, Conduct responsibilities are delegated throughout the perimeter in charge.
• Be aware of the Conduct risks arising in the perimeter in charge and make sure that appropriate mitigating processes and controls are in place.
• Ensure Conduct principles are fully embedded in processes including people 
   management processes (appraisal, promotion, mobility, recruitment, ...).

• Develop understanding of Conduct principles by ensuring staff participation to awareness & training sessions.