Fund Accounting Manager

We are seeking a highly skilled Fund Accounting Manager to join one of the world's leading international banks at its Luxembourg office. This leadership role oversees a team of four fund accountants and is responsible for the end‑to‑end oversight of accounting activities for a diverse portfolio of Alternative Investment Funds, including private equity, real estate, infrastructure, debt, and hybrid structures.

The ideal candidate brings deep technical accounting expertise, strong people‑management capabilities, and the ability to operate in a fast‑paced, globally connected environment.

Key Responsibilities

• Lead, coach, and develop a team of four fund accountants, ensuring high performance, accuracy, and professional growth.
• Allocate workloads, review deliverables, and oversee adherence to internal controls and regulatory standards.
• Foster a collaborative, high‑integrity work culture aligned with global banking standards.
• Manage the full fund accounting lifecycle for a range of alternative funds, including NAV calculation, journal entries, valuations, expense accruals, and capital activity.
• Review and approve periodic financial statements under Lux GAAP, IFRS, or other applicable frameworks.
• Oversee drawdowns, distributions, waterfall calculations, carried interest models, and partner capital statements.
• Ensure accurate maintenance of fund books and records, including investor reporting packages.
• Ensure compliance with CSSF requirements, AIFMD, and other relevant EU regulations.
• Liaise with internal and external auditors, depositaries, and regulatory bodies during audits and reviews.
• Maintain a strong control environment and contribute to process improvements and policy development.
• Act as the primary point of contact for internal teams (legal, risk, operations) and external stakeholders (clients, administrators, auditors).
• Provide timely responses to investor queries and support client relationship managers with portfolio insights.
• Partner with global teams to harmonize best practices across jurisdictions.
• Review and enhance operational processes to improve efficiency, accuracy, and scalability.
• Support onboarding of new funds, investment structures, and accounting platforms.
• Drive automation and digital initiatives where applicable.

Requiremnts

• 6-10 years of experience in fund accounting with a focus on AIFs.
• Previous experience managing or mentoring a team. Around 2 years ideally.
• Accounting qualification preferred (e.g., ACCA, CPA, CA, DSCG, or equivalent).
• Strong knowledge of Lux GAAP, IFRS, and fund‑industry standards.
• Proficiency with fund accounting systems and advanced Excel skills.
• EU or Luxembourg citizenship (requirement due to regulatory and employment criteria).
• Excellent command of English; additional European languages are a plus.