Fund Accounting Specialist Fund Accounting Specialist …

M&G plc.
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
Competitive plus benefits
M&G plc.
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
Competitive plus benefits
Posted by:
Posted by:
Recruiter
The purpose of the role is to provide accounting advise and oversight services for M&G Prudential’s fund range. The range includes a variety of UCITS and Non UCITS fund structures.in many jurisdictions of domiciliation and accounting GAAPs including UK GAAP, IFRS and Lux GAAP. The services include oversight third party administrators providing financial statements and other regular financial information; liaison with external auditors; analytical review of financial statements and other regular financial information; and provision of additional financial support in relation to complex transactions and projects including fund launches.

~~Key Responsibilities

• Taking a lead role in the analytical review of Financial Statements prepared by third party administrators including OEIC, Unit Trust, SICAV, ICAV, Investment Trust, QIF, section 110, LP/GP.
• Ensure financial statements are compliant with appropriate accounting standards (e.g. IFRS, UK GAAP, Luxembourg GAAP) and regulatory requirements (e.g. COLL, relevant SORPs, AIFMD, Irish Central Bank, CSSF)
• Liaison with auditors to ensure that the annual audit is properly planned, and carried out efficiently and effectively
• Oversight of controls and procedures at third party administrators to ensure accurate financial information is provided on a timely basis and remediation taken where necessary. Analytical review of other financial information provided by administrators including charges and distributions.
• Preparation and presentation of memos to fund Boards confirming the review of financial statements, providing analysis, and discussing any issues that have arisen during the process
• Take a lead role in the review of quarterly management accounts, and the preparation and presentation of memos to the Boards on the results, including distribution recommendations and cash flow forecasts
• Review of change in regulations and accounting standards and impact on financial statements, and preparation of Board papers discussing these changes where appropriate
• Provision of ad-hoc support to the investment and product teams in relation to significant transactions and projects
• Close liaison with the investment and product teams to remain informed on the funds’ business and operations
• Preparation of accounting papers for complex transactions or new asset classes to ensure correct accounting treatment
• Excel (to advanced level is desirable)
• This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.

Key Knowledge, Skills & Experience:

• ACA/ACCA qualified accountant (or equivalent)
• Strong technical knowledge of Luxembourg GAAP, IFRS, UK GAAP
• Knowledge of IA SORP and AIC SORP
• Good experience of financial statutory accounting
• Good debt securities and derivatives knowledge
• Exposure to institutional and wholesale fund structures
• Self-motivated with a diligent and detailed approach to completing tasks
• Strong analytical skills. Able to understand, question and challenge a range of financial data
• Confidence to communicate effectively with a range of internal and external parties
• Flexible and proactive approach

 

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