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Private Markets Operations Specialist (f/m/d) - with a Focus on Cash Management Support

Job Level:  Professional

Senningerber g, LU, L-2633

Available until:  07/02/2023
Area of Expertise:  Operations
Unit:  Allianz Global Investors
Employing Entity:  AllianzGI GmbH /LU Branch
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  19733

Join us. Let’s care for tomorrow.


At Allianz Global Investors our people enjoy motivating, fulfilling careers. If you are looking for a fast-paced working environment, you are resolved to cultivate and expand your talents and relish a challenge, then join us now!


We are committed to giving our people – experienced and energetic professionals alike – the opportunities and experiences they seek to thrive and gain personal fulfilment. We will work with you to craft your own career, develop your personal growth, and align your achievements with your ambitions.


We are looking for you! We are currently hiring a forward-thinking and results-oriented Private Markets Operations Specialist (f/m/d) in the field of Alternative investments to focus on Cash Management Support. This position is based in our Luxembourg office.


In this role you will primarily be in charge of supporting the cash management activities of the Investment area, including handling tasks in relation to credit facilities/subscription lines, executing payments for fund expenses etc. next to other specific tasks related to Fund Accounting, Custody and Depositary Oversight for Private Markets. You will join an experienced team of subject matter experts, liaising with colleagues in an international environment.


Key Responsibilities:


  • Run cash management support activities for various fund structures with a focus on credit facilities and various types of payments
  • Drive the onboarding process of new products from the operational side
  • Establish standard methodologies for alternative investment funds with a focus on time to market and standardization for custody/depositary and fund administration oversight
  • Be the responsible party for operational day-to-day activities e.g. NAV oversight, invoices, distributions, draw downs, regulatory reporting as well as query management
  • Run and maintain processes, procedures and related operating memorandum/service level agreements
  • Review quarterly/monthly trial balances and underlying data
  • Monitor subscription tax and VAT declarations in comparison with accounting data
  • Supervise the service provider (Fund Accounting/Depositary/Custody) performance with a strong focus on critical metrics and improvement of operational stability
  • Collaborate with investment manager teams, other members of the Private Markets Operations department and other internal/external interfaces (e.g. Tax, Legal)
  • Apply a proactive partner management between the service providers and the internal teams (e.g. management of critical issues)
  • Improve and harmonize the alternative investment operating model for fund accounting and custody/depositary on a global scale

Key Requirements/Skills/Experience:


  • University degree in Business Administration, Finance or related field of study
  • Ideally 4+ years of working experience in the asset management industry (i.e. ManCo, AIFM,Service provider) with particular emphasis on cash management support, fund accounting, financial/regulatory reporting and custody/depositary (oversight)
  • Very good knowledge and experience in cash management support, including handling of credit facilities for Private Markets Funds (or similar activities for non-Private Markets Funds), oversight and execution of various payment types for Private Markets Funds, interactions with Investment professionals and Portfolio Managers regarding cash management support
  • Good knowledge of Alternatives Funds and investment strategies like Infrastructure Equity/Debt, PE, RE, FoF, Renewables
  • Strong ambition to automate and optimize processes
  • Experience in regulated and unregulated vehicles, like SIF, RAIF, SCSp, LP (additional special knowledge on German vehicles such as InvKG would be a plus)
  • Knowledge of LUX GAAP and IFRS, German GAAP and UK GAAP would be a plus
  • Knowledge of the regulatory/tax requirements and financing structures is a plus
  • Ideally a sound understanding of the investment lifecycle for Private Markets fund structures
  • Technical skills in terms of programming/automating are a significant value
  • Strong interpersonal skills and the dedication to build positive relationships, internally and externally
  • Excellent organizational skills and strong analytical skills with a high level of accuracy and keen attention to detail
  • High motivation to independently develop creative and targeted solutions
  • High level of accuracy and keen attention to detail
  • High commitment, motivation and willingness to take on responsibility
  • Fluency in both written and spoken English, knowledge of German would be an asset


About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 521 billion in assets. Data as of 30 September 2022.


Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Asset Management companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor. This excludes assets for which Allianz Asset Management companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.


We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.


Putting our clients' needs first, behaving in an open and transparent way and treating people fairly means acting with integrity. We respect difference and diversity and reward individual performance as well as teamwork. We offer a collegial culture based on strong values, taking individual responsibility, and dedication to mastering challenging tasks. To harness the power of innovation, we invest in the development of our employees. We encourage you to make an impact in a diverse, international, technology-enabled, and increasingly agile environment. If you feel inspired to elevate the active asset management experience, this is the place for you.


We are committed to the principles of Equal Employment Opportunity and to providing assistance to applicants with physical and/or mental disabilities. If you need support to navigate our websites or to complete your application, please send an e-mail with your request to


Active is: Allianz Global Investors

AllianzGI completed the transfer of investment teams (including 87 Investment Professionals) and USD 101bn of assets they manage to Voya Investment Management as part of a strategic partnership. Two thirds of the assets continue to be managed on behalf of AllianzGI clients outside of the US.

19733 | Operations | Professional | Allianz Global Investors | Full-Time | Permanent