The Senior Fund Accountant is responsible for servicing a portfolio of funds and other structures and will ensure the smooth operation of the structure and that deadlines are met on time.
Operational activities
- Prepare annual IFRS financial statements, cash flows and associated notes for funds.
- Conduct periodic investor reporting, including net asset value (NAV) calculation.
- Review the fund accounting prepared by junior team members.
- Review statutory annual accounts of Luxembourg companies/funds in accordance with Luxembourg GAAP.
- Calculate management fees/equalisation charges, performance fees and loan interest.
- Coordinate year-end audits.
- Review Luxembourg statutory reporting.
- Review bank payments in various banking platforms and ensure necessary supporting documents (including KYC documents) are obtained and attached for an efficient review process.
- Review drawdowns, distributions, calculations, and notices.
- Review Limited Partners registers.
- Calculate carried interest.
- Assist in the billing and debt collection process of assigned clients.
Client Relationship Management
- Manage client relationships, including ongoing multi-channel communication such as face-to-face, telephone and email.
- Pro-actively build strong relationships with clients and other third party service providers (tax advisors and auditors) and act as their first point of contact.
- Persevere with non-responsive clients to find alternative ways of working and solutions to aid the timely delivery of information.
Team Supervision
- Train and coach team members, serving as the primary point of contact for all matters related to core deliverables, escalating issues to line management as necessary.
- Delegate, set precise requirements for each task and monitor timely completion.
- Review all submitted work before sending it to the clients.
- Provide support to more junior team members on more complex transactions.
- Participate in the recruitment process of new team members.
Miscellaneous
- Perform ad hoc tasks on a day-to-day basis.
- Adequately complete and timely submit time sheets.
- Good understanding of Luxembourg GAAP and IFRS. Understanding in US GAAP would be an advantage.
- Good understanding of fund structures in Luxembourg.
- Experience in accounting for Private Equity funds, Holdings Companies or SPVs.
- Knowledge of the regulatory regulations about Alternative funds.
- Understanding VAT and tax returns would be an advantage.
- Problem-solving skills, ability to build strong client relationships and proactive mindset.
- Excellent interpersonal and communication skills.
- Ability to work in a rapidly expanding environment.
- Time planning skills with solid deadline orientation.
- Minimum bachelor’s degree in accounting, finance, or economics with 3-5 years of experience in fund accounting. An accounting qualification, such as an ACCA, would be an asset.
- Fluency in English; professional knowledge of French and/or German is an asset.
