THIS JOB IS BASED IN LUXEMBOURG THE ROLE This is an exciting opportunity to be involved in the newly established Luxembourg entity and be part of the team further developing the business.
detailed monitoring of operational output to produce a high quality service delivery, coaching team members to support their personal training needs and working closely with the Assistant Manager to support technical and organizational tasks of the department.
SPECIFIC RESPONSIBILITIES : Perform and / or review daily cash reconciliations, ensuring transactions are settled in a timely manner Book and / or review daily transactions in the internal accounting system within agreed portfolio timescales Daily cash management Monitor and manage outstanding / overdue payments Ensure all supporting documentation is received and filed as per internal procedures Prepare, book and send capital calls and distributions to investors (including the preparation of legal documentation) or review them when performed by Analysts or Officers Review the processing of capital calls and distributions received from target investments Review the processing of target NAVs of FoF Prepare and review quarterly and half-yearly investor reporting Analyze and record target NAV packages for direct deals received by the Client Prepare and review annual, semi-annual and quarterly closing activities : prepare the NAV in accordance with waterfall models, including reconciliation of balance sheet and P&L accounts Prepare annual accounts for complex funds including relevant required disclosures and ensure that all local regulatory and accounting standards are met.
Prepare any required adjustments between Luxembourg GAAP and IFRS or US GAAP Closely follow year-end audits, prepare relevant files and issue resolution Liaise with external providers to provide documents supporting the preparation of tax returns (CIT, MBT, NTW and VAT) Prepare the consolidation package for client group reporting Provide any information requested by internal teams or clients promptly and smoothly Other day-to-day administrative tasks as required Actively participate in process improvement and department projects Follow-up on tasks performed by Analysts and Officers Ensure Gen II Luxembourg Services best practices and key policies are applied, and any significant issues are brought to the mangers attention REQUIRED SKILLS AND EDUCATION BAC+3 in accounting, finance or a similar recognized accountancy qualification Good knowledge of Luxembourg corporate laws and structures, any specific PERE sector knowledge (e.
g. SOPARFI, SICAR, SIF, RAIF, SLP) is considered an asset Fluent in English (verbal and written communication), any other language is considered an asset Competency in Microsoft Word, Excel and Outlook, knowledge of eFront would be an advantage REQUIRED COMPETENCIES Ability to quickly adapt to changes in process and procedures in a rapidly changing environment Excellent interpersonal and communication skills, including contributing to and being part of a strong team spirit Result-orientated with a sense of responsibility and commitment to delivering quality work Ability to work autonomously, taking full ownership of assigned responsibilities Excellent organizational skills complemented by a can do attitude Lead by example and demonstrate firm values THE COMPANY Gen II Fund Services is one of the largest global independent private equity fund administrators covering $350 billion of private capital on behalf of its clients.
The business has over 500 employees with offices in New York, Stanford, Boston, San Francisco in the United States and now a European base through the Luxembourg office.
The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail and managed accounts.
THE LUXEMBOURG BUSINESS In December 2019 Gen II completed the acquisition of Quilvest Luxembourg Services, with Quilvest Private Equity remaining as a client of the newly established Gen II Luxembourg Services.
The business offers Private Equity and Real Estate administration services, supporting over $5 Billion of assets and providing Gen II US clients with the capability to have a Luxembourg base of operations and trusted partner in Europe.