This is an exciting opportunity to be involved in the established Luxembourg entity and become a key member of our team further developing the business. The role sits within the Depositary Team and reporting to a Depositary Manager or Senior Manager.
As a Senior Officer, you will be mainly focused on the “day-to-day” tasks. Depending on the background and experience, you will be allocated to cash flow monitoring, assets record-keeping and ownership verification reconciliation responsibilities, as well as carry out oversight duties related to valuation, income distributions, investment restriction controls monitoring, and transfer agency activities. You will be delivering the different reports, escalating issues, providing and preparing the checklists when the tasks are done. You will support the onboarding activities of new clients and funds, as well as present Depositary updates to clients, AIFMs, and Fund Management Bodies. If you're driven to make an impact and ready to be part of a diverse team experiencing dynamic growth, we want to hear from you.
EXAMPLE YEAR ONE OBJECTIVES
- Contribute to the Group strategy and business growth
- Build the required knowledge to conduct the tasks and controls
- Work with clients and the business to ensure timely delivery of day to day responsibilities
- Annual review of process and procedures to improve business efficiency
- Work with clients, auditors, fund managers and the business to ensure timely delivery of day to day responsibilities
SPECIFIC RESPONSIBILITIES
- Support the on-boarding of new depositary clients/mandates by delivering risk assessment reports (when starting a new relation);
- Maintain the due diligence calendar up to date and support the risk assessment (risk rating) process;
- Review questionnaire responses, ISAE/SOC reports and other relevant documentation provided by external parties involved;
- Provide regular feedback on the results of the due diligence activities to the Management of the Depositary Services in order to initiate the regulatory required escalation process to the AIFM;
- Perform daily tasks like Cash Flow Monitoring and transaction follow-up;
- Monitor the reports from Fund Accounting, AIFM and 3rd parties (assist in the oversight of the different service providers of the funds);
- Reconcile portfolios of assets and take part of the audit of funds by answering the fund auditors;
- Ensure completeness of tasks by end of the day and report directly to the Manager of the team.
JOB REQUIREMENTS AND EDUCATION
- Holding a Bachelor degree in Accounting/Finance/Economics/Business Administration. A Masters degree is considered a plus.
- Proven experience of minimum 5 years ideally in another Depositary, fund accounting firm, an audit company or any relevant entity servicing funds in the E.U.
SKILLS AND COMPETENCIES
- Fluency in English, any other language is considered as an asset
- Excellent interpersonal and communication skills, including contributing to and being part of a strong team spirit
- Client-oriented with ability to build strong relationships with internal and external parties
- Ability to work autonomously, taking full ownership of assigned responsibilities with a commitment to delivering high quality work
- Excellent organizational skills complemented by a “can do” attitude
- Ability to meet tight deadlines and to work under pressure
- Ability to analyse and apply a large volume of technical data, and translate into simple language for a non-specialist audience
Skills Required
- Bachelor’s degree in Accounting, Finance, Economics, or Business Administration
- Minimum five years of experience, ideally in a depositary, fund accounting firm, audit company, or relevant fund-servicing entity in the European Union
- Fluency in English
- Excellent interpersonal and communication skills
- Ability to build strong relationships with internal and external parties
- Ability to work autonomously and take ownership of assigned responsibilities
- Excellent organizational skills and ability to meet tight deadlines
- Ability to analyze and interpret large volumes of technical data
- Master’s degree
- Additional language proficiency
Gen II Fund Services Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Gen II Fund Services and has not been reviewed or approved by Gen II Fund Services.
-
Retirement Support — A 401(k) with a company match is available in the U.S., with vesting commonly mentioned around three years and the plan described as doing very well. These features position retirement savings as a strong element of the package.
-
Flexible Benefits — A formal 3/2/1 hybrid model (three days WFH, two in office, and up to one month remote annually) is prominently offered. This flexibility is highlighted as a valuable benefit.
-
Parental & Family Support — Parental leave was recently added or expanded, indicating momentum in family-support policies. This signals attention to life-stage needs alongside core coverage.
Gen II Fund Services Insights
What We Do
Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors. Since its inception in 2009, the company has become one of the largest independent private capital fund administrators, with more than $1 trillion of private fund capital under administration. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling GPs to manage their operational infrastructure, financial reporting, and investor communications most effectively. For more information, please visit gen2fund.com. Privacy Policy: www.gen2fund.com/privacy-policy
