Finance & Controlling Trainee

Job Description:

BNP Paribas Real Estate is an international leading real estate service provider which offers a full range of services that span the entire life cycle of a property: Property Development, Transaction, Consulting, Valuation, Property Management and Investment Management.

BNP Paribas Real Estate Investment Management Luxembourg, the authorized alternative investment fund manager (AIFM) of BNP Paribas Real Estate Investment Management's business line with a focus on administration of Luxembourg funds investing in European Real Estate is looking for a:

FINANCE & CONTROLLING TRAINEE
(6 months, from October/November)
The position is located to Luxembourg with daily contacts with colleagues based abroad.

Ensuring daily accounting tasks:
* Gather all the required data for the booking of accounting entries and the NAV calculation process
* Ensure the daily accounting entries or control the pushed-accounting entries
* Compute fund fees (ie: management, performance..) as well as performing deferred tax calculations and all the necessary calculation for NAV production
* Settlement of purchases and sales of assets, ensuring collection of dividends and interests;
* Reconcile and justify the suspense/sensible accounts
* Keeping accounting records in compliance with BNP REIMs policies and procedures and the accounting framework and standards ( ensuring completeness, integrity, accuracy)
* Ensuring fulfilment of accounting completion checklist

Cash analysis:
* Analysis of daily cash movements (check for any unusual transaction)
* Preparation of payments
* Ensure cash reconciliations

Capital call and distributions:
* Computing the net distributable cash amount based on the validated NAV
* Splitting of distribution/capital call amounts to individual investor and preparing the distribution/capital call notice
* Ensuring the cash movements related to distributions and capital calls and/or units issuance

Tax declaration:
* Preparation of the subscription tax for the Funds
* Assisting Tax department in case of Tax audit or any other tax-related query

Reporting:
* Preparing periodical and annual financial statements as well as investor statements and providing those to the regulatory authorities
* Ensuring financial reporting deadlines in respect of BNPPREIM procedures, of fund documentation and/or regulatory requirements

Other:
* On-boarding of the accounting service providers or local accountant and monitoring of their performance and duties (KPI's…)
* Providing accounting related information to internal or external auditors and managing and coordinate the audit process where applicable
* Providing accounting related information to relevant departments such as but not limited to the Fund Management, Tax, Asset Management…
* Preparation of accounting memos on transactions (sales and purchases)
* Ensure compliance with Back-Offices processes in place
* Work in lean organisation with the other team members (Controller and Senior Controller).
* Participate in ad-hoc projects

Accounting watch:
* Ensuring new accounting standards are implemented in the accounting reporting framework including if necessary request for update accounting IT tools

Your profile
* Bachelor's degree or Master Degree in Accounting or Finance
* Analytical thinking skills
* High affinity for numbers
* Fluent in English
* Very good knowledge of MS Office products, especially Excel