Permanent Contract

Fund Distributor Operations Officer H/F

Modified on 21/12/2024

  • Luxembourg ville - Luxembourg
  • Operations
  • 2024-93878

Job description

To support our growth, we are looking for a collaborator to strengthen the Fund Distributor Operations team, mainly responsible for recovering management fee retrocessions owed by management companies to fund distributors.

Activities 

  • Independent management and monitoring of invoicing and recovery of Mutual Funds retrocessions due by the AMCs:
  •  Configuration in the internal Fund Channel tool of the billing groups and data necessary for the transmission of information;
  • Monitoring of outstanding amounts as part of the quarterly invoicing launch;
  • Sending to AMCs the information necessary to establish fee calculations (if applicable in conjunction with custodian banks or transfer agents)
  • Reconciliation of retrocession calculations sent by the AMCs in close collaboration with them and with the distributors' depositories;
  • Management of issues encountered during invoicing and/or collection for its scope (internal and external cross-functional collaboration);
  • Management of commissions on capital investment funds and other alternative funds (Immo, ELTIF, etc.)
  • Management of commissions on EMTN (collection of issue programs, final conditions, calculation of commissions (entry and recurring) and recovery from issuers)
  • Rigorous monitoring of the invoicing of different types of commissions awaiting settlement with application of the strict escalation process if necessary
  • Onboarding new distributor clients or new SGPs on the platform
  • Creation and maintenance of promoter files
  • Responses to requests from Relationship Managers
  • Preparation of activity reports (monthly monitoring of pending invoicing, weekly monitoring of collection, monitoring of cash advances, support for analysis of recovery speed in RFP mode, etc.)
  • Active contribution to team projects (automation, continuous process improvement, etc.)
  • Back-up colleagues Officer FDO in case of absence
  • Monitoring of incoming emails in the team’s common mailbox
  • Analysis of MIFID amounts to be returned
  • Respect of the KPIs, company and team goals, both for him and for the team

    • Starting date
    • 01/02/2025
    • Position with management
    • No
    • Minimum level of study
    • Postgraduate degree – MA/MSc/PhD/Doctorate or equivalent
    • Training / Specialization
    • Higher education in economics or accounting (Bac + 4/5)
      At least 3 years of experience in an operational department in the investment funds industry
    • Minimum experience level
    • 3-5 years
    • Compétences recherchées
    • Excellent analysis and synthesis skillsAppetite for change and structuring new processesFluent French and good command of EnglishVery good knowledge of the Office Pack (Excel (pivot tables, advanced filters, macros, etc.), PowerPoint, Word)The following skills will be considered as serious assets:Knowledge in asset distribution and processing of retrocessionsFirst experience in real asset management (subscription process and commissioning of this
    • IT tools
    • Coding in VBA and Python
    • Languages
    • French / English

  • Amundi, the leading European asset manager, ranking among the top 10 global players [1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. With its six international investment hubs [2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,300 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.0 trillion of assets [3]. Amundi, a trusted partner, working every day in the interest of its clients and society [1] Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021 [2] Boston, Dublin, London, Milan, Paris and Tokyo [3] Amundi data including Lyxor as at 31/03/2022 By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Amundi
Amundi
Amundi

Amundi

Fund Distributor Operations Officer H/F

Published the 08/11/2024

Permanent Contract
  • Luxembourg ville - Luxembourg
  • Operations
  • 2024-93878

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