What is this position about

The Senior Fund Accountant Private Capital plays a critical role in the Private Capital team. Reporting to the Assistant Manager of the Private Capital department, the role provides technical expertise and reviewing function with respect to Private Capital Administration services delivered to the BNP Paribas Client Base.

The role provides operational support and performs production and reviewing function in delivery of the PC team's BAU and reporting activities and will also include the provision of technical expertise for all regulatory / statutory change, the support of business change projects and the review of business improvements processes. In addition, the role will provide technical support and input for any process re-engineering. Finally, this role will perform an oversight / knowledge transfer role for the PC junior associates in the team.

What would be your typical day at BNPP Paribas look like

Primary Role Responsibilities

The operational controls and oversight will include the provision, review and delivery of the following activities:

Processing, record keeping and control of capital calls, distributions, subscriptions, redemptions and transfers of shares/units/ownership interest on the dedicated platform
Perform initial verification of investment‑related documents and ensure completeness before processing payments in relation to any direct or indirect investments
Reconciliation of assets and market valuations
Prepare NAV reports – including preparation and/or review of final trial balances and all underlying portfolio information, fee calculations i.e. management fee and waterfall, accruals and expenses booking to ensure that information is up to date and complete
Preparation of client reporting on a monthly/quarterly/semi-annually/annually basis
Ensure dedicated team's timely payment processing for fund fees and expenses in accordance with internal procedures
Ensure completion of the funds audit accordance with agreed timeframes and timely filing of the regulatory reports as applicable.
Provide guidance to junior team members and assist managers on requests from the quality assurance team, operational risk team, internal audit team requests, ISAE audit team etc.
Prepare, review and present Administrator Reports for presentation at Fund meetings as required.
Assist in the on boarding of new assets including system setup, review of documentation, and liaising with related internal and external counterparties in a timely manner, including fund migrations
Facilitate project and restructure work, lead small scale projects
Analyse transaction counterparts from an AML/KYC/FATCA perspective and ensure compliance with relevant regulations

In addition, the Private Capital fund accountant where required, will actively participate in strategic internal and external meetings along with the rest of the team, and will provide input regarding new business requests. They are subsequently responsible for ensuring the operational implementation of any delivery changes to meet client needs.

Other contributions

Be responsible of the validation for all activities related to transaction processing and carrying out our business as usual tasks
Ensure the full-service delivery in line with client SLA
Support the overall service delivery via cross-team cooperation/communication.
Participate in client and internal meetings where required
Incorporate client requirements and process reviews
Ability to adapt to change, and to approach team and organizational changes with an innovative approach
Address routine client queries in relation to all aspects of their Private Capital assets
Monitor AML/KYC/FATCA controls as part of operational risk
Ensuring implementation of operational risk and legislative requirements in all output

What is required for you to succeed

5-7 years of experience within the financial services industry, private capital experience is preferred
Proven track record within Private Capital Fund Accountant
Proven change management and process improvement capability
Ability to identify process improvements and implement solutions
Ability to foster and maintain strong interpersonal relationships both internally and externally
Senior Fund Accountant for PC requires an individual with technical background in Fund Administration incorporating all aspects of valuation of PC assets, unit pricing, tax, accounting and reporting

About BNP PARIBAS

As the leading European Union bank, and one of the world's largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
BNP Paribas MixCity which fosters better representation of women at all levels of the organization
Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

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Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year

Senior Fund Accountant - Private Capital