Manager - Depositary

The individual will be responsible for servicing a portfolio of real estate and private equity funds. The individual will liaise with CFOs, financial controllers and legal counsels at fund managers, colleagues from the administration and AIFM departments and other third parties (including banks, other service providers and auditors) necessary to ensure a smooth completion of the depositary duties on timely basis. The individual will work closely with the Head of Depositary and will manage client teams that perform the Depositary tasks. The candidate will be expected to interface at a senior level with clients in order to problem solve and proactively deliver our services.

The successful candidate will be involved in developing and managing the team to provide a quality client-focused service. The candidate will also have an understanding of the Luxembourg legal and regulatory regimes applicable to private equity and real estate funds

Key Responsibilities

• Administer depositary services for a portfolio of existing and new clients managing real estate and private equity ;
• Taking responsibility of all client deliverables and deadlines, organising work effectively with the depositary team, reviewing and sign-off for key events, cash monitoring, risk assessment, asset verification, client take-on, quarterly reviews and quarterly depositary reports.
• Undertake preparation or review of key event assessments including: subscriptions, drawdowns, acquisitions, disposals, distributions, terminations and others.
• Client relationship management including ongoing multi-channel communication such as face-to-face, telephone and email and leading client meetings.
• Persevere with non-responsive clients to find alternative ways of working and solutions to aid timely delivery of information.
• Manage the billing process: reviewing billing schedules ahead of quarter and chase any late payments.
• Cash flow monitoring: ensure cash monitoring and reconciliations have been properly performed by the ;
• Safekeeping and verification of assets: verifying that assets and their economic benefit exist and are owned by the Fund. Maintaining an up to date inventory of all assets held by the ;
• Ongoing monitoring and oversight of the Fund and Fund Manager - ensuring controls and procedures are adequate and are being adhered to, ensuring the fund is being managed in accordance with the fund documentation.
• Ensure any new business is taken on in an efficient and timely manner.
• Develop a thorough understanding of AIFMD requirements governing the role of depositary.
• Develop high quality working relationships with internal and external stakeholders.
• Attending and presenting the Depositary reports at client Board of Directors meetings.
• Directly managing and supervising the depositary team ensuring that they are effectively supervised, coached and engaged.
• Be the point of contact for the senior depositary analysts in all matters relating to core deliverables, escalating to senior line management as required.
• Review the depositary controls and reports delivered by the team to ensure accuracy and that all relevant operational procedures, policies and professional guidelines are being adhered to.
• Review depositary procedures, review checklists and propose improvements.

In addition to the duties listed above, the candidate may be requested to perform other ad hoc work from time to time.

Skills, Knowledge and Expertise

•  The ideal candidate would have 5 years of relevant work experience (depositary or audit). Any first experience in team management would be considered as a strong asset.
• Good knowledge of the audit technics.
• Ability to understand/to investigate complex transactions including through the review of accounting records, financial reporting and legal documentations.
• Previous experience of managing a number of client relationships would be considered as an advantage.
• Excellent attention to detail and an inquisitive mind-set.
• Good knowledge and understanding of the AIFMD and Luxembourg regulatory framework.
• Ability to work in a rapidly expanding, company environment with focused and motivated individuals.
• Ability to solve practical problems and provide guidance to more junior ;
• Ability to plan effectively, with strong deadline orientation.
• Strong verbal and written communication skills.
• The candidate should be studying towards or willing to study towards a professional accounting qualification such as ACCA, CAIA, etc.
• Fluent in English (French and German would be considered as an advantage).

Benefits

Langham Hall takes the development of its employees very seriously and offers sponsorship of a professional qualification.

About Langham Hall

Langham Hall provides premium quality accounting, fund administration and investor reporting services to Real Estate and Private Equity Fund clients.

Langham Hall invests in people and in developing them ;We are extremely proud of our leadership-focused culture which fosters a dedicated, approachable and collaborative way of ;We offer the opportunity to progress your career and study professional qualifications; through intensive training and where applicable, full exam tuition and study support.

Langham Hall is a fast-growing company and as such staff experience a variety of responsibilities and inclusion in exciting initiatives beyond their day-to-day ;Employees are supported and encouraged to deliver a first-class service and opportunities are identified at an early stage for employees to engage with our clients which enables them feel involved and challenged in their ;

 We are proud of our positive working culture which is reinforced through our employees and our extremely low staff turnover and we seek out people that believe in our values.