At a Glance
- Tasks: Monitor cash flow, verify assets, and ensure compliance for client funds.
- Company: Join Gen II, a leading firm in fund management based in Southampton.
- Benefits: Competitive salary, hybrid working options, and opportunities for professional growth.
- Other info: Great career development opportunities and a supportive work environment.
- Why this job: Be part of a dynamic team making a real impact in the finance sector.
- Qualifications: Experience in fund administration or accounting, strong analytical skills, and excellent communication.
The predicted salary is between 50000 - 65000 £ 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: gen2fund.com
Gen II is an exceptional employer located in the vibrant city of Southampton, offering a dynamic work culture that prioritises employee growth and development. With a focus on teamwork and client service, employees benefit from opportunities to enhance their skills while enjoying a supportive environment that encourages initiative and innovation. The company's commitment to Agile Working allows for flexibility, making it an attractive choice for those seeking a meaningful career in the finance sector.
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 services. Tailor your answers to show how your experience aligns with their needs, especially in cash flow monitoring and asset verification. Confidence is key!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've successfully managed client portfolios or resolved issues in previous roles. This will demonstrate your attention to detail and problem-solving abilities, which are crucial 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. Good luck!
We think you need these skills to ace Depositary Manager in Southampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that match the Depositary Manager role. Highlight your background in fund administration or accounting, and don’t forget to mention any relevant client management experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for Gen II. Mention specific experiences that relate to cash flow monitoring and asset verification, and show us your enthusiasm for the role.
Show Off Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've used these in past positions. Whether it’s through managing client portfolios or reviewing financial data, we want to see your attention to detail!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the Gen II team!
How to prepare for a job interview at gen2fund.com
✨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 help you stand out.
✨Communicate Clearly and Confidently
Since this role involves liaising with clients and intermediaries, practice articulating your thoughts clearly. You might want to do mock interviews with friends or family to get comfortable with discussing complex topics in a straightforward manner.
✨Demonstrate Team Spirit and Initiative
Be ready to talk about how you've worked effectively within a team while also taking the initiative. Highlight any experiences where you’ve supervised or trained junior staff, as this will show your leadership potential and ability to manage a client portfolio.
