October 21, 2024

Invesco

Luxembourg

FULL TIME

Head of Invesco Private Markets Fund Accounting EMEA

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.

If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!

Job Description

We have an outstanding benefits package which includes:

Company-provided healthcare

A generous annual leave allowance

Flexible working options, including hybrid working arrangements

Generous pension/savings provisions

Income protection

Health and wellness benefits

Volunteering days

Enhanced parental leave

Life insurance

The overall objective of this role is to ensure the seamless delivery of activities associated with Fund Accounting. The Head of IPM Fund Accounting EMEA has responsibility for multiple staff members and is expected to travel to lead this function, communicate strategy and priorities.

This role will be involved in finance activities, with a focus on streamlining accounting and treasury operational processes to enhance efficiencies and manage operational risk.

What we are we looking for:

A successful candidate will be expected to develop relationships with senior business stakeholders, as well as build a broad external network amongst regulators, clients, and industry bodies. This person will be well-positioned for growth opportunities as the Alternatives platform continues to grow with the ever-evolving private markets industry.

Responsibilities include:

Leading the efforts to redesign the operating model to enhance business objectives around performance, productivity, accuracy, risk mitigation and client experience, as well as strengthening fund accounting support and rolling out best-in-class operating metrics to track performance and efficiency of the central administration function. The position requires defining and implementing a clear strategy for continually strengthening the control environment working in close partnership with all functions within IPM as well as Risk, Compliance, and other regional Fund Accounting teams, and ensuring appropriate operational control procedures and workflows are documented and maintained and are executed in accordance with local regulations and business needs.
Oversight of NAV calculations, waterfalls, fees, valuations, investment review, financial reporting, regulatory reporting, fund launches, and management of the operational activities of Fund Accounting, and ensuring that all work is organised and undertaken effectively, and in a timely and accurate manner to comply with statutory and regulatory requirements and internal procedures.
Managing, through Senior Controllers, the external audit process on year-end audits to ensure accuracy and timely delivery of audited financial statements to our clients.
Leading the relationship with key accounting partners and ensure optimal quality of services and competitive pricing arrangements, renegotiating contracts as needed.
Playing a lead role in research and interpretation of GAAP applicable to managed funds. Provide technical and accounting support on all aspects of projects, including work on new launches and takeovers.
Maintaining a thorough understanding of each fund’s/portfolio’s financial positions, business plans, and KPIs and be able to respond to Board Member, Conducting Officer, key internal stakeholders, and client questions where applicable.
Participating in private markets-wide initiatives and integration. This requires the ability to identify and understand process flows, and ability to work with other business areas in determining the appropriate flow and maintenance of data integrity, controls, and efficient automation.
Leading the treasury function and define overall strategy and technology roadmap to best support the business, including, but not limited to, pricing assessment and optimization of cash reserves.
Defining the optimal team setup and composition, determining headcount needs and leading recruitment process for approved positions. Motivate staff and identify educational and growth opportunities. Ensure proper communication to staff regarding changing business and industry needs, and new GAAP and/or regulatory pronouncements.

What you can bring:

Real Estate and/or Private Equity experience
Solid proven relevant experience
Real Estate and/or Private Debt experience
Sound and up to date knowledge of Lux GAAP and International Financial Reporting Standards (IFRS)
Strong financial and analytical skills
Strong leadership and management skills and ability to collaborate across many teams
Experience in operational process management, talent assessment, development and deployment
Expert level of knowledge in communications and proven success interacting with senior management, fund managers and board members
Ability to resolve operational issues and capable of functioning in an entrepreneurial and corporate setting
Good organizational skills with ability to prioritize tasks, and meet deadlines under pressure
Ability to analyze, organize, summarize and articulate complex legal and financial information
Strong control mindset and detail oriented
Ability to take on ad hoc projects as and when required and work independently

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.

If this sounds like you, we’d love to hear from you! We want all of our candidates to shine during the application and selection process, so if you need any adjustments to be made, please send an e-mail to emea-talentacquisition@invesco.com. Please include your name, the job you are interested in, and the type of adjustment you need (for example; breaks during your interview, remote interviews, additional time for assessments or other required adjustments)

We promote a working environment that welcomes everyone and creates inclusive teams, celebrates difference and encourages everyone to be themselves at work.

Our commitment to the community and environmental, social and governance investing:
We partner with charitable organisations globally to make an impact in the communities where we live and work. Our people are encouraged to support the charities they feel most passionate about. We are also committed to environmental, social and governance (ESG) investing. We serve our clients in this space as a trusted partner both on specific responsible investment product strategies as well as part of our commitment to deliver a superior investment experience.

Recruitment Agencies:
Invesco has an in-house recruitment team, which focuses on sourcing great candidates directly. Invesco will not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact hiring managers directly.

Regulatory:
This position may fall in-scope of one or multiple regimes/directives.