Job Details: Financial Reporting Oversight Manager
Carne is now recruiting for a Manager in Financial Reporting Oversight as part of the Financial Reporting Oversight team. Ideal candidates will be ambitious professionals who are seeking to build their careers in a dynamic and fast‑growing environment.
Minimum Requirements:
* 5+ years relevant industry experience in a funds service or funds management organization.
* Strong knowledge of funds and/or Management Company activities including UCITS and AIFMD regulations, is preferred.
* A recognised professional or third level qualification, relevant to the role; a qualification in accountancy would be advantageous.
* Ability to assess technical requirements on financial reporting issues and resolve with other stakeholders.
* Prior Financial Reporting experience – in particular, reviews of Fund Financial Statements and knowledge of accounting standards and structures would be advantageous.
* Strong knowledge of IFRS and US GAAP reporting requirements for Funds. Preference for strong knowledge of Lux GAAP, however is not mandatory for the role.
* Proficiency using MS Office applications.
* Knowledge of fund structures, regulatory requirements and regulatory deadlines.
* Knowledge of audit management process.
Responsibilities:
* Monitor draft financial statements completion, oversight of audit process to ensure compliance with Carne’s regulatory obligations.
* Review of interim and year‑end Financial Statements covering a range of structures including UCITS & AIF products, both regulated and unregulated, primarily for funds domiciled in Luxembourg.
* Build relationships with auditors ensuring efficient audit process and escalation of priorities issues to satisfactory closure including both audit queries, audit findings, management letters and/or audit debrief actions, where applicable.
* Engage with Administrators, Investment Managers and Depositaries, as required, as part of the Financial Statements audit or interim reporting process and interact internally with relevant stakeholders to ensure identified issues are addressed.
* Support reporting to internal Management Committee and Board of Directors, as required.
* Participate in the preparation of internal and external reporting to meet regulatory requirements.
* Identify, design and implement procedures as required. Lead change within the team to maintain operational effectiveness.
* Establish and maintain excellent relationships with each of the fund delegates including investment managers, and administrators, to ensure clear lines of communication.
* Adapt to new tasks and processes requiring support from the Team ensuring that they are implemented and continuously performed to the required standards.
* Provide regular feedback to the internal IT Development Team to ensure the on‑going evolution of Carne’s technology platform to meet the growing regulatory reporting requirements of our Clients.
* Foster a positive team ethic and support the development and training of staff, when required.
* Oversight of capital adequacy reporting and related issues.
* People manager with supervisory responsibilities for junior staff– including planning workload and performance management.
* Co‑ordinate/lead team‑based projects and may participate in larger projects, as required.
* Primary escalation contact for financial reporting items for Luxembourg contracted funds.
Competencies:
* Strong numeric and analytical skills with high attention to detail & strong time management abilities.
* Excellent interpersonal and communication skills.
* Willingness to take ownership of problems and initiative to resolve them.
* Exceptional communication skills, both written and verbal.
* Strong organisational and time management abilities.
Who is Carne Group?
Carne Group has established itself in the funds industry with $2tn in AUM supported by 600+ staff and four regulated management companies. Together with a large team of industry specialists, Carne serves more than 650+ traditional and alternative asset management clients from key fund jurisdictions and financial hubs including Ireland, Luxembourg, Zurich, Lisbon, London, New York, Cayman and Channel Islands.
Excellence and innovation are central to Carne’s work and we are committed to attracting and retaining the best talent to deliver an unrivalled service to our clients. Whilst working with Carne, you will be provided with opportunities to develop your skills and experience by working in a dynamic, innovative, and multicultural environment where exciting careers are built.
We love hearing from anyone who is enthusiastic about changing the asset management industry. Not sure if you meet all the requirements? Let us decide! Research shows that members of other under‑represented groups tend not apply to jobs when they think they may not meet every qualification, when in fact, they do! At Carne we are committed to creating a diverse and inclusive environment and strongly encourage you to apply.
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