The Open Ended Fund Accounting (OEFA) department provides fund accounting and administration services to asset managers. This includes statutory and financial statement reporting services for UK Open Ended Investment Companies and Unit Trusts and Luxembourg based SICAV's. In addition, the department also supports our NAV Pricing Team on a daily basis. This role involves leading a team of around 10 staff within the OEFA department with a view to ensuring the successful delivery of reports as set out in our client service level agreements.

Key Responsibilities

• Responsibilities associated with the role are summarised (but not limited to) those listed below:
• Manage a team of around 10 staff including 2-3 Senior Accountants
• Reporting deliverables for c.30 funds in accordance with agreed client service level agreement, associated KPI targets and regulatory requirements
• Review and sign-off of deliverables including:
• Year end and interim financial statements
• Monthly reconciliation control packs
• Management service charge calculations
• Distribution calculations
• Yield calculations
• Trustee packs
• ONS Returns
• Daily income checks
• Cash breaks
• Expense analysis
• Daily people management and planning to ensure KPI and other deliverables are met
• Training and development of team members
• Timely escalation of any issues to Manager
• Corrective and preventative action if deadlines / quality standards are at risk
• Ensure internal team management information is completed on a timely basis
• Resource planning
• Time recording, TOIL management and holiday authorisation
• Communication with Clients, Auditors, Trustees, Custodians and other departments within BNP Paribas Securities Services
• Plan and manage all Client, Audit, Trustee and Regulatory visits
• Work with Manager to continually assess teams processes to improve efficiency and reduce risk or cost
• Error reporting and implementation of preventative actions
• Execution of any change activity including the planning and implementation of fund launches, mergers and liquidations
• Ensure compliance with the Internal Control Framework (Audit Assurance Framework (AAF))
• Ensure all significant activities are documented in procedure notes and these are kept up-to-date and recorded on the procedures note database
• Maintaining training and continuing competency (T&C) for self and review and sign-off for applicable team members
• Recruitment
• Appraisal and performance feedback for all team members (e.g. regular 1-2-1's)
• Manage any ad-hoc projects as agreed with your Manager (e.g. process improvement initiatives)
• A full accountancy qualification (i.e. CA, ACCA, CIMA).
• Experience in related role
• Significant experience in financial services administration and accounting
• Knowledge of the authorised fund SORP (2005) and FSA regulations pertaining to Unit Trusts and Open Ended Investment.

Qual UK - 13 months ago