Senior Fund Accountant - Private Capital - Associate

BNP Paribas

3mo ago

Applications are closed

Job
Full-time
Senior Level
Banking & Finance
Accounting & Tax
Glasgow

Requirements

Excellent knowledge of US GAAP/UK GAAP/IFRS
Experience within the financial services industry with knowledge of fund accounts preparation (preferable inclusive of private capital funds)
Experience in managing and leading the external audit with minimal client/asset manager input
Ability to draft and agree reporting templates with the client i.e. primary statements, supporting schedules and standard regulatory reporting
Professional qualification in accountancy or significant relevant experience
Good prioritisation & time management 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
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
The ability to manage workload and to meet all deadlines
Demonstrate motivation and ability to learn new applications and processes
Desirable:
Strong working knowledge of various Private Capital fund structures (GP/LP/Feeder) and the accounting required for these structures
Understanding of wider Private Capital industry standards and regulations
Understanding of Luxembourg GAAP requirements
Experience of working to tight deadlines and capable of working independently
Experience of working in a multi- national environment

Responsibilities

Operational Excellence:
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.
Client Focus:
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.
Ensure understanding and compliance with client SLAs and internal delivery deadlines.
Review/assist in planning and preparation of interim and final financial statements
Risk and control:
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.
Support management in ensuring all checklists utilised in review and sign off clearly document controls and are kept up-to-date
Timely escalation of any issues to management
Change
To execute group project opportunities relating to the implementation of new systems or platforms and the appropriate operational procedures.

FAQs

What are the main responsibilities of a Senior Fund Accountant in the Private Capital team?

The main responsibilities include providing fund valuation and financial reporting services to private capital funds, ensuring compliance with fund documentation, client SLA's, legal, and regulatory requirements.

What are the key skills required for a Senior Fund Accountant in this role?

Key skills required include strong fund accounting knowledge, understanding of private capital funds, compliance with legal and regulatory requirements, attention to detail, ability to meet deadlines, and strong communication skills.

How does a Senior Fund Accountant work with auditors and other operational departments?

A Senior Fund Accountant works closely with auditors and other operational departments to deliver accounting information and financial statements for private capital funds. This includes ensuring that all reporting is accurate, transparent, and compliant with regulations.

How does a Senior Fund Accountant ensure that fund accounting & reporting services align with client SLA's?

A Senior Fund Accountant ensures alignment with client SLA's by understanding all internal and external deadlines, following operational policies and procedures, and ensuring that all services are delivered according to agreed-upon standards.

BNP Paribas

The bank for a changing world

Finance

Industry

10,001+

Employees

1848

Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.