Fund Administration Analyst

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!

Ops Group Description

The Global Fund Administration department is responsible for the oversight of approximately 600 pooled vehicles domiciled in the US, Luxembourg, Cayman Islands, as well as other global locations across the world.  We oversee the day to day Net Asset Value calculation as well as the regulatory and client reporting requirements as required on a product by product basis. The candidate should have a proficient knowledge of mutual fund accounting. The job requires knowledge of tax issues, SEC regulations, financial reporting and the use of spreadsheets.  It also requires excellent analytical skills, communication skills, organizational skills, and problem-solving skills.  The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.  The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc).

Ops Job Description

We are seeking a Luxembourg based Fund Administration Analyst to join our Accounting Team in  Global Fund Administration

About the Role

The Fund Administration Analyst plays a key role in the administration of the day to day activities of all pooled vehicles for the Global Fund Administration department.  The candidate will play an integral role in ensuring the requirements of our internal and external customers are managed efficiently and effectively as we look to provide “Best in Class Service” to all of our customers.

Describe the applications and business or enterprise functions the role supports:

This role supports the firm’s pooled vehicles and GFA overseas all pooled products for the firm

The key job responsibilities include, but are not limited to:

• Ensure Fund Compliance with regulators (ie CSSF and other regulatory bodies)
• Prepare/Review reports and schedules for Internal Customers (Portfolio Managers, Marketing, Legal, etc.)
• Support product development initiatives, with focus on regulatory compliance & advising on tax issues
• Assist in overseeing the delegated functions from AB to 3rd parties, such as accounting, administration, audit & tax reporting, etc
• Assist in audit coordination and Shareholder Report review
• Prepare income analysis for Dividend Committee Meetings
• Review expense analysis as well as creating new budgets
• Resolve operational problems or issues
• Review and understand various fee calculations (management, distribution, servicing, and for alternative funds – incentive and/or waterfall calculations )
• Understand alternative fund structures (hedge vs private equity) and the nuances that come with the various structures as it related to capital activity (sub/reds vs capital commitments), distributions and incentive/waterfall fee calculations
• Analyze NAV Calculations for accuracy
• Recommend and participate in the implementation of changes and enhancements to the department
• Keep management informed of any problems that arise on assigned funds
• Assist on special projects as needed
• Process Improvements.
• Document procedures.
• Reply to client requests

What makes this role unique or interesting (if applicable)?

The role does not entail performing day to day accounting, which can become redundant and mundane whereas our role is more dynamic and analytical in nature.  Additionally, the vast line of products we have within GFA, should provide you with great exposure and experience you normally will not see within a fund complex.

What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?

The oversight nature of this role allows a candidate to utilize their accounting knowledge in a more analytical nature.  We have a vast array of product types for candidates to learn over time and we are a department that seeks to promote from within when the opportunity arises.

Job Qualifications (The ideal candidate should have the following):

(Less specific than “skills” below, this area can also mention the way the role operates within the culture of the role or team. For instance, often “a sense of humor” or “ability to, at times, go with the flow” are included in this section.)

Qualifications, Experience, Education

The ideal candidate should have a minimum of 3+ years of experience in the mutual fund or finance industry with expertise in Luxembourg fund structures (UCITS and AIFs), as well as a 4 year degree in a business field (preferably accounting or finance

Skills

The candidate should have a proficient knowledge of mutual fund accounting relating to UCITS and all other Luxembourg fund structures. The job requires knowledge of tax issues, UCITS and AIFMD regulations, financial reporting and the use of spreadsheets.  It also requires excellent analytical skills, communication skills, organizational skills, and problem solving skills.  The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.

Special Knowledge (if applicable):

The candidate should demonstrate proficiency in standard desktop applications (Excel, Word, Outlook, etc). Knowledge of UCITS, AIFs and Luxembourg reporting requirements, financial reporting experience are a plus.  Candidates with process management/improvement experience is preferred.