- Location
- Luxembourg
- Type
- Full-time
- Department
- Finance
- Seniority
- Manager
- Experience
- 5+ years
Description
Manager - Fund Accounting
Department: Administration
Employment Type: Full Time
Location: Luxembourg
Description
The Manager will work closely with the Director to ensure the smooth operation of the Fund Accounting team daily, overseeing various functions, including client accounting, financial reporting, company secretarial services, governance, and transfer agency operations.
In this role, the candidate will engage with clients at a senior level, providing practical solutions to challenges and proactively ensuring the delivery of high-quality services.
Responsibilities
Operational Activities
- Review annual IFRS financial statements, cash flows, and accompanying notes for funds.
- Review periodic investor reports, including detailed net asset value (NAV) calculations.
- Review statutory annual accounts of Luxembourg companies/funds by Luxembourg GAAP.
- Review the calculation of management fees, equalisation charges, performance fees, and loan interest.
- Coordinate and manage year-end audits to ensure deadlines are met.
Client Relationship Management
- Serve as clients' primary point of contact on all accounting and reporting matters.
- Build strong relationships with clients and external stakeholders, including tax advisors and auditors, to ensure timely and effective service delivery.
- Assist in the billing and debt collection process of assigned clients.
Team Supervision
- Lead and mentor a team of accountants by providing training, coaching, and guidance on complex transactions.
- Allocate and prioritise tasks within the team to ensure deadlines and reporting requirements are met.
- Serve as an escalation point for team members when necessary.
- Conduct regular performance reviews and provide constructive feedback to team members.
- Support recruitment and ongoing professional development efforts to maintain a high-performing, client-focused team.
Compliance and Regulatory Oversight
- Ensure compliance with regulatory requirements, including financial reporting, tax reporting, and other fund-specific obligations.
- Oversee the preparation and filing of necessary regulatory reports, ensuring timeliness and accuracy.
- Manage the tax reporting process, including coordination with tax advisors to ensure proper treatment of fund-related transactions and investor allocations.
Miscellaneous
- Perform ad hoc tasks on a day-to-day basis.
- Continuously evaluate accounting and reporting processes, recommending and implementing improvements to increase efficiency, accuracy, and timeliness.
- Adequately complete and timely submit time sheets.
Key Requirements
- Ability to work independently, taking ownership of operational challenges and decision-making with minimal support from upper management.
- Exceptional verbal and written communication skills to engage with clients, colleagues, and senior management confidently and assertively.
- In-depth knowledge of investment funds, accounting principles, financial reporting standards (e.g., IFRS, GAAP), and regulatory frameworks.
- Ability to analyse issues from multiple perspectives and develop creative solutions that balance technical and operational requirements.
- Capability of managing multiple projects simultaneously while meeting deadlines.
Minimum Education, Qualifications and Working Experience
- Bachelor’s degree in accounting, finance, economics, or a related field.
- An advanced professional qualification (e.g., ACCA, CPA) is strongly preferred.
- At least 5 years of experience in Fund Accounting.
- Fluency in English is required; proficiency in French and/or German is an asset.
Skills
GAAPIFRSComplianceCPA