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Technical NAV Oversight M/F

Vacancy details

General information


CACEIS is the asset servicing banking group of Crédit Agricole dedicated to institutional and corporate clients.

Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering execution, clearing, depositary and custody, fund administration, middle office outsourcing, forex, securities lending, fund distribution support and issuer services.

With assets under custody of €2.6 trillion and assets under administration of €1.7 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide (figures as of 31st December 2018).  

Reference number


Publication date


Job description

Business type

Types of Jobs - Asset Management

Contract type

Permanent Contract

Job summary

CACEIS Bank (CACEIS), the asset servicing arm of Crédit Agricole Group, is one of Europe’s leading asset servicing providers with 3,400 employees in 12 countries.  The core services CACEIS provides include depositary, global custody, fund accounting, and transfer agency along with a range of market solutions including foreign exchange, securities finance and execution.

CACEIS Bank, UK Branch was established in 2015 and now employs ten staff.  The Branch is licenced to provide Depositary services for authorised and alternative funds and is now in the process of expanding its fund services proposition.

Department Overview 

A UK fund accounting proposition is a strategic development for CACEIS in its expansion of its fund service offering.  Although based in the UK, we will leverage the operational and technology capabilities based primarily in Ireland, Luxembourg and France.  CACEIS has been successful in securing its first fund accounting client which is due to go live in the second quarter of 2019.

The small team based in London will have full responsibility for the quality and delivery of UK fund accounting services and therefore oversight of the functions performed offshore will be key to the success of this new service.


The role will evolve as the new service moves from project status to business as usual status.  In the first instance, the role will be to help establish the UK fund accounting NAV oversight process in the UK.

Ongoing, this role will be pivotal in the delivery of a quality and compliant service to UK clients.

Key Responsibilities

UK fund accounting NAV set up

To gain a comprehensive knowledge of all the flows impacting the production and dissemination of the NAVs and prices.
To gain a comprehensive knowledge of the administration requirements of the funds.
To gain a comprehensive knowledge of the version of the accounting system to be used for UK funds.
To establish relationships with key internal stakeholders.
To implement the UK governance programme on the NAV / price calculation and associated functions.
To assist, where required, in the implementation of the wider UK governance programme.
To assist in the training of staff.

UK governance programme and client service

Maintain and document appropriate controls, policies and procedures for NAV activities carried out in the UK.
Document and regularly review all NAV (and associated functions) controls undertaken by internal service providers
Execute the NAV (and associated functions) governance programme on internal service providers.
Execute the UK governance programme for the on-boarding of new clients and funds.
Ensure accurate and timely information is delivered to clients.
Monitor service levels to clients.
Monitor the knowledge and skills of internal service providers.
Assist with training requirements of internal service providers.
Review regulatory changes and analyse the impact of services and processes.

Job location

Geographical area

Europe, United Kingdom

Candidate criteria

Minimal education level

High school / Secondary school / A levels / AS levels / IB

Academic qualification / Speciality

Accountancy qualification
IAQ (or grandfathered by previous employee(s) / experience qualifies for grandfathering by CACEIS)

Required skills

In depth experience of fund accounting gained at a service provider and / or asset manager.
Experience of the requirements for the NAV production of UK funds.
Experience must be at a detailed and technical level i.e. a practitioner.
Oversight of offshore activities.
In depth experience of GP3 fund accounting system (owned by Neoxam)

Ability to work in a small start-up team.
Attention to detail and analytical.
Communication skills (written and oral – English).
Ability to work under pressure and to deadlines.
Well organised.

Skills & Knowledge required:
Knowledge of the NAV process and price calculation methodologies.
Knowledge of a broad range of asset classes from an accounting and valuation perspective.
Knowledge of yield calculations and anti-dilution percentage calculations.
Excel (macro level).
Detailed knowledge of regulatory requirements and accounting standard for UK funds.
Detailed knowledge of GP3.

Other relevant information:
Must be able to travel (predominantly Ireland, France and Luxembourg).

Knowledge of financial reporting and the distribution process.
French language skills
Client facing experience.