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Change Recruitment
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Edinburgh, City of Edinburgh
Fund Accountant
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Job Type: Full-time |
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Overview
Fund Accountant | Top asset management firm | Edinburgh | Competitive salary We have just taken on a fantastic opportunity to join one of the top asset management firms in the world working within their EMEA Fund Accounting Oversight Function in their amazing Edinburgh offices. They are looking for ambitious individuals who want to work for the best of the best and a fast growing team and business. Apply today if your skills and experience match the requirements of this role. About the role: Your primary focus will be to lead the Regulatory Cost Disclosure process, covering MIFID II, PRIIPS, BWP, UCITS KIID, etc. Your secondary focus will consist of a broader engagement the EMEA Fund Accounting Oversight Function. - Responsibility for all NAV accounting matters across EMEA for pooled fund products, plus audit and financial statement production oversight. - Significant involvement in assisting with new product launches and change management and closure of existing product. - Form relationships with Fund Boards, assist Legal and Compliance in relevant regulatory and legal matters specific to the funds. - Support the Portfolio Management Group, Sales and Marketing teams through technical knowledge of both the funds in relation to jurisdictional requirements and accounting expertise. - The Regulatory Cost Disclosure requirement has enhanced over the last couple of years and therefore requires a dedicated resource, in conjunction to working with the wider team. - The function has a core team in Edinburgh, which provides a centralized group responsible for the oversight within EMEA of the daily pricing and monitoring activities performed by our third party fund administrators. Role Responsibility: Key responsibilities: - Management of the Fund Accounting element of the Regulatory Cost Disclosure process. - Handle the resolution of tolerance/data exceptions identified from the third-party fund administrator’s data. Additional responsibilities: - Lead the Fund price spread process including the monitoring of regular spreads and the application of special dealing spreads. - Monitor reconciliations and that there is timely resolution of breaks or errors. - Creatively ensure accurate preparation of reports to fund boards and management committees. - Take ownership of all tasks and activities undertaken to meet requirements of the regulatory regime and that any exceptions/breaches are reported to line management immediately. - Develop knowledge of fund accounting requirements of particular fund ranges and understanding of specific fund types/ranges. - Work with other Fund Administration teams on fund specific activities for example fund distributions, Report and Accounts preparation, collation of data for internal reporting. - Dedicatedly build and maintain working relationships with providers and other areas within the firm, in accordance with agreed standards and in a timely, accurate and complete manner. - Carry out continual development of pricing and monitoring processes to optimise efficiency, mitigate risk and incorporate business and product changes. - Prepare key performance indicator data and management information for regular reports to management. - Be aware of product, business and regulatory changes and seek involvement in the resultant initiatives and projects. And finally, responsible for all financial aspects of the firm's provider relationships: - Focus on the relationship between the asset manager and third party providers, encompassing the full range of services delivered. - Liaise with the firm's Finance and business heads to prepare annual plan for provider spend, ensuring that all business change impacts / new business is understood, considered and aligned into plan. - Produce and enhance monthly reports including appropriate analysis and commentary on the provider financials, investigating thoroughly all material variances to forecast, to plan, and month-on-month. - Review and undertake monitoring activities over all invoices received from providers. - Maintain procedures for all 3rd party provider fees. - Monitor Service Credit process, including calculation and collection of payment. - Maintenance and ongoing development of Fee Billing Database, initiating and supporting improvements when necessary. - Measure provider performance against SLA, collating service management data. - Work with providers, striving to constantly improve service. Experience required - Strong acumen in an operational/accounting role, ideally in a fund management environment. - Able to demonstrate a level of business insight and technical understanding of a range of investment instruments, fund types and products. - Understand the relevant regulatory environment - Demonstrates a risk focus, ability to identify potential risks, and reports risks - Numerate and relevant information to ensure a high level of attention to detail - Demonstrate and prioritizes customers /providers requests to sustain collaboration in the work place to meet objectives - Prepared to take initiative, work flexibly to help the team achieve its goals, and respond positively to change - Resolve problems and incidents, by engaging key partners to formulate a resolution and raise issues appropriately - Strong interpersonal skills and ambitious to complete own work prescribed agreed procedures and to the highest standards of quality and timeliness - Builds working partnerships with providers, and dedicatedly acts raise issues and effectively communicate with all levels. - Ensures accurate record keeping of work, create operational improvements and files documents in a way so that they are easily retrieved. - Able to creatively resolve conflicting priorities. Please do get in touch today if this sounds like your perfect role.