At a Glance
- Tasks: Monitor cash flow, verify assets, and ensure compliance for client funds.
- Company: Join Gen II, a leader in fund management with a supportive team culture.
- Benefits: Competitive salary, career development, and potential for agile working.
- Other info: Opportunity to train junior staff and manage your own client portfolio.
- Why this job: Make a real impact in finance while developing your skills in a dynamic environment.
- Qualifications: Experience in fund administration or accounting, strong analytical and communication skills.
The predicted salary is between 50000 - 60000 £ per year.
Working from our Southampton office, you will be assisting Gen II in carrying out its responsibilities under the depositary requirements of the Alternative Investment Fund Management Directive (AIFMD), namely cash flow monitoring, record keeping and verification of assets and general oversight.
What you’ll be doing:
- Ensure daily cash flow monitoring of client bank accounts is undertaken
- Maintain asset registers and undertake procedures to verify the ownership of those assets
- Review of drawdowns and distributions, ensuring the expected procedures have been followed
- Quarterly review of management account information, valuations and reconciliations
- Review the reconciliations of monthly cash activity
- Correspond with clients and intermediaries
- Ensure funds are compliant with key underlying fund documentation and that any issues are identified, logged and resolved in a timely manner
- Prepare and present periodic client reports
- Assist with on-site visits to investment managers and fund administrators
- Organising own client portfolio, prioritising workload and dealing with matters in a timely manner
- Work effectively within the team but show appropriate levels of initiative
- Assist with the onboarding of new clients and funds
- Supervise and assist in training and development of more junior staff
The ideal background for this role:
- Experience of working in Depositary, Fund Administration or Fund Accounting of private equity or real estate funds
- Experience of working with a portfolio of clients
- Strong analytical skills and attention to detail
- Excellent communication and client service skills
- Experience of managing a team
- Sound academic background (preferably Finance/Accounting related)
- Sound knowledge of Microsoft Office, including Excel and Word
Role Location/Hybrid Schedule:
This role is based in our Southampton office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working. The different ways in which Agile Working can be undertaken is dependent on the demands and needs of the business, the office space available and the individual’s preferences and circumstances.
Depositary Manager in Southampton employer: Gen II Fund Services
Gen II is an exceptional employer, offering a dynamic work environment in Southampton where you can thrive as a Depositary Manager. With a strong emphasis on employee growth and development, we provide opportunities for training and advancement while fostering a collaborative culture that values initiative and teamwork. Our commitment to work-life balance is reflected in our Agile Working options, ensuring that you can manage your workload effectively while contributing to meaningful client relationships.
StudySmarter Expert Advice🤫
We think this is how you could land Depositary Manager in Southampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and fund management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Gen II and understanding their depositary requirements under AIFMD. Tailor your responses to highlight your experience in cash flow monitoring and asset verification. Show them you’re the perfect fit for their team!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on showcasing your analytical skills and client service experience, as these are key for the Depositary Manager role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Depositary Manager position!
We think you need these skills to ace Depositary Manager in Southampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Depositary Manager role. Highlight your experience in depositary, fund administration, or fund accounting, and don’t forget to showcase those strong analytical skills and attention to detail we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team in Southampton. Mention specific experiences that relate to cash flow monitoring and client communication, as these are key parts of the job.
Showcase Your Team Spirit:We love a good team player! In your application, share examples of how you’ve worked effectively within a team and taken the initiative. This will show us you can handle the collaborative nature of the role while also managing your own client portfolio.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at Gen II Fund Services
✨Know Your AIFMD Inside Out
Make sure you brush up on the Alternative Investment Fund Management Directive (AIFMD) and its depositary requirements. Understanding cash flow monitoring, record keeping, and asset verification will show that you're not just familiar with the role but genuinely interested in it.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where your analytical skills made a difference in your previous roles. Whether it's reviewing management accounts or reconciling cash activity, having concrete examples ready will demonstrate your capability and attention to detail.
✨Communicate Like a Pro
Since this role involves liaising with clients and intermediaries, practice articulating your thoughts clearly and confidently. Think about how you can convey complex information simply, as effective communication is key in this position.
✨Demonstrate Team Spirit and Initiative
Be ready to talk about times when you've worked well within a team and also taken the initiative. This role requires balancing teamwork with independent responsibilities, so showing that you can do both will set you apart from other candidates.
