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- Tasks: Lead the financial reporting team and manage fund financial reporting tasks.
- Company: Valu-Trac has been a key player in the UK fund industry since 1985, managing over £17 billion in assets.
- Benefits: Enjoy a full-time role with opportunities for professional development and training.
- Why this job: Join a dynamic team and make an impact in fund accounting while gaining valuable experience.
- Qualifications: Ideal candidates should have strong analytical skills and experience in financial reporting.
- Other info: This is a fixed-term contract until December 2025, perfect for those looking to jumpstart their career.
The predicted salary is between 48000 - 72000 £ per year.
Valu-Trac was established in 1985. It provides accounting and administrative services to the UK fund industry for over 130 funds and has assets under administration of over £17 billion as at March 2025. As part of its role as ACD, Valu-Trac provides accounting and administrative services for funds supported by the Fund Operations team. The Fund Operations team are responsible for the pricing of funds and supporting shareholders through transfer agency activities.
The Assistant Fund Financial Reporting Manager will report to the Fund Financial Reporting Manager as part of the Fund Operations team. The Assistant Fund Financial Reporting Manager will be primarily responsible for the delivery of fund financial reporting for all funds. This is a Fixed Term Contract position until December 2025. We are seeking a candidate who is immediately available.
The main responsibilities for the role include:
- Management of the financial reporting team
- Assist with the development and training of the Fund Financial Reporting team
- Assist with the management of the preparation and completion of all statutory financial statements, solvency statements, liquidation reports etc.
- Assist with the planning of financial reporting team workload including timetables, action and issues log management
- Assistance with the preparation and filing of corporation tax returns for funds
- Management of the audit process including signing of financial statements, letters of representation etc.
- Assist in supporting the implementation of technical accounting, taxation and regulatory changes impacting fund accounting
- Assist in supporting corporate events on funds such as liquidations, launches and mergers from an accounting and taxation perspective
- Manage production of Key Performance Indicators (KPIs) and Management Information (MI) for Fund Financial Reporting and Taxation
- Manage year end adjustments and ongoing adjustments for financial statements and any associated NAV impact
- Manage offshore funds and Excess Reportable Income (ERI) adjustments and manage relationship with ERI data provider including accumulation dividend adjustment process
- Manage special dividend validation process between income and capital
- Manage maintenance and updating of procedures across fund financial reporting and taxation
- Provide support for projects and strategic enhancements providing input for the Fund Financial Reporting and Taxation team
Accounting and reporting knowledge of:
- UK Funds financial reporting and preparation of financial statements
- IA SORP
- Fund specific income such as Excess Reportable Income (ERI), equalization
- Accumulation and income dividends received from fund of funds
- Fund distributions
- Capital and revenue adjustments
Skills required:
- Ability to organise themselves and tasks
- Experienced in administration, preferably completing documentation
- Attention to detail
- Strong creative and analytical thinking
- Strong interpersonal skills
- Diversity of thought, complementary skills and capabilities
- Ability to work to tight deadlines
- Ability to work collaboratively with internal and external stakeholders
Assistant Fund Financial Reporting Manager (Fixed Term Contract) employer: Valu-Trac Investment Management Ltd.
Contact Detail:
Valu-Trac Investment Management Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Fund Financial Reporting Manager (Fixed Term Contract)
✨Tip Number 1
Familiarise yourself with UK fund financial reporting standards and regulations, especially IA SORP. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the fund management industry. Attend relevant events or webinars to connect with potential colleagues and learn more about the company culture at Valu-Trac.
✨Tip Number 3
Prepare to discuss your experience in managing financial reporting teams and handling audits. Be ready to share specific examples that highlight your leadership skills and attention to detail.
✨Tip Number 4
Research Valu-Trac's recent projects and strategic enhancements in fund financial reporting. Being knowledgeable about their current initiatives can set you apart during the interview process.
We think you need these skills to ace Assistant Fund Financial Reporting Manager (Fixed Term Contract)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial reporting and management. Emphasise any previous roles where you managed teams or were involved in statutory financial statements preparation.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific skills that align with the job description, such as your knowledge of UK funds financial reporting and your ability to work under tight deadlines.
Showcase Relevant Skills: Highlight your attention to detail, analytical thinking, and interpersonal skills in your application. Provide examples of how you've successfully collaborated with stakeholders in past roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is crucial for this role.
How to prepare for a job interview at Valu-Trac Investment Management Ltd.
✨Showcase Your Financial Reporting Knowledge
Make sure to brush up on your understanding of UK funds financial reporting and the preparation of financial statements. Be ready to discuss specific regulations like IA SORP and how they impact fund accounting.
✨Demonstrate Leadership Skills
As this role involves managing a financial reporting team, be prepared to share examples of your leadership experience. Highlight any previous roles where you developed or trained team members, as this will show your capability in guiding others.
✨Prepare for Technical Questions
Expect questions related to technical accounting, taxation, and regulatory changes. Familiarise yourself with common issues that arise in fund accounting, such as Excess Reportable Income (ERI) adjustments and special dividend validation processes.
✨Exhibit Strong Interpersonal Skills
This position requires collaboration with various stakeholders. Prepare to discuss how you've successfully worked with internal teams and external partners in the past, showcasing your ability to communicate effectively and build relationships.
