Job Description
Full job description
The Senior Fund Accountant - Private Capital plays a critical role in the Private Capital team. Reporting to the Manager of the PERE 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 is responsible for supporting the Manager of the Private Capital delivery of the strategic plan to grow the business and optimize the product offering and related services for all Private Capital Clients. It will include the technical support for all regulatory and statutory change as well as the creation of a new "end to end" operating model for the Private Capital activities, especially for GP (General Partner) Services.
The Senior Fund Accountant for Private Capital will drive and support business change and business improvements process. The role is responsible for review and provides technical support and input for any process re-engineering. They will perform an oversight role for any Private Capital project related activities. The role will cover a transition period where the Senior Fund Accountant is expected to assist the team in building a new services model.
Governance and operational tasks maybe required as the team grow and will include the review and delivery of the following activities:
Oversight and controls for all process, recording and control of capital calls, distributions, subscriptions, redemptions and transfers of shares/units
Verification of collected documents with regards to distribution calculations and any other payments towards investors
Authorisation of and validation of any capital event
Ensure all PERE transactions have been executed on the dedicated platforms
Review and analysis of documents received in relation to any direct or indirect investments before processing/instructing the related payments
Analysis of transactions' counterparts from an AML/KYC/FATCA perspective
Reconciliation of assets and market valuations
Preparation of client reporting on a monthly/quarterly basis
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
Project and restructure work
This role will support the Private Capital Corporate Account Manager to for any on boarding and transitions as well as Year-end and periodic planning processes to ensure a consistent and sustainable operating model.
In addition, the Senior Fund Accountant where required, will actively participate in senior, strategic Client meetings along with the manager/ head of Private Capital, and/or Relationship Management and will provide any input requested for the RFP process for New Business in association with the Sales and Relationship Management team and may represent BNP Paribas' services and product offering as required during the tender and due diligence process. They are subsequently responsible for ensuring the operational implementation of any service delivery changes to meet client needs
Support to Business development activities by:
Assist on the development and implement an initial business plan in line with Global Private Capital model
Provide support to Business Development and Product Management in the implementation of the new target operating model
Support and contribute to the Manager and the Head of Private Capital preparing for services marketing effort, including sales pitch books, marketing material, presentations and event preparations to both asset owners and asset managers
Support the development of Asset Servicing model for the Private Capital services including maintenance of records for Transfer Agencies, General Partner and Fund Managers
Overall administration and governance of the activities for the Private Capital locally and globally
Product & solution development activities will include:
Manage the governance and control for the implementation of the Private Capital Services procedures, checklists and controls for both asset owners and asset managers
Maintain framework and ready to go data to enable support to Product & Solution Management for all Private Capital activities linked to enhance the General Partner services
Coordinate the strategic plan designed by the Head of the Private Capital and provide assistance on the engagement with the Regional (Asia Pac) development and the Global Private Capital committees
Reporting and operational responsibilities will include the following activities:
Oversight of the processing of all Private Capital data and production of outputs to clients in order to maintain high standards of quality and timeliness
Access and validate of documents received in relation to any new direct or indirect investments
Implementation of any service delivery changes to meet client needs
Manage the system upgrade projects and data management for the global change advisory board for the global Private Capital community
INDIVIDUAL LEADERSHIP:
Active participation in senior client and relationship management meetings where required
Management, oversight and controls for all processes related to recording of capital calls, distributions, valuations and secondary purchases/sales
Validation for all activities related to transaction processing and carrying out our 'business as usual' tasks
Operational leadership of change incorporating Client requirements, process reviews and providing technical expertise on process re-engineering
Full service delivery in line with the clients SLA's and internal KPI's
Take charge of onboarding new clients, restructures, product development, statutory and regulatory change
Supporting the overall service delivery via cross-team co-operation
Act as a conduit of change for business, IT and client projects across the organisation
Actively contribute and participate in all Culture and Leadership initiatives
Responsibility for ensuring the education, implementation and compliance with BNP Paribas policies
Ability to adapt to change, and to approach team and organizational changes with an innovative approach
Influencing the desired culture of flexibility, accountability and openness to change and leading by example
CLIENT SERVICE:
First point of contact for all client queries in relation to all aspects of their Private Capital assets
Active participation in senior client meetings as well as technical escalation point for client issues or changes
Governance of Year-End financial reporting to meet specific client SLA terms
Ensure implementation of operational risk and legislative requirements in all output
Work closely with product specialists and portfolio managers to develop and maintain relationships with existing clients and prospects
Client onboarding, preparing client communication material, and responses to RFP's leading to new business generation
COMMERCIAL FOCUS
Analysis, innovation, development and implementation of change and process improvement
Exposure to broad range of investing strategies including Fund of Funds, Direct and Co-Investment, especially within GP Services (General Partners - Fund Managers)
Maintain and monitor the CIB2S Risk Control Framework for the services provided to clients, including formal supervision and working closely with Risk and Compliance, identifying potential risks and developing controls to mitigate them
Through influence and delivery across the business be seen as a Private Capital expert for the Client Delivery team, becoming the go-to person for GP Services
Technical Skills, Qualifications and Experience required for the role:
EXPERIENCE
Extensive experience within the financial services industry (alternative investment preferred)
Proven track record within Fund Administration
Proven change management and process improvement capability, and the ability to create and implement solutions
A strong technical background incorporating aspects of valuation of Private Capital assets, impacts on fund accounting, unit pricing, and reporting
Excellent attention to detail
Competent strategic thinker with the ability to create and implement solutions
Ability to foster and maintain strong interpersonal relationships both internally and externally
The Senior Fund Accountant for Private Capital requires an individual with a strong technical background in Fund Administration incorporating all aspects of valuation of Private Capital assets, unit pricing, tax, accounting and reporting
Previous experience working in similar functions, especially within GP Services is preferred (Alternative Investment Fund Manager, GP, Asset Servicing Company BO)
The candidate needs to understand the role which Investment Administration plays within the broader organisation and thereby understand the bigger picture of impacts and influences Investment Administration have with its stakeholders.
It is important that the candidate is able to respond in professional manner to Clients, BNP Paribas staff, colleagues and executives, ensuring always that the reputation of the department and BNP Paribas is enhanced by their actions.
The candidate will require excellent communication skills both written and oral. This individual should have a strong work ethic and a commitment to excellence in their work.
Business acumen - Identifies potential opportunities to maximise business growth.
Change management - Displays flexibility to change and is open to new ideas. Encourages others to be open to innovation. Values feedback and gives people scope and confidence to generate ideas
Client Focus - Complete commitment to provide professional, insightful and timely responses to our clients' needs and to changes in the market
Collaborative approach - Supports and shows respect for others. Puts people first, and works effectively with individuals, teams and clients.
Impact & influence - Creates a positive and professional impact on others. Exhibits persuasive representation of team and business objectives.
Individual Leadership - Adjusts behavior to accommodate tasks, situations and individuals. Role models the organisational values at all times.
Risk awareness - Adheres to the organisation's processes and procedures. Demonstrates a good understanding of compliance issues and implements work practices that minimise operational and reputational risk
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, ****** 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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The Senior Fund Accountant - Private Capital plays a critical role in the Private Capital team. Reporting to the Manager of the PERE 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 is responsible for supporting the Manager of the Private Capital delivery of the strategic plan to grow the business and optimize the product offering and related services for all Private Capital Clients. It will include the technical support for all regulatory and statutory change as well as the creation of a new "end to end" operating model for the Private Capital activities, especially for GP (General Partner) Services.
The Senior Fund Accountant for Private Capital will drive and support business change and business improvements process. The role is responsible for review and provides technical support and input for any process re-engineering. They will perform an oversight role for any Private Capital project related activities. The role will cover a transition period where the Senior Fund Accountant is expected to assist the team in building a new services model.
Governance and operational tasks maybe required as the team grow and will include the review and delivery of the following activities:
Oversight and controls for all process, recording and control of capital calls, distributions, subscriptions, redemptions and transfers of shares/units
Verification of collected documents with regards to distribution calculations and any other payments towards investors
Authorisation of and validation of any capital event
Ensure all PERE transactions have been executed on the dedicated platforms
Review and analysis of documents received in relation to any direct or indirect investments before processing/instructing the related payments
Analysis of transactions' counterparts from an AML/KYC/FATCA perspective
Reconciliation of assets and market valuations
Preparation of client reporting on a monthly/quarterly basis
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
Project and restructure work
This role will support the Private Capital Corporate Account Manager to for any on boarding and transitions as well as Year-end and periodic planning processes to ensure a consistent and sustainable operating model.
In addition, the Senior Fund Accountant where required, will actively participate in senior, strategic Client meetings along with the manager/ head of Private Capital, and/or Relationship Management and will provide any input requested for the RFP process for New Business in association with the Sales and Relationship Management team and may represent BNP Paribas' services and product offering as required during the tender and due diligence process. They are subsequently responsible for ensuring the operational implementation of any service delivery changes to meet client needs
Support to Business development activities by:
Assist on the development and implement an initial business plan in line with Global Private Capital model
Provide support to Business Development and Product Management in the implementation of the new target operating model
Support and contribute to the Manager and the Head of Private Capital preparing for services marketing effort, including sales pitch books, marketing material, presentations and event preparations to both asset owners and asset managers
Support the development of Asset Servicing model for the Private Capital services including maintenance of records for Transfer Agencies, General Partner and Fund Managers
Overall administration and governance of the activities for the Private Capital locally and globally
Product & solution development activities will include:
Manage the governance and control for the implementation of the Private Capital Services procedures, checklists and controls for both asset owners and asset managers
Maintain framework and ready to go data to enable support to Product & Solution Management for all Private Capital activities linked to enhance the General Partner services
Coordinate the strategic plan designed by the Head of the Private Capital and provide assistance on the engagement with the Regional (Asia Pac) development and the Global Private Capital committees
Reporting and operational responsibilities will include the following activities:
Oversight of the processing of all Private Capital data and production of outputs to clients in order to maintain high standards of quality and timeliness
Access and validate of documents received in relation to any new direct or indirect investments
Implementation of any service delivery changes to meet client needs
Manage the system upgrade projects and data management for the global change advisory board for the global Private Capital community
INDIVIDUAL LEADERSHIP:
Active participation in senior client and relationship management meetings where required
Management, oversight and controls for all processes related to recording of capital calls, distributions, valuations and secondary purchases/sales
Validation for all activities related to transaction processing and carrying out our 'business as usual' tasks
Operational leadership of change incorporating Client requirements, process reviews and providing technical expertise on process re-engineering
Full service delivery in line with the clients SLA's and internal KPI's
Take charge of onboarding new clients, restructures, product development, statutory and regulatory change
Supporting the overall service delivery via cross-team co-operation
Act as a conduit of change for business, IT and client projects across the organisation
Actively contribute and participate in all Culture and Leadership initiatives
Responsibility for ensuring the education, implementation and compliance with BNP Paribas policies
Ability to adapt to change, and to approach team and organizational changes with an innovative approach
Influencing the desired culture of flexibility, accountability and openness to change and leading by example
CLIENT SERVICE:
First point of contact for all client queries in relation to all aspects of their Private Capital assets
Active participation in senior client meetings as well as technical escalation point for client issues or changes
Governance of Year-End financial reporting to meet specific client SLA terms
Ensure implementation of operational risk and legislative requirements in all output
Work closely with product specialists and portfolio managers to develop and maintain relationships with existing clients and prospects
Client onboarding, preparing client communication material, and responses to RFP's leading to new business generation
COMMERCIAL FOCUS
Analysis, innovation, development and implementation of change and process improvement
Exposure to broad range of investing strategies including Fund of Funds, Direct and Co-Investment, especially within GP Services (General Partners - Fund Managers)
Maintain and monitor the CIB2S Risk Control Framework for the services provided to clients, including formal supervision and working closely with Risk and Compliance, identifying potential risks and developing controls to mitigate them
Through influence and delivery across the business be seen as a Private Capital expert for the Client Delivery team, becoming the go-to person for GP Services
Technical Skills, Qualifications and Experience required for the role:
EXPERIENCE
Extensive experience within the financial services industry (alternative investment preferred)
Proven track record within Fund Administration
Proven change management and process improvement capability, and the ability to create and implement solutions
A strong technical background incorporating aspects of valuation of Private Capital assets, impacts on fund accounting, unit pricing, and reporting
Excellent attention to detail
Competent strategic thinker with the ability to create and implement solutions
Ability to foster and maintain strong interpersonal relationships both internally and externally
The Senior Fund Accountant for Private Capital requires an individual with a strong technical background in Fund Administration incorporating all aspects of valuation of Private Capital assets, unit pricing, tax, accounting and reporting
Previous experience working in similar functions, especially within GP Services is preferred (Alternative Investment Fund Manager, GP, Asset Servicing Company BO)
The candidate needs to understand the role which Investment Administration plays within the broader organisation and thereby understand the bigger picture of impacts and influences Investment Administration have with its stakeholders.
It is important that the candidate is able to respond in professional manner to Clients, BNP Paribas staff, colleagues and executives, ensuring always that the reputation of the department and BNP Paribas is enhanced by their actions.
The candidate will require excellent communication skills both written and oral. This individual should have a strong work ethic and a commitment to excellence in their work.
Business acumen - Identifies potential opportunities to maximise business growth.
Change management - Displays flexibility to change and is open to new ideas. Encourages others to be open to innovation. Values feedback and gives people scope and confidence to generate ideas
Client Focus - Complete commitment to provide professional, insightful and timely responses to our clients' needs and to changes in the market
Collaborative approach - Supports and shows respect for others. Puts people first, and works effectively with individuals, teams and clients.
Impact & influence - Creates a positive and professional impact on others. Exhibits persuasive representation of team and business objectives.
Individual Leadership - Adjusts behavior to accommodate tasks, situations and individuals. Role models the organisational values at all times.
Risk awareness - Adheres to the organisation's processes and procedures. Demonstrates a good understanding of compliance issues and implements work practices that minimise operational and reputational risk
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, ****** 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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💡 Quick Summary
Seeking a career-building opportunity? The Senior Fund Accountant - Private Capital position is now open for candidates interested in the Finance sector. This role in Sydney offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Finance is a plus.
