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The NAV Supervision and Oversight officer validates net asset values, client reporting, monitor the completeness of flows, collects information concerning the audit of funds, management, helps and trains team. As part of oversight and control responsibilities, he/she monitor and review the fund accounting activities performed at offshore center to ensure timely and accurate NAV calculation and reporting. Perform 2nd level of control on NAV deliverables produced by fund accountants to analyze and justify NAV impacts and exceptions. Fluency in English and German language is requirement.
Tasks and responsibilities :
NAV production and oversight
- As part of oversight and control responsibilities, monitor and review the fund accounting activities to ensure timely and accurate NAV calculation and reporting
- Perform 2nd level of control on NAV deliverables produced by the fund accountants to analyze and justify NAV impacts and exceptions
- Control and analysis of fund price confirmations received from respective custodian banks
- Timely and accurate publication of fund prices
- Review and follow up on reconciliations of the fund accounting records with depository and transfer agent
- Responsible for processing and booking of complex target fund distributions and reinvestments for special investment funds and mutual funds
- Processing of fund events (fund launch, mergers, transfers, liquidations)
- Reconciliation of claims from withholding tax payments with custodians
- Implementation of KYC processes for onboarding of new custodians
- Planning, testing and technical implementation of fund events in the Simcorp Dimension system
- Calculation and booking of subscriptions and redemptions for special funds; instruction to the custodians
- Adherence to standard procedures, checklists and controls defined for the process
- Contribute to continuous improvement of operational processes
Expense management
- Creation and modification of fund service charges
- Processing of fund service charge accruals
- Invoice control and payment instruction to custodians
- Control of compliance with relevant "rebate" contracts
Technical support
- Technical support for custodian changes
- Coordination and implementation of system tests in the context of IT and SCD release changes
- Support the implementation of new products and services
Key responsibilities
- Communication with clients and other stakeholders to provide timely response to queries and prompt resolution of issues
- Coordination of annual audits and periodic reviews with fund auditors
- Manage Adhoc requests and contribute to special projects, when needed
- Periodic review and update of the procedures
Et si c’était vous ?
Required profile
Operational skills
• Advanced level of German and English
• Good accounting knowledge
• Good knowledge of activities and investment products related to investment funds
• Good functional knowledge of Simcorp Dimension accounting software
• Good knowledge of MS office applications (Outlook, Excel, Teams, Skype)
Behavioral skills
• Ability to take ownership of tasks and multi-tasking
• Adherence to internal deadlines and appropriate escalation of any issues
• Self driven, proactive and demonstrate strong team spirit
• Ability to lead and facilitate team meetings
• Result oriented
Managerial skills
• Supervision and delegation
• Capacité à motiver et fédérer
• Development of collaborators
• Position non subject to MIF II
Plus qu’un poste, un tremplin
Société Générale Luxembourg is a multi-category bank offering every employee the possibility to have several careers in a professional career path. Internal mobility and training are two core areas we focus on, in a dynamic, prosperous and evolving context.
Pourquoi nous choisir ?
We offer our employees a working environment adapted to the evolution of the business lines; this translates in two key words: remote working & agility (depending on the department).
“Building together, with our clients, a better and sustainable future through responsible and innovative financial solutions”. Our CSR strategy is at the heart of our DNA and the Group wishes to position itself as one of the key players in the fight against climate change by supporting customers in their energy transition. In Luxembourg, our international environment offers us tremendous diversity within our teams, for which we guarantee equal opportunities. Our open-innovation lab #Leplateaulux, in connection with the Luxembourg innovation ecosystem, allows our employees to benefit from proximity with external start-ups and internal project developers.
Société Générale Securities Services (SGSS), the Securities business line of Société Générale Group, is one of the main Administration and Custody actors for mutual funds in Luxembourg. We offer a complete range of services for institutional clients: liquidity management, compensation, depositary and conservation services, funds administration and asset servicing, transfer agent and issuer services.
Our Recruitment process:
The short-listed candidates will be invited to perform a reasoning test, a personality questionnaire and to one or more face to face interviews in order to discuss about their experience, skills and values. In order to finalize the recruitment process, the selected candidate will have to present a certain number of supporting documents before his integration (copy of diplomas, proof of previous jobs, and possibly an extract of the criminal record (bulletin n ° 3 for the Grand Duchy of Luxembourg).
Nous sommes un employeur garantissant l'égalité des chances et nous sommes fiers de faire de la diversité une force pour notre entreprise. Le groupe s’engage à reconnaître et à promouvoir tous les talents, quels que soient leurs croyances, âge, handicap, parentalité, origine ethnique, nationalité, identité de genre, orientation sexuelle, appartenance à une organisation politique, religieuse, syndicale ou à une minorité, ou toute autre caractéristique qui pourrait faire l’objet d’une discrimination.