.CIB2SBNP Paribas in its Securities Services business offers a wide range of services derived from the purchase and sale of financial instruments and units in investment funds, such as their settlement, custody, valuation, administration and financing and all financial transactions derived therefrom (dividend payments, capital increases, fund subscriptions and redemptions, etc.
).ABOUT THE JOBMISSIONThe Private Capital department offers specialized services in Fund Administration and Middle Office to alternative asset managers managing Private Capital funds.
We also assist our clients in dealing with regulatory requirements and tax preparation (CNMV, AEAT, etc.).
Our mission is to become a reference for Private Capital clients in Spain, by offering a complete set of solutions encompassing a full range of back and middle office services.
In order to accomplish this, product specialization, client proximity, a deep knowledge of the local market and the regulatory and fiscal framework in Spain are key to be able to provide the highest value-added services that our client demands.RESPONSIBILITIESManagement of Private Capital Middle Office Operations in SpainPrivate Capital Asset classes:Private EquityInfrastructuresPrivate DebtReal EstateFunds of funds of any of these asset classesClient typesAsset Owners investing into Private Capital asset classes.Asset Managers mostly for closed ended funds and on a more exceptional basis open-ended funds.Management of Middle Office operational activities and teams in SpainPhase I (until we reach critical mass to spin off Middle Office from Fund Admin operations):Fund administration and accounting:Collection of illiquid asset prices, NAV calculation, regulatory reporting to CNMV, tax reporting to local regulator, periodic financial statementsThe main goal of this responsibility is to have an in-depth knowledge of Fund Administration routines and how it feeds into Middle Office, leveraging on eFront FIA and local tools.Middle officeTransaction framing (feeding fund accounting, and whenever applicable, record keeping)Investors management (Equalization, subsequent closings, capital calls and distributions notices and realizations, reminders of payment, capital account statements, tracking of committed capital and remaining (unfunded) commitments, waterfall calculation, carried interest, investors reporting)Fund management (cash flow monitoring and forecasting, life of the fund monitoring)Portfolio monitoring and related performance metrics (DPI, TVPI, IRR)Master Caplink private and ensure his deployment.Phase II (after achieving enough critical mass so that the Middle Office area can be span-off from Fund Administration)Sole responsibility to manage the Middle Office department, which include, among other things, building a dedicated team for this activity (no longer FA responsibilities)