We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.  We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms. 

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.                       

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 

We’re driven by our Group purpose, to power people and possibilities.

The Senior Fund Accountant is responsible for the oversight and delivery of fund accounting services for a portfolio of closed‑ended Private Equity structures domiciled in Luxembourg. The role focuses on technical fund accounting, NAV oversight, review of complex transactions and financial statements, and close interaction with clients, auditors, and internal teams.

The position requires strong technical expertise in Luxembourg GAAP, a solid understanding of Luxembourg fund laws and structures (RAIF, SIF, SICAV‑SCA, SCSp, SARLs holding structures), and hands‑on experience with closed‑ended private equity fund mechanics.

What you'll do

Tasks

Fund Accounting & NAV Oversight

• Act as the primary reviewer and controller for NAV calculations across a portfolio of closed‑ended funds, including feeder/master and SPV structures.
• Review complex accounting areas, including excused investors, distribution waterfall mechanisms, carried interest, equalisation amongst others
• Ensure NAVs are prepared in accordance with applicable accounting standard (Luxembourg GAAP/IFRS), fund documentation, and agreed accounting policies.
• Review, challenge and approve NAVs, investor reporting, and supporting workpapers.

Financial Statements & Audit Coordination

• Review annual and interim financial statements under Lux GAAP and IFRS where applicable.
• Ensure consistency between NAVs, financial statements, and underlying accounting records.
• Act as the main point of contact for external auditors during interim and year‑end audits.
• Prepare and review responses to audit queries, including technical accounting positions and judgmental areas.
• Contribute to drafting and reviewing accounting policies and disclosure notes.

Client & Stakeholder Management

• Serve as a key contact for clients, investment managers, and other stakeholders.

• Explain complex accounting topics (unrealised FX movements, reinvestment mechanics, NAV drivers, equalisation etc) in a clear and pragmatic manner.
• Participate in client onboarding, including review of legal documentation from an accounting perspective and definition of fund‑specific accounting treatments

Fund Onboarding & System Set‑Up

• Oversee fund onboarding activities from an accounting perspective, including: Review of fund documentation (LPA, PPM, side letters)
• Validation of chart of accounts and accounting models
• Review of data migration and opening balances
• Ensure correct setup of funds in accounting systems

Risk Management, Controls & Process Improvement

• Identify accounting and operational risks across the client portfolio and ensure appropriate controls are in place.
• Review KPIs and deliverables provided by back office or Global Delivery Teams (GCD) and challenge quality and timeliness where required.
• Support process improvements, standardisation, and automation initiatives within fund accounting

Team Support & Knowledge Sharing

• Act as a technical reference point for junior team members.
• Provide coaching, training, and on‑the‑job guidance on private equity and Luxembourg‑specific accounting topics.
• Support managers in maintaining high technical and quality standards across the team.

What we offer

• Comprehensive remuneration and pension: motivating financial packages based upon market rates for your role and is proportionate to your qualifications, level of experiences and skills profile
• Wellbeing: additional social benefits such as private health and dental cover, life assurance, monthly meal vouchers, access to our gym & tennis court and regular social events run by our CHESS team
• Annual leave: our employees are entitled to paid annual leave plus all local public holidays
• Enhanced maternity and paternity, including shared parental leave and adoption leave
• Flexible working: we recognise the value of working flexibly and want to ensure all employees enjoy an excellent work-life blend. As such, we are open to conversations with employees related to setting up flexible working arrangements.

• Bachelor’s degree in Accounting, Finance, or a related field.
• 4–6 years of experience in fund accounting within a private equity environment.
• Strong practical knowledge of Luxembourg GAAP and closed‑ended fund accounting and solid understanding of Luxembourg fund structures and legal concepts (ring‑fencing, compartments/sub‑funds, master‑feeder structures).
• Experience dealing with auditors and client‑facing interactions and professional qualification (ACCA or equivalent) is an advantage.
• Experience with fund accounting systems such as Investran is a strong asset.
• Fluent in English; French is an advantage.

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.  

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee. 

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential.  Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced. 

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning