Job Description
What is the opportunity?
This experienced Fund Accountant (FA) role adds value to the RBC BlueBay FA department with specialist knowledge of Collateralised Loan Obligations (CLOs) and closed-ended funds and is a key control function for the firm.
The position is the number 2 in the CLO and Closed-Ended team and will be expected to provide cover for the team Director from time to time.
This is a permanent, full-time role and requires 4 days in the office at our 100 Bishopsgate, London location.
What will you do?
* Reconcile monthly CLO investor reporting with the administrator.
* Review of CLO waterfalls on a quarterly basis.
* Manage CLO issuance process with arranging bank and administrator.
* Preparation of CLO trial balances to assist with consolidation by the parent.
* Ensure that management and performance fees are correctly calculated and charged to the funds on a timely basis. Review closed ended performance fee/carried interest structures and catch-up calculations.
* Review quarterly NAVs and client statements for closed ended GP/LP structures.
* Oversee subsequent close equalisation adjustments for closed ended funds.
* Pro-active monitoring of available cash balance on CLO warehouses and closed ended funds to ensure adequate cash is available to settle trades.
* Co-ordinate and review capital call and distribution notices for closed ended funds.
* Understanding the products in the relevant funds and coordinating the production of monthly or quarterly NAVs by reconciling RBC BlueBay’s Fund valuations with the administrators.
* Adhering to RBC BlueBay’s Pricing and Valuation Policy; investigating and resolving valuation issues, significant price fluctuations, cash breaks and trade capture issues and responding to ad-hoc queries from administrators.
* Liaise with external auditors as and when required.
* Ensure that accurate and timely reporting from Fund Accounting is provided to both internal and external recipients.
* Assist with periodic reporting submissions to Fund regulators.
* Participating in ad hoc projects and process improvement initiatives.
What do you need to succeed?
Must-have
* Qualified accountant (ACA, ACCA, CIMA).
* Strong and demonstrable experience within industry PQE.
* Prior asset management knowledge required.
* Possess specialist CLO knowledge gained from prior work experience of CLOs – warehouses, quarterly investor reports and associated collateral tests, IRR calculations, waterfalls, issuance Flow of Funds, re-financings.
* Possess specialist Closed Ended Fund knowledge gained from prior work experience of closed ended GP/LP fund structures including subsequent close equalisation, performance fee catch-up mechanisms, capital calls/distributions and carried interest calculations.
* Ability to work independently and prioritise own tasks.
* Sets high standards of performance for self and strives to meet challenging objectives. Acts with integrity and within both the spirit and the letter of RBC BlueBay's principles, policies and procedures.
* Considers own role within the commercial context and focusses on the client. Respects obligations to internal and external clients and investors and treat clients fairly.
* Seeks out insightful, smart ideas to raise personal and team standards. Demonstrates the ability to think creatively to find solutions. Responds quickly and positively to change and maintains effectiveness when experiencing change. Invests time in learning new skills and gaining new experiences.
What is in it for you?
We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
* A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
* Leaders who support your development through coaching and managing opportunities
* Opportunities to work with the best in the field
* Ability to make a difference and lasting impact
* Work in a dynamic, collaborative, progressive, and high-performing team
* A world-class training program in financial services.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Additional Job Details
Address:
100 BISHOPSGATE:LONDON
City:
London
Country:
United Kingdom
Work hours/week:
35
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-04-02
Application Deadline:
2026-04-14
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.