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About the Team
The Portfolio Administration & Reporting team within the middle office is responsible for providing reliable and timely information to the Investment teams regarding cash balances, stock positions, subscriptions & redemptions, and NAVs. The team acts as an intermediary in the flow of information from transfer agencies, fund accountants, and custodians, verifying the validity of the data. It is also responsible for ensuring the release of client reports.
Responsibilities
1. Cash Reconciliation: Daily reconciliation of all cash balances and transactions for a dedicated group of funds using applications within the ALTO Platform. Investigate and resolve cash breaks promptly, following up with internal departments or custodians to ensure accurate trading data.
2. Queries and Data Accuracy: Address queries from Portfolio Managers and other departments like Risk regarding cash balances and projected data in the front office system.
3. Security Position Reconciliation: Monthly reconciliation of security positions against custody data using the ALTO Platform. Similar responsibilities as cash reconciliation.
4. NAV Reconciliation: Reconcile NAVs generated in the front office system against those from Fund Administrators, with frequency and detail level depending on each fund. Investigate and resolve any discrepancies, liaising with Investment and Risk teams as needed.
Client Reporting
* Produce client reports at required frequencies and deadlines.
* Review report content and perform controls, resolving issues through internal communication.
Subscriptions & Redemptions
* Ensure timely receipt and processing of estimated and confirmed reporting from Transfer Agents into the front office system.
* Follow up on issues and respond to Portfolio Managers’ queries.
If you have experience in this area and are seeking a new position, please send your CV for a confidential chat.
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