Fund Administrator – Net Asset Valuations ("NAV")
Location: Dublin
Department: Operations (Dublin), Net Asset Valuations
Grade: Fund Administrator
Reporting to: Supervisor
Company
SMT Fund Services (Ireland) Limited is one of the companies that form SuMi TRUST Global Asset Services and is wholly owned by Sumitomo Mitsui Trust Bank, Limited, one of the largest financial services groups in Japan.
SMT Fund Services (Ireland) Limited provides fund administration services to a wide variety of investment products covering all alternative and regulated products. Our service covers all the constituent parts required to independently produce a fund's dealing or indicative net asset value (NAV) on a monthly, weekly or daily basis.
Department
The NAV team is the reconciliation and reporting team in the Net Asset Value process. This team is responsible for the timely and accurate calculation and issue of the Net Asset Values to our clients and/or relevant third parties for their perusal.
Role Overview
Daily core responsibilities involve performing reconciliation checks on all cash, positions, income and fees in line with fund documentation and company procedures and controls. The valuation team is responsible for reporting the required information to the clients and other specified parties on the agreed NAV delivery dates as set out at the launch of the fund. The department acts as primary point of contact for clients with day-to-day queries.
Core Responsibilities
* Source and obtain the relevant information required for NAV production
* Reconcile all holdings and cash based on third party information – to investigate any discrepancies and liaise with the relevant people / teams for effective and timely solution
* Process all relevant data to fund accounting system e.g. journal entries, cash disbursements. Ensure all appropriate back up is included for same
* Liaise with other Departments to facilitate the timely completion and delivery of the NAV to the client
* Adherence to regulatory requirements of the role and following internal procedures and controls
* Escalation of any issues / problems on the daily/weekly/monthly processes
* Perform additional weekly reconciliation's / checks i.e. portfolio valuation check for long & short positions of same security, derivatives review, etc.
* Prepare for the physical off-site storage, including effective network filing
* Ensure completion of any weekly control reporting
* Perform monthly fee & income analysis on timely basis to ensure that enough time is left for the accrual adjustments to be made
* Perform additional month-end and year-end reconciliation's / checks
* Ensure all external reporting is completed for dealing valuations
Essential Key Requirements
* At least 0 - 6 months experience within the funds industry
* Strong Microsoft Office skills
* Eagerness to learn and develop skills
* Ability to multitask
* Experience working to tight deadlines
* Highly organised and effective
* Customer focused
Competencies
* Attention to detail / Accuracy
* Communication
* Team player
* Customer Service
* Motivation
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