EMPLOYMENT TYPE:
Fixed Term
DEPARTMENT:
Fund Services
DIVISION:
Institutional Client Services
WORKPLACE STRUCTURE:
Hybrid
Role Overview
PURPOSE OF JOB
The Depositary Manager is responsible for ensuring that INDOS fulfils its responsibilities under the depositary requirement of the Alternative Investment Fund Management Directive (AIFMD) and the UK Financial Conduct Authority's requirements applicable to depositaries under the FUND rules. Reporting to the Depositary Associate Director, the Depositary Manager is responsible for a number of client funds and carrying out reviews of those funds in a timely manner in accordance with internal procedures.
The role will also entail the support, training and management of members of the analyst team whilst ensuring the effective ongoing provision of depositary services to INDOS's PERE client base.
Main Responsibilities And Duties
* Review fund valuations and accounts, in line with department defined timelines and procedures, to ensure they have been completed accurately and in accordance with the fund documentation.
* Review asset registers and ensure the fund's ownership of the assets is verified in line with procedures.
* Review daily cash flow monitoring of fund bank accounts.
* Ensure funds are compliant with fund documentation and any issues are identified, logged, reported and resolved in a timely manner.
* Review drawdowns and distributions and ensure the expected procedures have been followed.
* Co-ordinate with fund administrators and AIFM's to ensure that the depositary duties can be undertaken and all necessary information is received in a timely manner.
* Review periodic client and fund board reports.
* Present reports to board at periodic board meetings.
* Manage client queries and/or concerns.
* Attend annual due diligence meetings with fund administrators and investment managers.
* Ensure readiness for annual SOC assurance testing and assist with responses to any points raised in the review process and queries resulting from the SOC report.
* Keep up to date with client matters and weekly RNS reports, and flag issues and/or relevant information where necessary.
* Assist in recruitment of junior staff.
* Staff management – train analysts and conduct performance check-ins / appraisals on direct reports.
* Review and improve systems and procedures where appropriate to ensure efficiency across direct reports and the department.
* Highlight significant issues to line manager and senior management.
Essential Requirements
* Experience in Depositary, Trustee or Fund Accounting of private equity or real estate funds.
* Experience of managing a team.
* Experience of working with a portfolio of clients.
* Self-managed and proactive at all times.
* High level of accuracy and excellent attention to detail.
* Strong problem-solving abilities.
* Excellent planning and organisation.
OUR COMMITMENT TO INCLUSION & WELLBEING
JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.