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- Tasks: Join a dynamic team managing CLOs and closed-ended funds, ensuring accurate reporting and compliance.
- Company: RBC BlueBay Asset Management, a leader in financial services with a collaborative culture.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training opportunities.
- Other info: Opportunity for career growth in a high-performing team at a prestigious firm.
- Why this job: Make a real impact in asset management while developing your skills in a supportive environment.
- Qualifications: Qualified accountant with strong experience in asset management and CLO knowledge.
The predicted salary is between 80000 - 100000 £ per year.
This experienced Fund Accountant (FA) role adds value to the RBC BlueBay FA department with specialist knowledge of Collateralised Loan Obligations (CLOs) and closed-ended funds and is a key control function for the firm. The position is the number 2 in the CLO and Closed-Ended team and will be expected to provide cover for the team Director from time to time. This is a permanent, full-time role and requires 4 days in the office at our 100 Bishopsgate, London location.
What will you do?
- Reconcile monthly CLO investor reporting with the administrator.
- Review of CLO waterfalls on a quarterly basis.
- Manage CLO issuance process with arranging bank and administrator.
- Preparation of CLO trial balances to assist with consolidation by the parent.
- Ensure that management and performance fees are correctly calculated and charged to the funds on a timely basis.
- Review closed ended performance fee/carried interest structures and catch-up calculations.
- Review quarterly NAVs and client statements for closed ended GP/LP structures.
- Oversee subsequent close equalisation adjustments for closed ended funds.
- Pro-active monitoring of available cash balance on CLO warehouses and closed ended funds to ensure adequate cash is available to settle trades.
- Co-ordinate and review capital call and distribution notices for closed ended funds.
- Understanding the products in the relevant funds and coordinating the production of monthly or quarterly NAVs by reconciling RBC BlueBay's Fund valuations with the administrators.
- Adhering to RBC BlueBay's Pricing and Valuation Policy; investigating and resolving valuation issues, significant price fluctuations, cash breaks and trade capture issues and responding to ad-hoc queries from administrators.
- Liaise with external auditors as and when required.
- Ensure that accurate and timely reporting from Fund Accounting is provided to both internal and external recipients.
- Assist with periodic reporting submissions to Fund regulators.
- Participating in ad hoc projects and process improvement initiatives.
What do you need to succeed?
- Must-have: Qualified accountant (ACA, ACCA, CIMA).
- Strong and demonstrable experience within industry PQE.
- Prior asset management knowledge required.
- Possess specialist CLO knowledge gained from prior work experience of CLOs - warehouses, quarterly investor reports and associated collateral tests, IRR calculations, waterfalls, issuance Flow of Funds, re-financings.
- Possess specialist Closed Ended Fund knowledge gained from prior work experience of closed ended GP/LP fund structures including subsequent close equalisation, performance fee catch-up mechanisms, capital calls/distributions and carried interest calculations.
- Ability to work independently and prioritise own tasks.
- Sets high standards of performance for self and strives to meet challenging objectives.
- Acts with integrity and within both the spirit and the letter of RBC BlueBay's principles, policies and procedures.
- Considers own role within the commercial context and focuses on the client.
- Respects obligations to internal and external clients and investors and treats clients fairly.
- Seeks out insightful, smart ideas to raise personal and team standards.
- Demonstrates the ability to think creatively to find solutions.
- Responds quickly and positively to change and maintains effectiveness when experiencing change.
- Invests time in learning new skills and gaining new experiences.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- A world-class training program in financial services.
Associate Director (VP-level), CLO / Closed Ended Fund Accountant, RBC BlueBay Asset Management (Lon employer: Royal Bank of Canada
Contact Detail:
Royal Bank of Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Director (VP-level), CLO / Closed Ended Fund Accountant, RBC BlueBay Asset Management (Lon
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and asset management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at RBC BlueBay!
✨Tip Number 2
Prepare for interviews by brushing up on your CLO and closed-ended fund knowledge. Make sure you can discuss your experience with investor reporting and performance fee structures confidently. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. It shows you’re genuinely interested in the role and appreciate the opportunity to chat.
✨Tip Number 4
Apply through our website for the best chance of landing that Associate Director role. We love seeing candidates who take the initiative to engage directly with us. Plus, it’s a great way to stay updated on any new opportunities that pop up!
We think you need these skills to ace Associate Director (VP-level), CLO / Closed Ended Fund Accountant, RBC BlueBay Asset Management (Lon
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience with CLOs and closed-ended funds. We want to see how your skills match the specific requirements of the role, so don’t hold back on showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Associate Director role. Share your passion for asset management and how your background aligns with our needs at RBC BlueBay.
Showcase Your Qualifications: Don’t forget to mention your qualifications like ACA, ACCA, or CIMA. We’re looking for someone with strong industry experience, so make sure to highlight your credentials and any relevant training that sets you apart.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Royal Bank of Canada
✨Know Your CLOs and Closed-Ended Funds
Make sure you brush up on your knowledge of Collateralised Loan Obligations and closed-ended fund structures. Be ready to discuss specific examples from your past experience, especially around investor reporting, waterfalls, and performance fee calculations. This will show that you’re not just familiar with the terms but can apply them in real-world scenarios.
✨Demonstrate Your Problem-Solving Skills
Prepare to share instances where you've tackled complex issues, like valuation discrepancies or cash flow management. Highlight how you approached these challenges creatively and what the outcomes were. This will illustrate your ability to think on your feet and adapt to changing situations, which is crucial for this role.
✨Showcase Your Team Leadership Potential
Since this role involves covering for the team Director, it’s important to convey your leadership skills. Think of examples where you’ve led a project or mentored colleagues. Discuss how you set high standards and motivated others to achieve their best, aligning with RBC BlueBay's principles.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, ongoing projects, or the company’s approach to process improvements. This not only shows your genuine interest in the role but also demonstrates your proactive mindset and desire to contribute positively to the team.