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- Tasks: Join our Fund Administration team to manage daily operations and ensure financial controls.
- Company: Federated Hermes is a global leader in responsible investment management with over $829 billion in assets.
- Benefits: Enjoy flexible working arrangements and a supportive, inclusive workplace culture.
- Why this job: Be part of a dynamic team that values innovation and continuous improvement in finance.
- Qualifications: No prior experience required; just bring your enthusiasm and strong organisational skills!
- Other info: We encourage applications from diverse backgrounds and offer support for candidates with disabilities.
The predicted salary is between 28800 - 43200 £ per year.
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Grade – Associate
Location – London
About Federated Hermes:
Federated Hermes, Inc. is a global leader in active, responsible investment management, with $829.6 billion in assets under management, as of December 31, 2024. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.
Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com
Main Function of Role:
The jobholder will be an Associate in the Fund Administration (Public) team for unitised funds. The team oversees the fund administration, currency management and custody processes for the Federated Hermes unitised funds, ensuring the appropriate oversight and financial controls are in place, and liaising with the relevant internal and external stakeholders.
Key task and responsibilities:
- Provide cover for the Manager, Fund Administration in their absence. Contribute to the day to day management of the BAU activities of the Fund Administration team, including regular daily tasks and query resolution.
- Build and maintain relationships with the third party suppliers that are utilised by Federated Hermes, to include input to the Service Level Agreements (SLA’s).
- Review deliverables from the third party suppliers against the agreed SLA’s & KPI’s, and help manage performance via the daily calls and weekly service meetings.
- Oversee the Net Asset Value process for third party administered funds, ensuring controls, processes and procedures are appropriately documented and adhered to and meet the Federated Hermes standards.
- Oversee the Transfer Agency process for third party administered funds, ensuring our clients are serviced to the standard that Federated Hermes expects. Ensure anti-money laundering regulations are adhered to, and complete client KYC documentation is in place.
- Oversee the expense ratio calculations and the impact this has on fund performance.
- Oversee the month end process, ensuring key controls are met in an efficient manner.
- Oversee the distribution process, ensuring key controls are met in an efficient manner.
- Contribute to query resolution in relation to the daily and month end controls. Maintain a log of reoccurring queries and perform trend analysis thereon to drive efficiencies in the Fund Administration team.
- Contribute to the Custody Process for the third Party administered funds ensuring adequate controls and processes in place around such activities as Market Openings, Network Management and Corporate action POA’s as well as other related activities.
- Perform targeted reviews of the processes and procedures of the external administrator in so much as they impact the daily and month end controls.
- Contribute to projects around new fund launches, fund closures and other ad hoc projects to ensure all fund administration requirements are met and provide ad hoc analysis to support project work.
- Produce monthly investor and transaction analysis for senior management.
- Participate in continuous improvement initiatives within the team making regular tasks as streamlined and effective as possible.
Experience Required:
- Experience of MS Excel and Word beneficial.
- Confident self-starter, with the ability to take the initiative within the remit of the role.
- Ability to build and maintain positive working relationships.
- Deadline and results focused; able to work and deliver solutions under pressure.
Candidate Profile:
- Good interpersonal and communication skills (written and oral).
- Strong organisational skills, with the ability to prioritise and manage a number of activities concurrently.
- Ability to co-ordinate activities with many stakeholders.
- Ability to work collaboratively across all departments and functions, interacting appropriately with both external service providers and internal stakeholders.
- Ability to lead discussions with external suppliers.
- Ability to present and interpret clear and relevant MI to a high standard.
- Team player.
- Willing to listen and learn.
Diversity, Equity, Inclusion and Flexible Working
We believe in genuine equality of opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.
We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.
We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector, particularly at senior levels.
We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at Jessica.sheehan@federatedhermes.com or +44 207 702 0888. You do not need to share details of your disability or long-term condition.
If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at Jessica.sheehan@federatedhermes.com or +44 207 702 0888 to discuss the support you need.
Seniority level: Entry level
Employment type: Full-time
Job function: Accounting/Auditing
Referrals increase your chances of interviewing at Federated Hermes by 2x.
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Associate – Fund Administration employer: Federated Hermes
Contact Detail:
Federated Hermes Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate – Fund Administration
✨Tip Number 1
Familiarise yourself with the key responsibilities of the Associate role in Fund Administration. Understanding the daily tasks, such as overseeing the Net Asset Value process and managing relationships with third-party suppliers, will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the finance and fund administration sectors. Attend industry events or join relevant online forums to connect with individuals who work at Federated Hermes or similar companies. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your Excel skills, as proficiency in MS Excel is beneficial for this role. Consider taking an online course or using tutorials to enhance your data analysis capabilities, which will be crucial for tasks like expense ratio calculations and monthly investor analysis.
✨Tip Number 4
Prepare to discuss your ability to manage multiple activities and coordinate with various stakeholders. Think of examples from your past experiences where you successfully handled similar situations, as this will showcase your organisational skills and teamwork abilities during the interview.
We think you need these skills to ace Associate – Fund Administration
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Associate role in Fund Administration. Emphasise your organisational skills, ability to manage multiple tasks, and any experience with financial controls or stakeholder management.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of Federated Hermes that attract you, such as their commitment to responsible investment management. Use this opportunity to showcase your interpersonal skills and how you can contribute to the team.
Highlight Relevant Experience: If you have experience with MS Excel, Word, or any financial management tools, be sure to mention these in your application. Provide examples of how you've used these skills in previous roles, especially in relation to fund administration or similar tasks.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role you're applying for.
How to prepare for a job interview at Federated Hermes
✨Know Your Numbers
As an Associate in Fund Administration, you'll be dealing with financial data regularly. Brush up on your knowledge of Net Asset Value calculations and expense ratios, as these are crucial to the role. Be prepared to discuss how you would ensure accuracy and compliance in these areas.
✨Demonstrate Relationship-Building Skills
This role requires liaising with various stakeholders, including third-party suppliers. Think of examples from your past experiences where you've successfully built and maintained professional relationships. Highlight your communication skills and ability to collaborate effectively.
✨Showcase Your Problem-Solving Abilities
The job involves query resolution and managing performance against SLAs. Prepare to discuss specific instances where you've identified problems and implemented solutions. This will demonstrate your proactive approach and ability to work under pressure.
✨Familiarise Yourself with Compliance Standards
Understanding anti-money laundering regulations and KYC documentation is essential for this position. Make sure you can articulate your knowledge of these compliance standards and how you would ensure adherence in your daily tasks.
