Client Service Supervisor - Alternatives, Fund Accounting
Brown Brothers Harriman
il y a 6j

BBH's Alternative Funds Servicing business, comprised of over USD 200bn across all alternative asset classes (incl. real assets, private equity and hedge fund strategies), continues to experience significant growth.

A critical component of our organization is the provision of services to Real Estate Investment Funds (REIFs). We currently service over 100 Real Estate Investment Funds.

The services provided vary from Accounting, Consolidation, Financial & Regulatory Reporting, Custody, Banking and Transfer Agency Services.

In some instances also Domiciliation and Corporate Secretary services are provided by one of the other Departments within BBH.

REIF servicing started in 2003 with the 1st Fund. In the last 10 years, the department has grown to service over 100 Funds, with a staff of currently 90 employees.

Since 2011, the department is servicing Funds also from the Boston office and since 2012 the department is also supported by our office in Krakow.

The Assets Under Management (AUM) serviced by the Department grew last year to around USD 40 bn.

For our fast growing PE / debt fund arm of the Alternative Funds Services business we are looking for strong Accountants and Financial Reporting experts with respective Luxembourg PE / debt fund industry knowledge and administration experience.

BBH's Alternative Funds Servicing is part of the Investor Services Line of Business, the largest within BBH, with over 3500 employees and AUM of USD 3,3 trillion.

The person filling this position will be responsible for overseeing the stand-alone accounting and respective financial reporting of Luxembourg holding companies being part of Alternative Investment fund structures (Private Equity, Real Estate, debt funds etc.

The quality of the accounting and financial reporting is measured by using key performance indicators and is documented in KPI reports.

On a quarterly basis a transition of the stand-alone accounts (Lux GAAP) to group / fund GAAP (mainly IFRS) needs to be reviewed and correct upload into the consolidation system needs to be ensured.

The person filling this position will need to run consolidations for Real Estate investment funds (REIF) and / or produce error-

free NAVs for Private Equity (PE) and debt fund structures. In addition by each financial year-end fund financial statements according to fund GAAP (mainly IFRS and Lux GAAP) need to be produced.

Key Accountabilities

  • Create / Maintain high quality Private Equity (PE) and Real Estate (RE) Investment fund operating standards, procedures / best praptices and quality controls
  • Ensure efficient operation of daily processing and functions by leveraging a global operating model
  • Overseeing accounting & financial reporting tasks and documenting results by completing KPI reports
  • Advise on workflow improvements
  • Ensure adherence to all established standard procedures, best practices and process controls
  • Managing (remotely) client service deliverables across departments and BBH locations
  • Meeting monthly / quarterly reporting deadlines (reporting packages, Net Asset Value (NAV), financial & regulatory reporting)
  • Monthly / quarterly NAV preparation, including :
  • Cash and portfolio reconciliation
  • Income and expense accruals
  • Partner / shareholder allocation calculation,
  • Financial statements & capital account statements preparation
  • Proper documentation and filing of accounting and reporting matters
  • Coordinate, manage, and monitor external audit process
  • Review PE / RE fund clients partnership agreements, PPMs, and other materials
  • Implementation of PE / RE fund structures on accounting / consolidation systems
  • Proper processing and documentation of ad-hoc events
  • Ensure accuracy, timeliness and completeness of all client related deliverables
  • Qualifications

  • University degree (bachelor) in Accounting / Finance
  • 5 years of relevant Luxembourg Alternative (PE / RE / debt) funds experience
  • Strong aptitude for numbers and figures
  • Communicate professionally, and constructively to effectively address and resolve problems with other sections and departments
  • Ability to work accurately while meeting strict deadlines
  • Used to work in an international environment
  • Servicing clients by leveraging a global operating model
  • Knowledge of and practical experience with general ledger (GL) systems including partnership accounting
  • Experienced in Alternative funds (PE / PE / debt funds) administration
  • Knowledge is required of consolidations, group structures and consolidation systems
  • Relevant IFRS knowledge, Lux Gaap will be considered a distinct advantage
  • Experienced in preparation of consolidated IFRS financial statements
  • Knowledge of alternative fund specific investor reporting standards (e.g. INREV, ILPA, EVCA)
  • Fluency in English is mandatory; German and / or French is an asset
  • What You Can Expect At BBH

    If you join BBH you will find collaborative environment that enables you to step outside your role to add value wherever you can.

    You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself without leaving the firm.

    We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind.

    Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage.

    Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others

    Full timeLuxembourg

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