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- Tasks: Oversee fund accounting activities and ensure compliance with regulations.
- Company: Join Royal London, the UK's largest mutual life and pensions company, focused on member benefits.
- Benefits: Enjoy a supportive work culture with opportunities for growth and development.
- Why this job: Make a real impact in finance while working with award-winning teams.
- Qualifications: Fund accounting experience and strong communication skills are essential.
- Other info: This role operates under an Umbrella/PAYE engagement model.
The predicted salary is between 36000 - 60000 £ per year.
Royal London is a financial services company with a difference. As the UK's largest mutual life, pensions and investment company, we're owned by our members and work for their benefit, not for shareholder profits. We've grown rapidly and have been recognised as one of the UK's top rated places to work. Today, Royal London has over £114 billion of funds under management, and around 3,500 employees working in six offices across the UK and Ireland. We've worked hard to become experts in our specialist markets, building a trusted brand - and our teams have plenty of awards to show for it. Whatever team you're interested in joining and whatever role you play, we'll help you to make a difference.
Purpose of the Role:
This role is responsible for overseeing the outsourced fund accounting activities provided by third-party administrators (HSBC and State Street) for a wide range of regulated investment funds at RLAM.
As a Fund Accounting Oversight Analyst, you will be responsible for:
- Supervising, monitoring, and signing off on fund accounting reports and controls, with a key focus on oversight of outsourced fund accounting activities managed by HSBC and State Street.
- Conducting daily NAV reviews, monitoring share class and income movements, reviewing fair value adjustments, and overseeing weekly valuation sign-offs by fund managers.
- Reviewing monthly unit cost sheets, and overseeing key fund calculations including yield, dilution, distribution, and net fund income.
- Supporting daily pricing oversight for equity and fixed income securities across all RLAM-managed products and assist in reporting to the Valuation Oversight Committee.
- Undertaking oversight of existing and new funds to ensure compliance with business objectives and FCA regulatory requirements (e.g., outsourcing thematic review and Dear CEO letter).
- Providing operational oversight and sign-off for fund launches, closures, or migrations.
- Acting as a subject matter expert on operational fund accounting issues and coordinate with internal and external stakeholders including operations, sales, and marketing.
- Leading and supporting process and technology enhancement projects to improve efficiency, reduce risk, and strengthen controls.
What we require from the candidate:
- A fund accounting background working within either asset management or a third-party administrator within an operational context.
- Knowledge around NAV calculations/estimations/oversight and security pricing.
- Involvement in project work would be helpful.
- You must be able to demonstrate excellent communication skills, both written and verbal as well as a passion for working in the asset management industry.
- Relevant industry qualifications i.e. IOC, IMC, CAIA (attained or working towards).
- Accountancy qualifications preferable.
Next steps:
This client will only accept workers operating via an Umbrella/PAYE engagement model. If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and speak to one of our sourcing specialists now.
Contact Detail:
Alexander Mann Solutions (Contingent) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Analyst - Alexander Mann Solutions (Contingent)
✨Tip Number 1
Familiarise yourself with the specific fund accounting processes used by Royal London, especially those related to NAV calculations and oversight. Understanding their operational framework will help you speak confidently about how your experience aligns with their needs.
✨Tip Number 2
Network with current or former employees of Royal London or similar firms. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Stay updated on the latest trends and regulations in the asset management industry. Being knowledgeable about current events and regulatory changes will demonstrate your commitment and expertise during discussions.
✨Tip Number 4
Prepare to discuss any relevant project work you've been involved in, particularly those that improved efficiency or reduced risk. Highlighting your contributions in these areas can set you apart as a candidate who adds value.
We think you need these skills to ace Fund Analyst - Alexander Mann Solutions (Contingent)
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Fund Analyst position. Tailor your application to highlight relevant experience in fund accounting and asset management.
Highlight Relevant Experience: In your CV and cover letter, emphasise your background in fund accounting, particularly any experience with NAV calculations and oversight. Mention specific projects or roles that demonstrate your expertise in this area.
Showcase Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application that illustrate your written and verbal communication abilities. This could include reports you've written or presentations you've delivered.
Include Industry Qualifications: If you have relevant industry qualifications such as IOC, IMC, or CAIA, make sure to mention them prominently in your application. If you're working towards these qualifications, indicate your progress to show your commitment to professional development.
How to prepare for a job interview at Alexander Mann Solutions (Contingent)
✨Know Your Numbers
As a Fund Analyst, you'll be dealing with NAV calculations and fund accounting reports. Brush up on your financial knowledge and be prepared to discuss specific examples of how you've handled these in the past.
✨Demonstrate Communication Skills
Excellent communication is key in this role. Be ready to showcase your ability to explain complex financial concepts clearly, both in writing and verbally. Consider preparing a brief explanation of a past project where you had to communicate with various stakeholders.
✨Showcase Your Project Experience
If you've been involved in any project work, make sure to highlight this during your interview. Discuss your role, the challenges faced, and the outcomes achieved. This will demonstrate your ability to contribute to process and technology enhancements.
✨Understand Regulatory Requirements
Familiarise yourself with FCA regulatory requirements and how they impact fund accounting. Being able to discuss compliance issues and how you've navigated them in previous roles will show your depth of knowledge and commitment to the industry.
