Junior Officer – Fund Accounting PE/RE (m/f)

Arendt Services, which is part of Arendt & Medernach, the largest law firm in Luxembourg, is regulated by the Luxembourg supervisory authority (CSSF – Commission de Surveillance du Secteur Financier) and operates under the status of Professional of Financial Sector (“PSF”).

Arendt Services offers a wide range of services, such as domiciliation, corporate secretarial and accounting services, fund services, directorship of companies, tax-compliance services and assistance in the winding-up of companies.

As a result of the continuous increase in our activities in our activities, we are looking for a:

Junior Officer – Fund Accounting PE/RE(m/f)

As a Junior Fund Accountant in the Fund Accounting & Transfer Agency department, your role will encompass all facets of the calculation of net asset values on a variety of complex PERE (Private Equity/Real Estate) funds. This is a challenging and rewarding role which provides exposure to all elements of a PERE fund’s accounting processes and life cycle. Working with other members of the team, your responsibilities will include:

Your role:

• Accounting of PERE funds which hold a diverse portfolio of investments. This involve being responsible for keeping books and records and for timely and accurate recording of transactions;
• Calculation of net asset value of funds on a quarterly/semi-annual and annual basis which will include the preparation of reporting packs under LUXGAAP (some under IFRS or USGAAP);
• Book keeping for complex structures and record filing;
• Reporting to and communicating with investment managers and other relevant parties;
• Assist in the preparation/review of financial statements for audit purposes;
• Liaise with external parties such as Investment Managers, auditors, banks or regulatory bodies;
• Understanding complex fund structures and accounting treatment of the related transactions;
• Taking ownership for all elements of a funds reporting cycle from review and interpretation of fund governing documentation, through to day to day accounting tasks, the production of quarterly/semi-annual reporting and net asset values and annual financial statements;
• Calculation of tax/VAT reporting;
• Preparation of needed reporting (client, BCL, CSSF);
• Ensure adequate and timely responses to clients’ requests.

Your profile:

• You hold an accounting, business or mathematical qualification university with solid knowledge and understanding of accounting principles;
• You have between 1 and 3 years of experience related to PERE funds (preferably within asset management groups in Luxembourg);
• You have a knowledge of the regulations pertaining to Alternative funds such as RAIF and of AIFM regulation;
• You have a knowledge of various accounting standards and principals (LUXGAAP, IFRS, USGAAP);
• You are fluent in English, proficiency in French or German will be considered as an asset;
• You are able to work under pressure to achieve the multiple daily deadlines for client deliverables, with a mature approach;
• You have excellent interpersonal skills for liaising with the Fund Accounting team and other internal Departments and Third Parties;
• You can demonstrate analytical skills.

We offer:

• An entrepreneurial working environment giving priority to team work;
• A multicultural environment where we promote diversity, talent & ideas;
• The ability to work and interact with a wide variety of specialists;
• Internal trainings and career development.

Interested?

If you are interested in this job opportunity, we are looking forward to receiving your application.

All applications will be treated confidentially.

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