Job Description

Who we are looking for

As part of our business expansion in Luxembourg we are looking for an experienced Financial Reporting professional to join the Financial Reporting team. This position has responsibility for the review of Annual and Semi-Annual Financial Statements as well some monthly/quarterly reports for alternative structures (private equity / real estate / debt funds) and hedge funds under Lux GAAP / US GAAP / IFRS.

Under the supervision of the “Unit Head – AIS Financial Reporting”, the Officer will play a key management role when ensuring that quality deliverables are provided to our clients. Such deliverables are compiled by a local team that leverages a delegated service model with part of the functions outsourced to our Hubs (Poland and India). On one side, the Officer will take directions from the senior team members and on the other, the Officer shall guide the Hub Financial Reporting team in accordance with the department and bank strategy.

In close relation with the other Financial Reporting Team Leads, the Officer will ensure that the assigned clients base (incl. the related stakeholders Auditor, Translator, Printer, Regulator, etc.) is serviced according to best practice and market standards. This includes and not limited to, new demands or specific projects are adequately reflected in the overall development queue of the department.

The ideal candidate will have a substantive expertise and knowledge of the alternative funds industry - both technical and operational – with a clear footprint and profound expertise in accounting and financial reporting around these regulated and unregulated structures (Lux GAAP, US GAAP, IFRS, Consolidation).

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ solutions help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As an Officer, you will:

• Plan, schedule, and manage the production of financial statements and daily workflow for multiple alternative investment client relationships and product types.
• Oversight and technical review of financial statements in accordance with relevant GAAP and regulatory requirements for alternative investment structures.
• Primary point of contact for clients with responsibility for implementing and supporting the service requirements of the various client relationships serviced within the group.
• Manage the assigned client relationships and ensure service excellence especially by consistently looking for improvements and alternative solutions that would enhance the existing process chain (automation, set-up, scalability, etc.).
• Research, resolve or escalate issues as applicable.
• Lead and drive the assigned team to service new and existing business demand.
• Take directions from the senior team members regarding e.g., the Branch’s strategy, changes to the regulatory framework and/or any related demands and projects, which will be translated into strong business solutions.
• Set individual and team targets and priorities, conduct performance appraisals and give feedback on individual and team performance (when applicable).
• Maintain and develop technical expertise and participate in training junior staff and new hires.

What we value

• These skills will help you succeed in this role
• Good interpersonal and communication skills,
• Experience in managing people,
• Ability to effectively represent the team to clients and internal stakeholders,
• Client and detail-orientation, reliability and responsiveness,
• Excellent organizational skills,
• Analytical skills.

Education & Preferred Qualifications

• Master/bachelor’s degree in accounting or finance,
• ACCA or equivalent considered as a strong advantage,
• Strong knowledge and experience with Lux GAAP, US GAAP, IFRS, Consolidation requirements.

Work Requirement

• Minimum of 6 to 8 years experience in the funds industry with a strong knowledge of alternative structures (private equity / real estate / debt funds) and hedge funds along with a proven exposure to the financial reporting around these structures.
• Knowledge around regulatory reporting (e.g., BCL and CSSF)
• Knowledge around commercial companies (e.g., annual accounts, eCDF, etc.) is a strong advantage.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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