Manfred Kostens
Luxembourg,LU
Summary
Dynamic Senior Depositary Account Manager at Citco Bank Nederland, adept at cash flow monitoring and team management. Successfully onboarded clients and implemented new procedures, enhancing operational efficiency. Proven relationship management skills fostered strong client loyalty, while analytical expertise ensured compliance and accuracy in financial oversight. Registered Chartered accountant with 10 years of working experience, including 4 years of management.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Senior Depositary Account Manager
Citco Bank Nederland - Luxembourg Branch
Luxembourg
01.2024 - Current
- Managed a team of three managers and seventeen specialists.
- Onboarded new clients, attended all calls, and explained depositary duties and responsibilities.
- Helped implement any new procedures and technology procedures implemented.
- Planned and attended due diligence procedures and visits. Both the depositary and the AIFM and administrators.
- Involved in the communication and visits of the Luxembourg regulator.
- Design training templates and provide training to the specialists and the managers
Depository Account Manager
Citco Bank Nederland - Luxembourg Branch
Luxembourg
12.2021 - 12.2023
- Responsible for a team of 5 specialists. Working on all the aspects of the depositary. Focused mainly on PERE funds, with some debt and fund of funds exposure.
- I attended board meetings with the specialist to answer high-level questions.
- Reviewed the cash flow monitoring, safekeeping, and oversight work of the specialist. Helped correct working papers, and helped create new templates.
- Identified any possible financial instruments, and helped open custody accounts for assets to be held in custody.
- Attended due diligence meetings, and helped the senior manager complete them on time.
Depositary Specialist
Citco Bank Nederland - Luxembourg Branch
Luxembourg
08.2019 - 11.2021
- Responsible for the main depositary duties of cash flow monitoring, safekeeping of assets, and NAV oversight.
- Design working papers for NAV oversight, including working papers for cash reconciliation, investment and borrowing restrictions testing, and stock reconciliations.
- Attend board meetings, present the depositary reports, and answer any related questions.
- Work on the yearly asset reverification, and complete the depositary audit confirmation.
Relationship Manager Accounting
Intertrust Luxembourg
Luxembourg
08.2018 - 07.2019
- Developed and maintained strong relationships with clients to ensure satisfaction and loyalty.
- Managed daily operations including scheduling appointments, coordinating meetings and preparing agendas.
- Managed relationships with tax authorities, bankers and auditors.
- I did the day-to-day accounting work, including keeping the trial balance up to date.
- Generated weekly and monthly expense reports for senior management review.
- Managed intercompany transactions and reconciled all intercompany accounts each month.
- Developed reports to support month-end close process including account reconciliations.
- Assisted with the preparation of financial statements in accordance with generally accepted accounting principles.
Junior Audit Manager
BGR De Villiers Inc
Paarl, South Africa
01.2015 - 07.2018
- Assisted in developing new policies and procedures designed to enhance internal controls.
- Identified areas of potential risk and provided recommendations for corrective action plans.
- Performed follow-up reviews to ensure corrective actions were implemented properly by management teams.
- Provided training to staff members on accounting principles, procedures, and best practices.
- Monitored changes in regulatory environment affecting clients' business operations and adjusted audit plans accordingly.
- Reviewed financial statements prepared by other departments prior to release.
- Reviewed client data for accuracy and completeness in accordance with Generally Accepted Accounting Principles.
- Conducted risk-based audits to evaluate internal controls, compliance with laws and regulations, and accuracy of financial statements.
Education
Associate of Applied Science - Post Graduate Diploma in Financial Accountinmg
University of South Africa
South Africa12-2016
Associate of Applied Science - Post Graduate Diploma in Applied Accounting Scienc
University of South Africa
South Africa12-2015
Bachelor of Arts - Management Accounting (Honors)
University of Stellenbosch
South Africa12-2014
Bachelor of Arts - Management Accounting
University of Stellenbosch
South Africa12-2012
Some College (No Degree) - Chartered Accountant ( South Africa )
South African Institute of Chartered Accountants
South AfricaSkills
- Cash flow monitoring
- NAV oversight
- Financial analysis
- Team management
- Relationship management
- Analytical and critical thinking
- Critical thinking
Affiliations
- Sport
- Reading
- Traveling
Languages
Afrikaans
First Language
English
Advanced (C1)
C1
Accomplishments
- University rugby team
- School prefect
Certification
- Chartered Accountant (South Africa)
References
References available upon request.
Timeline
Senior Depositary Account Manager
Citco Bank Nederland - Luxembourg Branch
01.2024 - Current
Depository Account Manager
Citco Bank Nederland - Luxembourg Branch
12.2021 - 12.2023
Depositary Specialist
Citco Bank Nederland - Luxembourg Branch
08.2019 - 11.2021
Relationship Manager Accounting
Intertrust Luxembourg
08.2018 - 07.2019
Junior Audit Manager
BGR De Villiers Inc
01.2015 - 07.2018
Associate of Applied Science - Post Graduate Diploma in Financial Accountinmg
University of South Africa
Associate of Applied Science - Post Graduate Diploma in Applied Accounting Scienc
University of South Africa
Bachelor of Arts - Management Accounting (Honors)
University of Stellenbosch
Bachelor of Arts - Management Accounting
University of Stellenbosch
Some College (No Degree) - Chartered Accountant ( South Africa )
South African Institute of Chartered Accountants
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