Fund Services Administrator
The Administrator, Fund Accounting will assist with all aspects of client accounting, maintenance of ledgers and general control of financial records, in accordance with the relevant Client Services Agreements and the various laws and regulations pertaining to the both the Fund structures and Group’s Licence.
The Key Responsibilities for the role are noted below and as an Administrator, Fund Accounting you will also be expected to undertake any such duties that are deemed a reasonable requirement, for example, participating in any relevant projects that are related to the role.In addition, you will be required to participate in business and social events organised for staff.
To assist with the maintenance of client ledgers and full bookkeeping of transactions in liaison with the Administration teams;
Bookkeeping for a portfolio of clients from source documentation and to agreed deadlines;
Prepare and assist in the controlling of bank reconciliations for all relevant bank accounts on a monthly basis, or as required;
Assist in the drafting of financial statements, management accounts or other financial reports for client entities according to client and/or regulatory requirements including quarterly or half yearly reports;
Processing of review comments from colleagues or third parties, including clients, auditors, advisors or other contacts as necessary.
Reconciling of client bank and loan accounts to within established operating guidelines and the reconciling of inter client loan balances;
Reconciling of investment holding nominal balances to within established operating guidelines;
Assist in the preparation of other financial documents according to client requirements, including: capital adequacy computations, income schedules, scheme valuations, distribution schedules, capital statements, cash flows, solvency reviews, interest calculations, and other ad hoc information as necessary;
Assist in all aspects of client audits, collating or preparing financial information as requested by auditors and clients, supporting the accounting team in meeting all requirements of the audit process within any set timetable;
Assist in the monitoring flow of supporting documents being sent to auditors, checking completeness of information, receiving and answering auditor queries and assisting the accounting team with same;
Assist in collation of financial information required for board meetings within timescales requested;
Provide support to the Administration team in respect of financial information required for the purposes of the opening of bank accounts, payments, statutory returns and other administration tasks;
Action any compliance review points in a timely manner;
Support a strong communication ethos amongst the team and Management;
Ensure accounting procedures are followed/implemented in accordance with the Fund Accounting procedures manual, ensuring application and timely completion of all checklists required to comply with ISAE accreditation or other requirements as specified. Escalate any issues or questions in a timely manner;
Maintain a level of technical awareness of ongoing and new accounting standards and regulatory reporting obligations, to include IFRS and UK GAAP, the requirements of TISE, LSE and AIM in respect of listed entities and local regulatory requirements as set out by the GFSC;
Prior relevant experience gained in regulated finance or professional services;
Able to demonstrate good organisational and time management skills whilst providing a first-class client service;
Willingness to study toward a full professional qualification such as STEP, ICSA or similar Certificate in Fund Administration;
Sound educational background i.e. A Level/Baccalaureate or equivalent with GCSE Grade in English and Mathematics;
Demonstrate solid IT skills.
Drive development by using all learning and development resources available; and
Either entry position or some prior relevant experience gained in regulated finance or professional services;
Sound educational background, i.e. A Level/Baccalaureate or equivalent; with GCSE Grades (9 - 5) in the core subjects;
Willingness to study toward a full professional bookkeeping or accounting qualification (AIB / CAT / ACCA);
IT skills, particularly EXCEL, would be advantageous; and
Drive development by using all learning and development resources available.