BNP Paribas CIB, 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 CIB is looking for a:
Portfolio Accounting (PA) Officer(M/F)
CDI
Your mission
➢ The PA Officer will be mainly involved in portfolio recordkeeping of complex private debt funds. His main missions are :
1. The Record Keeping of each portfolio transaction into the eFront software, mainly for private debt instruments, equity and intercompany loan assets.
2. The Ownership Verification of Intercompany Loans.
3. Perform all internal controls to ensure completeness, accuracy, reconciliation and proper allocation related to portfolio transactions.
4. Oversight of delegated activities in the context of the applicable operational model
5. Involvement in continuous improvements of current operational processes, in order to reach high automation and overall efficiency of day to day activity.
Key Responsibilities & Expected result area
- Review and analysis of documents received in relation to any direct or indirect investments
- Reconciliation of portfolio transactions with cash movements
- Booking of all portfolio transactions into the eFront software and ensuring mandatory static data is correctly completed
- Supervision, including control of bank accounts of intermediary holding companies, local SPV and underlying, such as unquoted companies
- Production of periodical internal controls and reconciliation reports all portfolio related
- Reconciliation of portfolio positions with external documentation/confirmations
- Assistance in external audits
- Make sure that checklists and /or controls are completed on time, exhaustively and double-checked before providing the output to other teams or client.
- Ensure current procedures are in line with applicable regulations and client LPA/PPM.
- Collaboration/Coordination with internal and external counterparties (Fund accounting, transfer agent, Loan Admin, Middle Office, client, auditors etc…)
- Follow-up of the incidents (if any) until full completion of corrective and preventive measures.
- Help in the production of KPIs.
- Perform proper escalation (internally or externally) when needed
- Participate to the review an improvement of team procedures and checklists.
- Involved in department projects related to overall improvement of operational processes
- Provide client service & support for BAU and ongoing operational issues.
- Keep oneself up to date with applicable best practices
Benefits of this position
By joining this evolving team, you will be given a broad scope of responsibilities that directly impact the operations of BNP Paribas CIB’s Private Capital clients. You will also be fully involved in the development of the new services BNP Paribas CIB is developing and implementing. You will be able to use your communication skills to maintain a good relationship with all the stakeholders.
Working environment
You will be joining a young, diverse, and international team of professionals dedicated to constantly innovating the services provided to Private Capital Clients.
Your profile
Dynamic professional with experience in the business of Private Capital in Luxembourg who is passionate about innovating and improving existing processes.
Education:
Master’s Degree (>=5 years)
Professional Experience:
At least 2 years as a Fund Controller, Portfolio Administrator in a Management Company or as Auditor.
Behavioural Skills:
Ability to collaborate / Teamwork
Decision Making
Personal Impact / ability to influence
Attention to detail / rigor
Organizational skills
Adaptability
Ability to deliver / Results driven
Active listening
Communication skills - oral & written
Client focused
Ability to share / pass on knowledge
Critical thinking
Ability to synthetize / simplify
Creativity & Innovation / Problem solving
Resilience
Proactivity
Transversal Skills :
Ability to understand, explain and support change
Analytical approach to projects
Project management
Ability to develop and adapt a process
Ability to anticipate business / strategic evolution
Ability to inspire others & generate people’s commitment
Ability to develop others & improve their skills
Technical Skills :
Excellent understanding of Private Capital Funds services in Luxembourg
Expertise in Private Debt Funds flows
Knowledge of FIA (Front Invest Alternative) software
Language Skills:
Fluent in English and French; German/other languages will be considered as an asset
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.
