Fund Accounting & Administration, Assistant Vice President

About the role

State Street is looking for a Fund Accounting & Administration Assistant Vice President in Luxembourg, reporting directly to the Fund Accounting & Administration Vice President. The role sits in the Private Equity Fund Services Business Unit of the Alternative Investment Solutions Group and manages client relationships and directs the overall accounting and administration for several client-sponsored funds. It involves strong interpersonal and communication skills, initiative and the ability to handle multiple assignments under pressure.

Key responsibilities

• Manage day-to-day communications with clients' investment professionals, investors, attorneys, auditors, bankers and others.
• Review investment fund legal documents, including partnership allocations and distribution waterfalls.
• Oversee NAV, review accounting and tax work papers, NAV packs, financial statements and reports for one or more clients.
• Coordinate annual audits and tax returns with Big 4 firms, including fee negotiation or review.
• Supervise subordinate staff and coordinate portfolio valuation discussions with clients.
• Develop and implement training for accounting staff and management, and liaise with investor communications, financial reporting and tax groups.
• Help develop accounting policies and procedures, and review and approve transactions in line with guidelines.
• Ensure client deadlines are met and regulatory filings (RCS, BCL, CSSF) are completed.
• Assist with GAAP and other technical accounting pronouncements, manage special client and corporate projects, and represent State Street at client meetings and industry events.
• Take part in performance planning, including goal setting, feedback and formal appraisals.

Required profile

• College degree (accounting strongly preferred; business, mathematics, finance or economics required).
• At least 10 years of experience in the financial sector, preferably in Luxembourg private markets.
• Substantially completed postgraduate qualification in accounting or advanced in a process.
• Previous fund accounting experience, including managerial experience, and auditing experience or direct entry from business.
• Preferred: ACCA or CFA qualification and working experience of Lux GAAP, IFRS and US GAAP.

Required skills

• Experience with fund accounting systems such as Investran or Geneva.
• Deep understanding of alternative investment products and fund accounting in private markets.
• Knowledge of regulatory reporting and filing (RCS, BCL, CSSF).
• Excellent administrative, organisational and communication skills, with strong MS Office (Word, Excel, PowerPoint) and accuracy under tight deadlines.