Standard / Permanent
The Fund Services team’s main responsibilities include Fund Valuation, Fund Accounting and Reporting and Fund Oversight.
Funds under administration include Real Estate, Listed Debt Funds and Private Wealth Funds.
Main Job Purpose
The primary role is to be responsible for the fund accounting and reporting services of Jersey and Guernsey registered client funds, ensuring that they are fully compliant with the relevant accounting, legal and regulatory requirements.
The jobholder will also be responsible for liaising with the BNPP Fund Valuation, Fund Compliance and Corporate Services teams to ensure that fund accounting and reporting services are carried out efficiently and clients are serviced in line with BNPP methodologies, best practices and management principles.
Preparation and review of Financial Statements under various standards (IFRS, UK GAAP and US GAAP) for multiple private and listed funds, demonstrating a clear understanding of relevant accounting standards and corporate governance codes.
Liaising with relevant stakeholders to collect Financial Statements’ comments, update them through proofing cycles to take it to final sign off by the Board/Trustee with sufficient time to meet regulatory filing deadlines.
Where required or called upon, prepare and control the accurate, efficient and timely delivery of valuation and administration functions and related tasks and reporting requirements.
Where necessary, assist with the timely release of NAV / unit prices to various stock exchanges.
Take ownership of other accounting services and management accounts provided to clients of Funds Services.
Attend client and audit meetings as required in relation to the provision of Financial Statements and manage the liaison with internal and external auditors.
Attend Audit Committee meetings to present interim reviews and annual audited Financial Statements.
Liaise with the Company Secretary, Transfer Agency Team, Compliance, Treasury and Trustee(s) as required in the daily performance of duties.
Assist with the satisfactory completion of any relevant regulatory returns as required.
Assist the Strategic Transaction Team and Onboarding Manager with any new fund launches
Attend client meetings when required in relation to new business and services review of existing relationships.
Review and monitor existing internal controls and business processes, procedures and checklists to maximize efficiency and productivity, ensuring the implementation of appropriate procedures in respect of any new business.
Assist with the drafting of client Service Level Agreements and monitoring of KPIs as required.
Assist with the training of junior accountants as required.
Prepare or authorize clients’ payments/fees.
- Excellent knowledge of accounting requirements for investment companies.
- Sound analytical and problem solving skills.
- Strong understanding of financial reporting standards (IFRS, UK GAAP and US GAAP) for both regulatory and reporting requirements.
- Strong understanding of funds and the relevant legislation and regulations
- Experience within the finance industry with experience in financial and management accounts preparation or valuations in Real Estate, Listed Debt Funds or Private Wealth Funds.
- Professional qualification in ACCA/ ACA or other globally recognised accounting qualification.
- Experience of working to tight deadlines and capable of working independently