SPV MANAGER (M/F)
THE JOB :
Working as part of the Luxembourg Corporate Services team, the individual will provide manager level support to a number of the company’s holding companies. The individual will report into a Director in the Corporate Services team. The focus of the role is taking ownership of the financial and governance requirements of Luxembourg holding companies, Luxembourg Funds and taking a supporting role in deal execution. This will involve working with external advisers, London and Boston’s Finance team, investment professionals and the management and finance teams at the group’s portfolio companies. The role requires an individual that is able to work autonomously on an operational level. They will need to demonstrate excellent interpersonal skills in liaising with other board level executives as well as building networks at all levels including within the organisation. The role will require someone to confidently navigate Luxembourg’s domestic corporate law, accounting and tax regulations. It is also critical that they can influence a diverse network of stakeholders to ensure internal procedures and policies are adhered to.
Major Responsibilities
Luxembourg holding company governance
– Act as a board member on a portfolio of SPVs and Funds
– Understand the governance requirement of the holding companies from a legal and tax perspective and ensure they are compliant. This will involve ensuring – the ongoing board composition complies with the house view; – regular board meetings and shareholder meetings are organised and physically attended in Luxembourg; – board meetings are documented appropriately i.e detailed minutes are drafted, executed, and filed at the registered offices, and all documentary approval remains compliant (including notices, agendas, papers, minutes, proxies and signatures).
– Keep abreast of regulatory developments in Luxembourg and work with Finance/Tax team and advisers to assess and mitigate the impact for the company
– Manage timely submission of compliance filings (including direct tax returns, VAT returns, CbCR, Central Bank reporting etc) with the local administrations and authorities;
– Organize, supervise and review of the bookkeeping, annual accounts, and periodical reporting
– Proactively anticipate the processes required to ensure holding companies and funds remain compliant in Luxembourg (i.e commission transfer pricing studies where required, consult on specific technical issues, organise timely audit planning, work with portfolio finance teams to discuss accounting consolidation procedures).
Transaction Related Duties
– Understand funds flow deal documents and the Luxembourg financing instruments used in all Luxembourg holding structures.
– Help the London and Boston Finance teams with creating, updating and completing appropriate waterfall mechanisms and funds flows schedule for any liquidity event (dividend, exit, refinancing). – Coordinate with the London and Boston Finance teams on the cash flows required to fund new deals and portfolio M&A.
– Coordinate with external advisers to execute the underlying documentation and corporate approvals required to sign and fund new deals and portfolio M&A.
– Provide a « best practice » corporate governance service to shareholders, directors (board and committees) and other stakeholders, which includes, but is not limited to co ordinating the documentation for the following: – dividend declarations – shares/issues and transfers/registers – change of directors – incorporation or dissolution of companies – PEC and/or CPEC issues or redemptions
– Execute the responsibilities of a company board member according to lawful and ethical standards.
Other Duties
To facilitate the execution of the major responsibilities above, the individual will be required to:
-Monitor external adviser relationships and ensure external adviser costs are cost-efficient
-Build strong working relationships with the management and finance teams at the portfolio companies
THE CANDIDATE PROFILE :
– Previous relevant Luxembourg entity management experience;
– Strong knowledge of relevant legislation and regulatory framework in Luxembourg;
– Experience in private equity industry; experience in fund administration and AIFM is a plus
– Good understanding of Luxembourg accounting tax, financial and legal matters;
– Professional qualification, preferably a qualified accountant;
– Ability to deal with complexity and problem solving skills; – Ability to actively prioritise and manage conflicting demands;
– Ability to work under pressure and meet tight deadlines;
– Strong organisation and time management skills;
– Excellent command of English; fluency in French, German or Luxembourgish is a plus;
– Team player, eager to learn and work with others in a dynamic environment
THE CLIENT :
Our client is one of the world’s leading private multi-asset alternative investment firms.
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As an equal opportunity employer, we value diversity and encourage applications from individuals of all backgrounds. However, candidates must have a valid Luxembourg work permit. As a service provider representing our clients, we are required to present only candidates with valid work permits; if you do not meet this criterion, we cannot consider your application.
If you are fortunate enough to secure this position, you will need to provide supporting documents, including copies of your diplomas, proof of prior employment, and a standard criminal record check at the final stages of the recruitment process.
