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 Manager.
Key Responsibilities
- To 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
- To prepare monthly valuations, reconciliations of fund draw downs and distributions, accruals, expenses etc.
- To input double entry bookkeeping to the accounting system
- To assist in the cash reconciliation and management for the Funds
- To prepare drawdown, equalisation and distribution calculations in accordance with the Fund documentation
- To prepare Fund investor capital statements as required
- To prepare Fund and investor IRR calculation as required
- To attend client and audit meetings as required in relation to the provision of Financial
- Statements to investors
- To 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
- To liaise with internal and external auditors and assist with the year-end/interim audit process via a monitored timetable and audit requirement list
- To 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
- To 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-national 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
- Organised. The 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 Requirements
Complete a minimum of 25 hours CPD training per annum
