Senior NAV Oversight Officer – M/W

Société Générale · Luxembourg

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Responsibilities

Mission: The Senior NAV Oversight Officer is responsible for overseeing fund accounting and reporting activities for German investment funds serviced by SGSS under a dedicated Service Level Agreement. The role covers fund unit processing, fund distributions, tax-related activities, annual financial reporting, regulatory reporting (ECB and AWV) and oversight of offshore fund accounting operations to ensure timely and accurate delivery for UCITS and German Special Funds. The position acts as the primary subject matter expert for German fund accounting and reporting activities and serves as the main point of contact for clients, auditors and regulatory authorities. Fluency in German and English is required. Strong knowledge and proffiency in SimCorp Dimension (SCD) tool.

Tasks and responsibilities:

Daily / monthly fund unit activities (subscriptions & redemptions)

• Calculation and booking of subscriptions and redemptions for special funds; instruction to the custodians.

• Fund distribution processing in compliance with the regulations in force

• Responsible for processing and booking of complex fund distributions process

• Considers fund events and their impact on taxation (distribution, merger, tax reopening etc.).

• Produces the analysis of tax calculations (in cooperation with tax service provider)

Production of Annual Accounts (annual legal fund reporting) in compliance with the regulations in force

• Processing of fund events (fund launch, mergers, transfers, liquidations)

• Considers fund events and their impact on annual accounts

Production of ECB & AWV Reporting

• Create monthly ECB & AWV Reporting and provide reporting to authorities (Deutsche Bundesbank)

• Validate correction requests by the authorities and provide corrected reporting if needed

• Review and challenge accounting outputs produced by the offshore fund accounting team

• Perform oversight controls and ensure compliance with internal procedures and client requirements

• Escalate material NAV, accounting or reporting issues where appropriate

• Ensure SLA and KPI targets are met

Key responsibilities

• Communication with clients and other stakeholders to provide timely response to queries and prompt resolution of issues - assists and responds to customers on specific requests

• Coordination of annual audits and periodic reviews with fund auditors

• Contribute to continuous improvement of operational processes

• Periodic review and update of the procedures / creation of new SOPs where needed

• Responsible for coordination with third parties: regulators (BaFin, Bundesbank), certifiers and auditors (PwC & KPMG), data and service providers (WM Daten, ImageFactory, Bundesanzeiger, Fact GmbH, PwC)

• Strong knowledge of operational and regulatory requirements for German investment funds

• Distribution calculation and communication to the relevant authorities

• Contribute to client-related projects and the implementation of new reporting / services to the BAU environment. Manage ad-hoc requests and contribute to special projects, when needed

• 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 where needed.

Profile required

Operational skills 

• Advanced level of German and English

• Basic Level of French

• Strong accounting knowledge, preferably within the investment fund industry

• Strong knowledge of German investment fund products and related operational processes

• Advanced functional knowledge of SimCorp Dimension

• Proficient in Microsoft Office applications (Excel, Outlook, Teams)

• Strong analytical and problem-solving skills with the ability to manage multiple priorities

• Strong understanding of German investment fund regulations (KAGB) and UCITS/AIF structures                      

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

• Result oriented

• Analytical mindset with the ability to synthesize complex information

• People management skills

• Ability to lead and facilitate team-meetings ( Minutes & Operational Logs )

• Ability to interact with outsourced teams ( Oversight Controls )

• Ability to challenge, supervise and coordinate outsourced teams through an effective oversight framework

  
  

• Position not submitted to MIFID 2

Why join us

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.

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).

Business insight

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.

Diversity and Inclusion

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

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