Portfolio Administration & Reporting
The Portfolio Administration & Reporting team within the middle office is responsible for providing reliable and timely information to the Investment teams in relation to cash balances, stock positions, subscriptions & redemptions and NAVs.
The team acts as intermediary in the flow of information from various transfer agencies, fund accountants and custodians, and verify the validity of information. The team is also responsible for ensuring the release of client reporting.
Cash Reconciliation:
* Daily reconciliation of all cash balances and transactions of a dedicated group of funds.
* Ensuring all cash breaks are investigated, following up with either internal departments or custodians.
* Dealing promptly with all queries from Portfolio Managers regarding cash balances projected in the front office system.
Stock Reconciliation:
* Monthly reconciliations of security positions of a dedicated group of funds.
* Responsibilities under the Stock Reconciliations process mirror those of the Cash Reconciliation.
NAV Reconciliation:
* To reconcile the NAVs generated in the front office system against the Fund Administrators NAV.
* Ensuring breaks are investigated and any issues in the front office system are resolved.
* Liaising with the Investments and Risk teams in relation to any queries on these NAVs.
Client Reporting:
* Production of client reporting at the required frequency and within set deadlines.
* Reviewing and performing controls on the content of the reports, querying with internal departments to resolve any issues.
Subscriptions & Redemptions:
* Ensuring the timely receipt of estimated and confirmed reporting from the Transfer Agents and the successful processing of this data into the front office system.
* Following up on any issues with the above and responding to Portfolio Managers queries.