Description
Title: Client Service Supervisor-Alts - MA
Duration: 13 Months
Pay Rate: $27.58 Per Hour
Description:
- 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.
- 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.
Responsibilities:
- 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
Qualification:
- 3 to 5 years of relevant Luxembourg Alternative (PE/RE/debt) funds experience
- University degree (bachelor) in Accounting/Finance
- 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
- Excellent analytical and communication skills
- Be able to work within a team in a fast-moving/changing environment
- 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 Used to work in a regulated environment, regards respecting procedures as a matter of course Relevant IFRS knowledge, Lux Gaap will be considered a distinct advantage
- Experienced in preparation of consolidated IFRS financial statementsKnowledge of alternative fund specific investor reporting standards (eg INREV, ILPA, EVCA) Familiar with Luxembourg statistical/regulatory reporting requirement (CSSF/BCL)Fluency in English is mandatory; German and/or French is an asset
- Communicates Effectively Fosters Team SpiritDemonstrates Trust and RespectIs adaptableTakes Initiative and Resumes ResponsibilityDrives Continues Improvement and InnovationIs technically proficient and knows industryCoaches, Develops and Inspires Others
*In case you feel this position is not a fit, I would really appreciate if you could help by referring any friends/colleagues who might be interested in the above opportunity.*