Finance and Credit Manager

il y a 2 semaines


Luxembourg, Luxembourg Do recruitment advisors Temps plein

Contract Type:

Permanent

Location:

Luxembourg

Salary:

Market related

Start Date:

Reference:

JO

Contact Name:

Anaïs Raso

Job published:

14 February 2023

FINANCE AND CREDIT MANAGER (M/F)


Our client, a deeply established venture capital firm in Europe, is seeking a Finance Manager Credit for a newly created role to support its Venture Credit platform.

Reporting to the CFO, this person will oversee the outsourced fund & loan administration and accounting attached to the Venture Credit strategy.

The position is based in Luxembourg.

THE ROLE:

Fund valuation and reporting

  • Provide guidance and direction to the fund & loan administrator (external provider)
  • Produce monthly and quarterly funds valuation, based on the information provided by the fund administrator & accountant including relevant supporting documentation/ ensure applicable ratios/covenants are monitored
  • Compile, analyze and prepare funds financial data and reporting
  • Ensure a close collaboration with the Portfolio Managers and Investment Advisors

Financial statements

  • Oversee quarterly close process review and approve quarterly financial statements of the entities under his/her supervision (including a reconciliation of stocks)
  • Review semiannual & annual financial statements, liaise, and facilitate the annual audits with the external auditor and provide information for tax preparation annually

Day to day management

  • Monitor the fund's liquidity including preparing borrowing requests and processing paydowns on the credit facility
  • Ensure that cash management of the fund is properly managed and that FX risks are hedged in accordance with the Group internal procedures.
  • Review and complete management fee, other invoices and carried interest waterfall calculations with the fund administrator
  • Review & control investor capital calls and distributions notices prepared by the fund administrator
  • Ensure that the originator investments and divestments (in debt, equity or equitylike instruments) have been duly validated before sending instructions to the fund & loan administrator and depositary.
  • Ensure consistency between the fund administrator and the depositary on all payments
  • Process and manage the reconciliation of invoices
  • Manage bad debts collection files
  • Assist with corporate and regulatory reporting.
  • Check the appropriate expense allocations and budgets between the legal entities under his/her supervision
  • Support the implementation of new tools and solutions to improve productivity

THE CANDIDATE PROFILE:

  • 7 to 10 years' experience with a first experience in a PE fund and ideally 5 years in credit fund accounting
  • Good knowledge of IPEV valuation guidelines
  • Trusted advisor
  • Ability to work efficiently and calmly under pressure
  • Ability to prioritize and manage tight deadlines
  • Excellent relationships skills
  • Team spirit
  • Ability to work autonomously while making regular reporting
  • Fluency in French and English

THE CLIENT:

Our client is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability.
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