INTERN – FUND ACCOUNTING (H/F)
TRAINING 6 MONTHS
CONTEXT AND CHALLENGES
BNP Paribas Luxembourg, Securities Services Branch, a subsidiary of the BNP Paribas group, is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
To support its current growth, BNP Paribas Securities Services is looking for:
An Intern in Fund Accounting for our Fund Administration department.
As one of the largest global fund centers, Luxembourg is a preferred area for institutional and private investors. The Luxembourg Fund Sector is very dynamic, innovative, and well established thanks to its robust regulatory framework.
The Fund Administration has always been and will remain a key pillar of the Fund industry, fully integrated with multiple counterparties (inside and outside the bank): Transfer Agent, Depot bank, Custodian, Management Companies, Brokers, and Auditors…
WHAT’S YOUR DAY-TO-DAY MISSION?
Your missions will be organized around three key pillars:
1. NAV Production & Financial Accounting:
- Assisting in the daily calculation and validation of the Net Asset Value (NAV) for various types of funds (UCITS, SICAV, FCP, etc.).
- Performing reconciliations between bank statements, custodian records, and internal accounting systems (Cash, Positions, and Dividends).
- Monitoring and processing corporate actions (dividends, stock splits, mergers) and their impact on the fund's valuation.
- Ensuring the accuracy of the fund's trial balance and assisting in the preparation of financial statements.
2. Data Integrity & Control:
- Conducting daily checks on pricing and market data to ensure valuation accuracy.
- Identifying and investigating accounting discrepancies or breaks in reconciliations.
- Supporting the implementation of automated tools and process improvements to enhance the efficiency and reliability of the NAV production cycle.
- Assisting in the preparation of audit files and responding to queries from auditors or regulators.
3. Operational Support & Reporting:
- Assisting in the production of periodic reports (monthly/quarterly) for clients and management.
- Supporting the team in troubleshooting operational issues and escalating structural risks to the appropriate stakeholders.
- Participating in transversal projects aimed at optimizing accounting workflows and digital transformation.
MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!
Your working environment:
You will be working in a dynamic and challenging environment with a team of professionals in the Fund Administration Department.
Job location: Luxembourg
Description of the team the employee will be joining: You will be part of the Fund Accounting team, working directly on the production and oversight of fund valuations within the FA Department.
Interactions outside the team: You will interact with other Business/Functions, including Custodians, Depositaries, Brokers, Auditors, and the IOC (International Operations Center).
Position eligible for teleworking and remote site: No, this position is based full-time in our Luxembourg office to foster teamwork and rapid learning.
Training plan: A comprehensive training plan will be provided to ensure your success in this role.
Manager or contact person: The Hiring Manager for this position is Sébastien SCARPINATI as Deputy Team Leader under Fund Administration Luxembourg.
ARE YOU OUR FUTURE COLLABORATOR?
Professional experience and/or degree:
Desired Experience/Degree: Minimum BAC +3/4/5 in Finance, Accounting, Economics, or Business Administration.
Behavioral skills:
We are looking for someone with:
- High level of Rigor and Attention to Detail (crucial for financial accuracy)
- Strong Organisational Skills and ability to meet strict deadlines
- Adaptability in a fast-paced environment
- Problem-solving mindset and Results driven
- Active Listening and Communication Skills (Oral & Written)
Transversal skills:
We are looking for someone with:
- Strong Analytical skills
- Ability to understand complex financial mechanisms
- Ability to work effectively in a team
Technical skills:
- Solid understanding of financial instruments (Equities, Fixed Income, Derivatives, etc.) and the fund industry.
- Strong knowledge of accounting principles.
- Proficiency in MS Office (Advanced Excel is mandatory: VLOOKUP, Pivot Tables, VBA, etc.).
Language skills:
You should be fluent in French and English (both oral and written).
