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State Street

Holds assets for institutions and runs index funds

Fund Accounting & Administration - Assistant Vice President

Financial AccountingConfirmed live in the last 24 hours
Full-timeLuxembourgNo salary listedIn-person

About the Job

Requirements

  • Candidates must have a college degree; a degree in business, mathematics, finance, or economics is required, and an accounting degree is strongly preferred.
  • Candidates must have at least 10 years of experience in the financial sector, preferably in Luxembourg private markets.
  • Candidates must have substantial previous fund accounting experience, including managerial experience.
  • Candidates must have a practical understanding of fund accounting systems such as Investran and Geneva.
  • Candidates must have an in-depth understanding of alternative investment products and private-market fund accounting topics.
  • Candidates must have knowledge of regulatory reporting and filings, including RCS, BCL, and CSSF.
  • Candidates must have successfully completed a postgraduate qualification in accounting or be advanced in the process.
  • Previous auditing experience or experience coming directly from business is valued.
  • Candidates should have excellent administrative, organizational, and business-support skills, with the ability to manage priorities and remain calm under pressure.
  • Candidates should have working knowledge of Microsoft Office, including Word, Excel, and PowerPoint.
  • Candidates should have strong written and verbal communication skills.
  • Candidates should have organizational, planning, and coordination skills, and the ability to work accurately to tight deadlines.
  • Candidates should be proactive and able to work independently and as part of a team.
  • Candidates should be solutions-driven and contribute positively to the team.
  • An additional professional qualification such as ACCA or CFA is advantageous.
  • Working experience with different GAAP frameworks, including Luxembourg GAAP, IFRS, and US GAAP, is valued.

Responsibilities

  • Manage day-to-day communications with contacts at several clients, including investment professionals, client personnel, investors, attorneys, auditors, and bankers.
  • Review and understand investment fund legal documents, including partnership allocations and distribution waterfalls.
  • Oversee net asset value processes and review accounting and tax work-paper packages, net asset value packs, financial statements, and other reports and communications for one or more clients.
  • Coordinate and manage annual audits and tax-return preparation with major accounting firms, including negotiating or reviewing fees as necessary.
  • Directly or indirectly manage and supervise subordinate staff at all levels.
  • Coordinate discussions and documentation of portfolio investment valuations with clients as necessary.
  • Ensure that training is developed and implemented for accounting staff and management at all levels.
  • Coordinate and liaise with operating groups, including investor communications, financial reporting, and tax, to support effective communication.
  • Assist with developing and implementing accounting policies and procedures.
  • Review and approve transactions, including money movements and trades, in accordance with established guidelines.
  • Ensure client deadlines are met and regulatory filings, including RCS, BCL, and CSSF filings, are completed.
  • Assist with executing and implementing GAAP and other technical accounting pronouncements as necessary.
  • Coordinate and manage special client and corporate projects.
  • Meet performance-planning requirements, including goal setting, providing regular and immediate feedback, and submitting formal performance appraisals.
  • Represent State Street at periodic client meetings and present and discuss business results and initiatives.
  • Participate in industry-sponsored trade shows, seminars, and other events.

Desired Qualifications

  • An accounting degree is strongly preferred.
  • Previous auditing experience or experience coming directly from business is valued.
  • An additional professional qualification such as ACCA or CFA is advantageous.
  • Working experience with different GAAP frameworks, including Luxembourg GAAP, IFRS, and US GAAP, is valued.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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