Assistant Manager - Luxembourg - Waystone Governance Ltd.

Waystone Governance Ltd.

Entreprise vérifiée

Luxembourg

il y a 1 semaine

Posté par:

Jean Schmitz

Recruteur de beBee

Description

New AVP level role open in Luxembourg

All WAYSTONE employees are expected to demonstrate our core competencies as outlined below. The role _Assistant Vice President_
Fund Accounting / PERE has unique requirements and duties; however, these responsibilities are to be executed within the organization's framework of core values. WAYSTONE expects all employees to be high performing, selfmotivated, learners and leaders._

Summary:

Reporting to the Head of Fund Accounting / PERE, the Assistant Vice President - Fund Accounting / PERE will be an integral part of the team's success.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The Assistant Vice President - Fund Accounting / PERE will be responsible the day to day administration of Alternative Funds, SPVs, Holding Companies and GP entities, delivery to clients, and assisting members of the team.

Develop and maintain relationships with the stakeholders of the funds, SPVs, holdings and GP entities
Process capital activity for the funds in the accounting systems, including commitments, subscriptions, capital calls, distributions, drawdowns, redemptions, rebalances and transfers
Liaise with banks, brokers, custodian, depositary and investment manager for the processing of trades, cash transactions, income and expenses on a daily basis
Prepare daily cash, trade and portfolio reconciliations, investigate and resolve any breaks/discrepancies
Prepare funds' net asset value calculations and investor allocations in line with clients' requirements and deadlines
Update and maintain accounting records in accordance to GAAP/IFRS, internal controls and policies
Process bank wire transfers and payments of expenses
Calculate preferred return, waterfall, performance fee, management fee and other expense accruals
Respond to clientspecific requests/inquiries and proactively anticipate client needs
Preparation of financial statements, notes, supporting information and tax schedules, liaising with auditors and ensure the reporting deadlines are met

REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Experience:

Minimum 5 years' previous industry experience with a solid understanding of accounting for Private Equity Funds.
Minimum 2 years' previous managerial experience.
Strong proficiency in the use of Microsoft Office, including Excel, and industry standard accounting software

Education:

A university degree (B.A./ B.Sc./ M.B.A.) in Business (preferably specialising in accountancy or another financialrelated discipline).
Good English level and writing skills; other languages, particularly French would be an advantage.
Understanding of Luxembourg alternative funds structures (Hedge, PERE), holding companies, SPVs, agreements and investment strategies.