Skip to main content

Fund Accounting - Private Asset Senior Manager

Posted: 21 Jan 2022 Closes: 20 Feb 2022
Luxembourg Office Competitive
Permanent & Full-time FID_J28155

About the opportunity

Department Description

Luxembourg Fund Accounting consists of 25 members split into the following teams: Daily Nav Signoff, FA Daily Operations, Income Franchise, Financial and Tax reporting, Real Estate/Private Asset Accounting and Operations support and projects.

The team:
  • is responsible for the NAV calculation of Fidelity Luxembourg domiciled funds
  • co-ordinate the production, sign-off and distribution of offshore funds' Net Asset Value
  • review and perform the oversight of outsourced activities
  • coordinate the Audit
  • produce Tax
  • calculate the dividends distribution, forecast distributing share classes' income
  • manage all change projects across Luxembourg Fund accounting (Business projects, Regulatory, Process Improvement, UAT testing co-ordination)

Purpose of the Role

This role will manage financial accounting and reporting for the Private Credit fund. The Senior Manager will be responsible for the outsourced administration with oversight functions and will be responsible for developing and maintaining robust controls and process. The Senior Manager will ensure that fund pricing and financial reporting, including management accounts and financial statements, are produced consistently, on time and to a high standard across all entities.

Key Responsibilities

  • Supporting the onboarding of the Private asset funds; including implementation timelines, structure and project governance
  • Management and oversight of the fund administrators/ SPV external accounting and tax service providers
  • Governance and Oversight of delegates/external administrators: developing checks and controls, ongoing oversight, Due Diligence, set up of legal contract, Key Performance Indicators, criticality & risk assessment...
  • Ability to produce regulatory and statutory requirements and obligations reports
  • Enabler of Board-level governance for FIL's managed funds and companies, which includes:
  • Facilitating Board and Board Committee activities and Board/Board Committee-level decision making
  • Supporting the relevant Conducting Officers in the setting of agendas, co-ordinating and preparing information
  • Organising and attending all relevant Board and Board Committee meetings
  • Preparing minutes of meetings

Experience and Qualifications Required :

* Minimumof 7years' experience of asset management industry especially on Alternative Funds: Private Credit funds; Leveraged loan funds; Direct loan funds. Experience in PERE funds would be an advantage.

* In depth understanding of:
  • Current accounting standards (IFRS and Lux GAAP)
  • accounting for private investment fund activities
  • common fund structures and tax issues
* Strong analytical skills;

* Organised with a structured approach to working across multiple activities

* Oversight and management of third-party fund administrators, accountants, tax advisors etc

* Proactive hands on mentality / can-do attitude

* Excellent communication skills

* Proficient in English (spoken and written)

* Strong problem solving and decision-making skills;

* Good Excel skills and competence with other Microsoft Office applications

About you

About Fidelity International

Fidelity International offers investment solutions and services and retirement expertise to more than 2.56 million customers globally. As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $783.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.

Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

We are committed to being a truly flexible employer, encouraging and trusting our people to perform their role in the way that works best for them, our business, our colleagues and our clients. We offer the maximum possible flexibility over where and when you work for all, considering your role and any local regulations. We call this new approach "dynamic working".

Find out more about what we do, our history, our new approach of "dynamic working" and how you could be a part of our future at

Applying to this Job Role: Please note you are only required to upload your CV/Resume to the application screen.
If you would like help and advice about applying for this role please visit the Career Hive

Share Job

If you would like help and advice about applying for this role please visit the Career Hive