FINANCIAL ACCOUNTANT - ASSET MANAGEMENT (M / F)
THE ROLE :
Reporting to the Chief Accounting Officer, the role of the Financial Accountant is to ensure that the asset management fund ranges are appropriately accounted with the books of the company.
This includes ensuring appropriate accruals are made for management fees and related expenses.
The role holder will also be involved in projects, such as new fund launches and other IFRS related changes. The role holder will be required to have oversight over outsourced work and work independently to deliver change in a challenging environment.
He / She will get the opportunity to get to know the financial accounting of various fund ranges within the Asset Management, giving them exposure to different business models and processes.
Principal accountabilities :
Working closely with the operations team to gain insight into the different global fund ranges offered by the Asset Management department.
Understanding of the operational cost budget for the fund ranges. Liaising with the operations team to ensure that the accounting reflects business developments.
Gaining understanding of the different types of fund related expenses and ensuring that expense accruals are done correctly and in line with the budget.
Reviewing invoices and working with the operations team to make any required changes to the budget. Updating / adjusting accruals to reflect invoices received.
Review of management fee calculations, and intercompany payaways for advisory, distribution and administration fees to ensure that the fee calculations and revenues distributed to each AMG site are accurate.
Oversee the posting of all balances into the company ledger.
Preparing analytical reviews of month end results. Ensuring that the results are well understood by operations / business finance counterparts.
Detailed review of balance sheet reconciliations to ensure that each item on the balance sheet is reconciled to supporting documents.
Review of the work performed by the offshore team member.
Responsible for all reporting to the Group team.
Preparation of financial statements which are IFRS compliant and in line asset management industry standards.
Preparation of regulatory returns.
Responsible for the audit process.
Working independently to improve processes and find solutions to problems.
Responsible for maintaining a robust Financial Control function
THE CANDIDATE PROFILE :
Relevant professional accountancy qualification
Experience in asset management, financial services, audit or private wealth management
Knowledge of IFRS
Knowledge of Luxembourg GAAP and regulatory reporting requirements is desirable
Past working experience on relevant systems, Oracle, FTP, TM1, CODA or Saracen / Hyperion is desirable but not essential
Confidence to work independently
Leadership capabilities and ability to have appropriate oversight of offshore team members
Both spoken and written communication skills with experience of adapting your style and approach to the audience and message to be delivered
Fluent English essential, knowledge of French or other European languages would be a definite advantage.
THE CLIENT :
Our client is the Management Company of a prestigious bank.
At the final stages of the recruitment process, the successful candidate can be asked to provide supporting documentation such as, for example, copies of diplomas or proof of previous jobs, and a standard criminal record check might also be requested.