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Trainee - Fund Accounting (H/F)

BNP Paribas Securities Services 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: 

Trainee - Fund Accounting (H/F)

 You must provide an internship agreement covering the entire period of the internship

Ranked as the second largest global fund center, Luxembourg is a preferred jurisdiction 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. It is fully integrated with multiple counterparties (inside and outside the bank): Transfer Agent, Depot bank, Custodian, Management Companies, Brokers, and Auditors…

Advantages of the position

BNP Paribas Securities Services Luxembourg is positioned at the heart of the Luxembourg Fund Industry: Possibility to grow knowledge on all activities related: Custody, Fund Services (TA, FA, FDS.. )

Working in the Fund Administration is a unique opportunity to learn on different domains and develop a career:

-       Capital Market: Understanding financial Products such as Equity, Bond, Listed Derivative, OTC Derivatives in a large range/type of Funds (UCITS, Hedge funds, Alternatives and Raif funds,,).

-        Funds Accounting: Developing various accounting aspects, being expert in management techniques (Pooling, Master-feeder…), using referenced FA systems (Multifond Calculo,), and applying innovative processes (performance fee, Hedging, Swing price..).

-       Working in team :  Managing multiple interactions with clients and their providers  (International Operating Centers,  brokers, Custodians,  … )  and auditors. 

-       Support transformation required for continuous improvement

Mission statement:

The Fund Accountant trainee mission is to assist the accountants in the Daily Net Asset Valuation production of funds in respect with the local GAAP or IFRS, our internal accounting procedures and International Standards such as ISAE3402. You will learn the fund accountant function and the nav production procedures to assist the team members in the funds calculation and additional tasks linked to the production.

The Fund Accountant Trainee is part of the Fund Administration based in Luxembourg. The purpose of the department is to manage external or internal Client’s structure for the execution of the back-office activities including fund accounting and domiciliation, net asset value Calculation, financial reporting, external invoices payment…

The key responsibilities of the Fund Accountant Trainee are : 

Ø Assist the Fund Accountants on Net Asset Value Calculation in respect of our procedures and the ISAE3402 standard:

o   Ensure the Zero Default Quality.

o   Ensure reconciliations are performed (cash, securities, shares in issue) and any difference is explained.

o   Ensure the follow-up of the pending items, and escalate to the management in case of long and/or impacting pending. 

o   Calculate and control the Net Asset Values.

o   Check that the Pricing of the underlying out of tolerance is correct with the usual Pricing Sources.

o   Provide answers when required to any person in charge an action in the NAV Cycle.

o   Respect our clients Net Asset Value publication cut offs.

Ø  Assist in preparing and distributing daily, weekly, and monthly reports for the funds.

Ø  Provide general administrative support, such as scheduling meetings, booking conference rooms, and preparing meeting materials.

Ø  Assist in the review of fund documents, including prospectuses, offering memorandums, and fund agreements 

Ø  Collaborate with other departments within the investment management firm, such as portfolio management and compliance, to gather information and data required for various reports and projects.

Ø  Help in the preparation of regulatory filings and compliance reporting.

Ø  Assist with the management of various operational processes, such as account opening and closing.

Ø  Participate in the testing and implementation of new systems and technologies related to fund accounting operations.

Ø  Assist with ad-hoc projects assigned by the management team.

Your Profile :

Bac +4/5 student

Fluency in French and English, any other language is a plus

The use of English is mandatory especially written.  

- Rigorous, dynamic and motivated candidate with good interpersonal skills

- Demonstrate critical thinking and have good writing skills

Primary Location
Job Type
Education Level
Master Degree or equivalent (> 4 years)
Experience Level
At least 1 year

Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?


  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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