Fund Accountant

CACEIS; London; On-site; GBP 50,000 - 90,000; Full time

Job description

Job Description

CACEIS Bank (CACEIS), the asset servicing owned by Crédit Agricole Group and Santander, is one of Europe’s leading asset servicing providers with over 4,000 employees in eleven countries. The core services of CACEIS include Depositary, Global Custody, Fund Administration and a range of Market Solutions, including FX, Securities Finance and Execution.

CACEIS Bank, UK Branch was established in 2015 and currently employs approx. 120 staff and provides services to Pension Funds and Asset Managers.

UK Branch provides fund accounting services for UK regulated funds and pension schemes. The key functions of NAV production and financial reporting have been outsourced to CACEIS Ireland Limited (UK regulated funds) and the CACEIS Pension Center (pension schemes).

UK Branch remains contractually responsible for the services provided to clients and so the main function is to oversee the activities undertaken by the outsourced entities to ensure outputs are accurate and timely and conform to regulatory requirements.

Some of the main activities include:

Outsourced Services

• Oversee the calculation and accuracy of the NAV
• Oversee other NAV related activities with specific attention to UK requirements and accounting standards
• Oversee the production and quality of financial reporting with specific attention to UK SORP requirements
• Oversee the calculation of distributions and associated figures
• Production of management information
• Trend analysis and assessment of errors
• Ongoing assessment of the effectiveness of the oversight programme
• Training of outsourced providers on UK requirements
• Monitor the knowledge of the outsourced service providers
• Monitor the performance of the outsourced service providers

Clients

• Point of contact for UK clients
• Co-ordination and resolution of clients queries
• Attend client service reviews
• Completion and co-ordination of client due diligence activities
• On-going development of client relationships
• Support the sales process
• Co-ordinate the on-boarding of new clients and fund launches
• Co-ordination of due diligence visits
• Production of management information

Change

• Monitor regulatory change, assessing the impact on systems and services
• Identify risks, taking action to mitigate them
• Co-ordinate client change requests
• Actively drive process improvements
• Production of or input to business requirement documents
• Participate in user acceptance testing where required

Knowledge and experience required

• In depth knowledge and practical experience of fund accounting, financial reporting and distribution requirements for UK regulated fund structures (including taxation calculations and taxation requirements) (ideally 8 - 10 years)
• In depth knowledge and practical experience of fund accounting and financial reporting requirements for UK pension schemes
• Extensive knowledge and practical experience of UK regulatory requirements and accounting standards
• Extensive experiencing of overseeing outsourced & offshored activities
• Strong Client facing and client management experience
• Excellent excel and data processing skills