October 18, 2024

Gen II Luxembourg Services SARL

Howald

FULL TIME

Supervisor, Risk & Control

Who is Gen II?

Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors with a best-in-class combination of people, process, and technology. Gen II has more than $1 trillion in private fund capital assets under administration and recently acquired Crestbridge to expand operations in the UK and Europe.
With 13 offices and more than 1,700 employees in the U.S., Canada, the UK, and Europe, we’re looking for do-ers, problem-solvers, and entrepreneurs like you who want to make an impact in our industry, grow with us, and create a community where everyone thrives.
Careers mean more at Gen II – more opportunity, more innovation, and more ideas! You’ll have the opportunity to grow in ways that are meaningful to you and work alongside some of the best people in their field. You’ll also receive training which will advance your skill set, both technically and personally allowing you to achieve your career aspirations with us. Be part of our community that recognizes achievements, promotes from within, and receive meaningful benefits which focus on your physical, mental and financial well-being.
www.gen2fund.com
What’s the role?
The role sits within the Risk & Control Department, reporting to the Manager. The main objective of the Risk & Control Department is to work closely with the Client Service Team to maintain Gen II Luxembourg Services reputation (and that of our clients) through the performance of high level, risk-focused reviews on all material investor-facing deliverables in order to reduce the risk of error. The Risk & Control Team also provides guidance on best practices, the application of GAAP, and the interpretation of clients’ governing documents. In addition, the department is accountable to support general Business Control governance, including internal issue management and our ISAE certification reviews.
What you’ll be doing

Manage workflow and coordinate with Client Service Managers / business unit leads on the client activity planning.
Perform independent, high level, risk-focused reviews of all investor facing deliverables: Capital Call allocation and notices, Distribution allocation and notices, Financial Statements, Capital Account Statements, etc.
Oversee new Fund set up, perform deep analysis of fund governing documents and review of client reporting pack and working papers: carry or management fee calculation, preferred return computation, waterfall schedule, IRR, etc.
Follow up with Client Service Managers the resolution of the issues identified during the Quality Control review.
Ensure adherence to policies and procedures, by reviewing the timeliness, accuracy and completeness of the checklists prepared by Client Service Teams.
Provide assistance in ISAE3402 oversight and SOC1 audit coordination.
Provide to Client Service Team technical guidance and advice on best practices.
Document and analyze Quality Control review observations to drive improvement, by providing feedback and organizing trainings to Client Service Team.
Maintain Issue Log and oversee the implementation of corrective measures.
Oversee process & procedure improvements and coordinate annual review process.
Train, coach, and manage team members. Participate in evaluating talent by providing constructive, actionable feedback and performance reviews. Escalate staffing concerns. Participate in hiring processes.

The ideal background for this role:

BAC+3 in accounting, finance or a similar recognized accountancy qualification
7+ years of relevant experience in audit or private equity fund administration in Luxembourg, work experience in one of the Big Four audit firms would be an advantage
Fluent in English (verbal and written communication), any other language is considered an asset
Competency in Microsoft Word, Excel and Outlook, any knowledge of e Front and Intacct would be an advantage
Strong knowledge of Luxembourg corporate laws and structures and specific PERE sector knowledge (e.g. SOPARFI, SICAR, SIF, RAIF, SLP)
Ability to quickly adapt to changes in process and procedures in a rapidly changing environment
Excellent interpersonal and communication skills, including contributing to and being part of a strong team spirit
Strong attention to detail and accuracy
Superior problem solving, judgment and decision-making skills
Ability to think independently, prioritize, multi-task and meet deadlines
Ability to work in team and autonomously, taking full ownership of assigned responsibilities
Strong management and organisational skills complemented by a “can do” attitude
Lead by example and demonstrate firm values
Result-orientated with a sense of responsibility and commitment to delivering quality work

Role Location/Hybrid Schedule
This role can be based in our Luxembourg office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working. The different ways in which Agile Working can be undertaken is dependent on the demands and needs of the business, the office space available and the individual’s preferences and circumstances.