Group Manager Fund Accounting
Wrocław Group Manager Fund Accounting
Wrocław
NR REF.: 1096500
Your new company:
We are international asset management company with over 200 years of financial markets presence and with offices located in 36 countries which provide investment services for corporate, institutional and private investors. The company's expanding Polish branch is located in Wroclaw.
Job description
The Group Manager is responsible for multiple operations groups who provide fund administration services to fund clients.
He/She oversees the service delivered by various operations teams. The nature and number of client relationships as well as the number of assigned personnelmay change due to organisationalgrowth.
He/She represents the company in meetings with external parties such as IFSRA, external fund auditors, client Board of Directors, fund investment advisors, fund Senior Management, trustees, custodians and legal counsel.
Responsibilities
Client/fund servicing
• Ensures ongoing delivery of high-quality service levels to a group of global investment management clients.
• Ensures strong operational and management control of accounting, valuation and general administration for a complex range of fund structures.
• Pro-actively assesses client requirements. Manages business issues firmly and constructively while developing and maintaining good client relations.
• Ensures all fund net asset values (NAVs) are calculated according to agreed client procedures and timetables and that required controls are in place and adhered to.
• Prepares,maintains and communicate to thestaff of client specific procedures on a timely basis.
• Co-ordinates the accurate and timely provision of non-daily services to clients including month-end reporting, compliance reviews, expense budgets, expense reviews, and payments.
Co-ordination of new client/new business take-on:
• Co-ordinates with the company's business development to win new business and to prepare for new clients and new funds being launched by existing clients.
• Ensures sufficient staff resources, expertise, systems, procedures, and controls are in place to properly service all new business.
Control environment:
• Manages service quality within the operations teams. Use all operations management information systems (MIS) to review all client, timing and reconciliation issues and to ensure all matters arising are resolved in an efficient and timely manner.
• Ensures all NAV errors and breaches are reported according to the company procedures and any resulting changes to procedures and controls are swiftly implemented.
Client management:
• Manages the fund administration aspects of multiple client relationships. Participates in periodic meetings with clients in order to ascertain the current status of the client's view of the service relationship. Develops a relationship with client senior management so as to be a senior point of contact, in conjunction with Client Servicing, for client communication.
• Keeps abreast of business developments impacting clients and assess new business from a resource, skills and risk perspective. Communicates with Senior Management of both clients and prospective clients.
IT systems/Strategy:
• Plays an integral role both in tactical IT responses to business issues and in strategic IT development.
• Contributes to strategic development by participating in strategic planning sessions and taking on user group project specification duty.
• Ensures all staff maintain strict user controls on all systems.
Human resource management:
• Keeps staff informed of company and business development, provides team briefings, and sets performance objectives.
• Resolves or raise any HR issues, ensures appropriate mentoring of all staff within your team, and oversees the timely completion of staff performance appraisals.
• Identifies new staffing requirements; coordinates staff training on systems, standard procedures/controls and client specific procedures.
• Supports career progression within teams and rotates staff to ensure proper coaching, succession planning and appropriate risk mitigation, and general staff development.
• Leads and manages a team of Operations Managers, Assistant Managers, Supervisors and fund Administration staff.
Requirements:
• Fluency in English is essential.• Fluency in Polish is preferred.
• Extensive work experience in the fundsadministration business.
• Knowledge of money market funds and exchange-traded funds, including all accounting and structural issues typically inherent in these types of funds and the instruments they typically hold.
• Knowledge of managed currency funds and performance fee calculations including class-level and equalisation.
• Technical knowledge of complex fund structures including UCITS and non-UCITS, the regulation of these vehicles, investment management methods and fund accounting/valuation methods including NAV calculation, income distribution/ equalisation, performance fee calculation methods and compliance monitoring.
• Understanding of operational and reputation risks inherent in the fund administration business and the management/operational control environment required in managing these risks.
• Ability to think strategically with a high focus on controls and risk mitigation.
• Ability to evaluate new business needs and changed service requirements.
• Strong presentation and communication skills.
• Management skills related to operations, leadership, strategy, and projects.
• Client relationship management skills.
• Service quality work ethic.
• Ability to mentor, develop and motivate personnel.
Wrocław
NR REF.: 1096500
Your new company:
We are international asset management company with over 200 years of financial markets presence and with offices located in 36 countries which provide investment services for corporate, institutional and private investors. The company's expanding Polish branch is located in Wroclaw.
Job description
The Group Manager is responsible for multiple operations groups who provide fund administration services to fund clients.
He/She oversees the service delivered by various operations teams. The nature and number of client relationships as well as the number of assigned personnelmay change due to organisationalgrowth.
He/She represents the company in meetings with external parties such as IFSRA, external fund auditors, client Board of Directors, fund investment advisors, fund Senior Management, trustees, custodians and legal counsel.
Responsibilities
Client/fund servicing
• Ensures ongoing delivery of high-quality service levels to a group of global investment management clients.
• Ensures strong operational and management control of accounting, valuation and general administration for a complex range of fund structures.
• Pro-actively assesses client requirements. Manages business issues firmly and constructively while developing and maintaining good client relations.
• Ensures all fund net asset values (NAVs) are calculated according to agreed client procedures and timetables and that required controls are in place and adhered to.
• Prepares,maintains and communicate to thestaff of client specific procedures on a timely basis.
• Co-ordinates the accurate and timely provision of non-daily services to clients including month-end reporting, compliance reviews, expense budgets, expense reviews, and payments.
Co-ordination of new client/new business take-on:
• Co-ordinates with the company's business development to win new business and to prepare for new clients and new funds being launched by existing clients.
• Ensures sufficient staff resources, expertise, systems, procedures, and controls are in place to properly service all new business.
Control environment:
• Manages service quality within the operations teams. Use all operations management information systems (MIS) to review all client, timing and reconciliation issues and to ensure all matters arising are resolved in an efficient and timely manner.
• Ensures all NAV errors and breaches are reported according to the company procedures and any resulting changes to procedures and controls are swiftly implemented.
Client management:
• Manages the fund administration aspects of multiple client relationships. Participates in periodic meetings with clients in order to ascertain the current status of the client's view of the service relationship. Develops a relationship with client senior management so as to be a senior point of contact, in conjunction with Client Servicing, for client communication.
• Keeps abreast of business developments impacting clients and assess new business from a resource, skills and risk perspective. Communicates with Senior Management of both clients and prospective clients.
IT systems/Strategy:
• Plays an integral role both in tactical IT responses to business issues and in strategic IT development.
• Contributes to strategic development by participating in strategic planning sessions and taking on user group project specification duty.
• Ensures all staff maintain strict user controls on all systems.
Human resource management:
• Keeps staff informed of company and business development, provides team briefings, and sets performance objectives.
• Resolves or raise any HR issues, ensures appropriate mentoring of all staff within your team, and oversees the timely completion of staff performance appraisals.
• Identifies new staffing requirements; coordinates staff training on systems, standard procedures/controls and client specific procedures.
• Supports career progression within teams and rotates staff to ensure proper coaching, succession planning and appropriate risk mitigation, and general staff development.
• Leads and manages a team of Operations Managers, Assistant Managers, Supervisors and fund Administration staff.
Requirements:
• Fluency in English is essential.• Fluency in Polish is preferred.
• Extensive work experience in the fundsadministration business.
• Knowledge of money market funds and exchange-traded funds, including all accounting and structural issues typically inherent in these types of funds and the instruments they typically hold.
• Knowledge of managed currency funds and performance fee calculations including class-level and equalisation.
• Technical knowledge of complex fund structures including UCITS and non-UCITS, the regulation of these vehicles, investment management methods and fund accounting/valuation methods including NAV calculation, income distribution/ equalisation, performance fee calculation methods and compliance monitoring.
• Understanding of operational and reputation risks inherent in the fund administration business and the management/operational control environment required in managing these risks.
• Ability to think strategically with a high focus on controls and risk mitigation.
• Ability to evaluate new business needs and changed service requirements.
• Strong presentation and communication skills.
• Management skills related to operations, leadership, strategy, and projects.
• Client relationship management skills.
• Service quality work ethic.
• Ability to mentor, develop and motivate personnel.
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