Financial Reporting Accountant – Special Purpose Vehicles (KBCAM)

Job Title: Financial Reporting Accountant – Special Purpose Vehicles (KBCAM)
Reporting to: Reporting Manager
Contract Status: Permanent
Department: Finance
Location: Sandwith Street

Job Scope

The Business:
KBC Fund Management (the “Company”) is a Dublin based asset manager with approximately EUR 50bn assets under management and is a part of the KBC Group of companies. The Balanced team is responsible for the investment and operational management of +/- 150 fund-of-funds with EUR 45bio in AUM and capital protected and structured funds with AUM of EUR 5bio.

The Role:
The role is part of a Financial Reporting Team dedicated to the preparation and delivery of reporting requirements for a number of Irish domiciled Special Purpose Vehicles (SPVs).  The SPVs have issued notes and are listed on the Irish Stock Exchange (“ISE”). The Financial Reporting Accountant will be part of a 3 person team assisting with the preparation of annual and interim financial statements, quarterly Central Bank FVC reporting and bi-monthly VAT returns along with engagement with the main stakeholders. 

Essential Duties

Key Duties & Responsibilities:

Accounting and Audit:

  • Ensuring financial statements are in full compliance with international accounting standards, company law, regulatory and KBC valuation principles. 
  • Preparation of interim and annual financial statements from trial balance along with supporting data received from KBCAM in Belgium
  • Perform control/validation checks as part of the financial reporting preparation process - portfolio reconciliations of ledger balances and request back-up and explanations as required from KBCAM to ensure financial integrity of the balance sheet and income statement. 
  • Liaise with and assist external auditors in the conduct of their annual audit – principal contact point.

Central Bank Regulatory Returns:
  • Preparation and review of quarterly SPV reporting to the Central Bank of Ireland.
  • Monitoring of and response to Central Bank queries on the SPV returns
  • Assist with Tax compliance and Revenue reporting requirements (IXBRL, FATCA, DWT, 46G).
  • Liaising with external tax consultants in the preparation of the annual Corporation Tax return.
  • Preparation and submission of bi-monthly VAT returns including the annual return of trading details and annual VAT recovery for all SPV companies.

Relationship Management:
  • Ensuring that the reporting requirements as part of the Service Level Agreement between KBC and KBCAM are being met.
  • Maintain positive working relationship with SPV directors, KBCAM colleagues, other service providers and the broader KBCI Finance team.
  • Meet objectives as set out in the work plan attached to the annual performance review.

Person Specification

Knowledge, Education & Experience:
The Candidate should possess the following skills and competencies
  • Qualified accountant with experience in financial reporting for special purpose vehicles, funds or similar asset management entities, also suitable for candidates with an audit background in this area. 
  • Knowledge and understanding of IFRS and ability to make relevant disclosures in Financial Statements.
  • Attention to detail with a high degree of accuracy in preparing Financial Statements.
  • Good numeracy, analytical and accounting skills
  • Proficiency in MS Excel and Word (Intermediate level). Some level of understanding of Macros would be advantage but is not essential.
  • Self-starter with good organisational skills and excellent communication skills. 
  • Albeit that the role will report into and be supervised by the Team Head, ability to take ownership and responsibility for the role is also required.

Core Competencies

Core Competency Skills:
The successful candidate will be responsible for the following:

Level of Responsibility:
  • Ensures the production of relevant reports and controls for the SPVs to meet reporting obligations
  • Ensures that reporting is produced in line with Group and local requirements.
Risk Profile:
  • Adheres to policies and procedures.  
Leadership & Influence:
  • Adaptable to needs of others by applying common sense and communicating clearly.
  • Demonstrates PEARL behaviours on a consistent basis. 
  • Assists other team members and fulfils delegated duties.

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KBC Bank Ireland is an equal opportunities employer.