Fund Accountant Job Id 2025-0007436 Location jobs at Us Bank in Luxembourg, Luxembourg

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Reports To:

Transfer Agency Manager

Investor Onboarding

• assist with the management of the daily operations of the Transfer Agency team
• ensure that all relevant responsibilities are carried out and prioritised in accordance with deadlines
• implement new or enhanced procedures or processes as required in line with updated regulations / client requirements
• maintain oversight and follow up in relation to outstanding matters and escalate as appropriate
• assist with client due diligence visits
• client communication and point of contact for escalation

AML

• provide oversight of new investor account opening to ensure compliance with AML and FATCA/CRS requirements
• assist the Transfer Agency team and provide guidance on AML and FATCA requirements
• act as primary contact for more complex and high risk AML cases for clients and direct/indirect reports
• oversight of the review of AML on a trigger event basis or as part of a cyclical review process
• review AML outstanding on a monthly basis and reporting and escalation of aged items
• carry out remediation of AML documentation where necessary
• responsible for adverse media and PEP screening to ensure alerts are adequately investigated and the rationale for clearing is documented appropriately and on a timely basis
• oversight of transaction monitoring programme and ensure alerts are adequately investigated and the rationale for clearing is documented appropriately
• completion of annual FATCA/CRS filings

Other TA activities

• Processing Capital calls and distributions;
• Processing investors re-balancing/equalisation
• Processing and confirming subscriptions, redemptions, switches and transfers;
• Processing payments;
• Applying the Net Asset Value to investor capital activity for daily / weekly / monthly Funds;
• Reconcile subscription accounts on a daily basis;
• Completing audit requests for investor accounts;
• Assist in the compilation of client Board Reports;
• Act as mentor to Junior Analysts;
• Gain an understanding of incentive fee calculations;
• Adhere to all processing procedures and controls;
• Act as primary contact for both client and investor queries and act as host for client service calls and monthly board calls;
• Ensure client month-end reporting deliverables are being met;
• Gain an understanding of all funds across the team in order to provide coverage when required;

Requirements:

• 3rd level qualification
• minimum of 3-5 years’ experience in Transfer Agency / Onboarding

• extensive knowledge of AML
• excellent organisational skills and a high attention to detail
• excellent PC skills (good knowledge of Microsoft Excel and Word essential)
• self-motivated, innovative and analytical
• ability to work well as part of a team
• excellent client communication skills
• team leadership skills

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Reports To:

Transfer Agency Manager

Responsibilities

• Processing Capital calls and distributions;
• Processing investors re-balancing/equalisation
• Processing and confirming subscriptions, redemptions, switches and transfers;
• Processing payments;
• Applying the Net Asset Value to investor capital activity for daily / weekly / monthly Funds;
• Reconcile subscription accounts on a daily basis;
• Completing audit requests for investor accounts;
• Assist in the compilation of client Board Reports;
• Gain an understanding of incentive fee calculations;
• Adhere to all processing procedures and controls;
• Act as primary contact for both client and investor queries;
• Ensure client month-end reporting deliverables are being met;
• Gain an understanding of all funds across the team in order to provide coverage when required;

Requirements:

• 3rd level qualification
• minimum of 1-3 years’ experience in Transfer Agency / Onboarding

• excellent organisational skills and a high attention to detail
• excellent PC skills (good knowledge of Microsoft Excel and Word essential)
• self-motivated, innovative and analytical
• ability to work well as part of a team
• excellent client communication skills

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• Serve as an initial point of contact for a number of clients.
• Ensure all established fund accounting reconciliation and workflow based procedures and controls are completed accurately and in a timely manner.
• Work with wider team to ensure reconciliations / NAV’s are competed consistent with standard operating procedures.
• Ability to provide hands on cover for all funds within the team when required.
• Assist in the delivery of quarterly/other ad-hoc client reporting requirements.
• Assist in the timely delivery of annual year-end audit and financial reporting requirements.
• Attain working understanding of Private Equity/Debt, Hybrid and Alternatives portfolio investments, most common Luxembourg AIF fund structures and critically impacting the financials of the Fund and its entities under Lux GAAP/IFRS/US GAAP including any related tax considerations.

• A minimum of University Degree in economics, in finance, in accounting, in banking or in business is required.
• Ideally 1-2 years work experience in a role with exposure to facets of data handling/ analysis, numeracy, accounting and finance
• Knowledge and/or experience in Lux GAAP and/or IFRS. US GAAP knowledge and experience is an advantage.
• Knowledge and/or experience of performance fee/waterfall calculations, capital calls and distributions preferred but not essential.
• Knowledge and/or experience of Luxembourg SPV, holding companies and financing vehicles.
• Knowledge and/or fund accounting experience of Luxembourg UCITS funds.
• Knowledge and/or experience of Advent Geneva/World Investor or other leading AIF platforms is an advantage.
• Knowledge and/or experience of Luxembourg SPV, tax and trust environment preferred.
• Strong oral and written communication skills.
• Fluency in English Language (both verbal and written) essential. Any additional language is considered an advantage.
• Individual who takes initiative and ownership of assigned responsibilities.
• Positive ‘can do’ attitude with excellent problem solving skills.
• Detail-oriented.
• Team player.
• Strong organisational and administrative skills.
• Ability to multi-task, prioritise work and manage time to maximise efficiency and to meet strict deadlines.

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