Fund Associate Job Description
Fund Associate Duties & Responsibilities
To write an effective fund associate job description, begin by listing detailed duties, responsibilities and expectations. We have included fund associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Fund Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Associate
List any licenses or certifications required by the position: CPA, CFA, BA, PMP, SCWCD, SCJP, PM
Education for Fund Associate
Typically a job would require a certain level of education.
Employers hiring for the fund associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Economics, MBA, Communication, Education, Technical, Business/Administration, Associates
Skills for Fund Associate
Desired skills for fund associate include:
Desired experience for fund associate includes:
Fund Associate Examples
Fund Associate Job Description
- Perform accounts payable function, record general ledger/cash entries payment set-up and initiation
- The ideal candidate will analyze funds and assist the senior members of fund diligence team through team resource allocation, managing day-to-day aspects of fund analysis and oversight of the functional team, assisting in communication with General Partners and clients
- Additionally, the person will be able to provide training and functional guidance for Analysts
- The person will take a meaningful role in General Partner meetings and site visits with senior staff oversight
- Full knowledge of analytics and qualitative factors crucial to fund analysis are imperative and the candidate must be able to review models conceptually and participate in negotiations of partnership documents
- Complete special projects, including client projects, industry analysis and geographical studies, as necessary
- The position will provide exposure to the top firms in the private equity industry and will also include interaction with senior members of the firm on a daily basis
- Interaction with Prime Brokers, Executing Brokers, and the Administrator
- Margin Call verification
- Maintenance of the Operations Procedure Manual
- Minimum 2 year M&A experience in Global Investment Bank in Japan
- Exceptional verbal and written communication skills and measurable success as a strategic thinker are essential to the success of this position
- Ability to present and defend opinions and investment theses
- Cash and position reconciliation
- Cash and collateral management
- Communicating and maintaining relationships with 3rd party vendors
Fund Associate Job Description
- Prepare regulatory reports such as 24f-2 and Form N-1A and Form N-SAR to ensure compliance with regulations and consistency among filings to ensure filings are free of material misstatements
- Ability to work within centralized teams in support of the financial statement production process
- Develop and maintain good working relationships with internal and external customers and business partners through effective written and verbal communication skills to obtain necessary information in order to resolve/escalate issues and ensure a smooth production process
- Coordinating with various teams like Centralized Exception Reporting Team (CERT), Risk-Analytics team, Investor Services team, Tax Team etc
- Manage the distribution of Fund documents to client base including but not limited to performance updates, investor letters, transparency reports, audited financials
- Process all investor transactions, including subscriptions, redemption and transfers
- Assist potential investors with questions regarding Subscription and Redemption paperwork and questions on Offering Memoranda details
- Distribute confirmations to new investors on all capital transactions
- Enter transactional information into firms CRM system and cross track data to ensure accuracy
- Monitor fund families and manager headlines for news events
- Knowledge in Hedge Funds
- Strong English communication skills (both written and verbal) necessary
- Knowledge of different product types, including but not limited to derivatives (total return swaps, credit default swaps, interest rate swaps, futures, forwards), bonds, options, equity instruments
- FINRA Series 6 & 63 licenses within 8 months of start date
- Must be proactive, self-motivated individual, with an excellent work ethic and strong-ability to multi-task within a fast paced environment
- Ability to work as a member to several teams, which requires flexibility and adaptability
Fund Associate Job Description
- Maintain controls and procedures associated with fund launches, modifications, terminations and transitions
- Assisting with the calculation of distributions and NAVs any capital calls from Investors
- Responsible for all fund/client reports (monthly, quarterly and annual reports) supporting with ad-hoc requests, RfPs from existing clients and potential clients and any other internal or external requests
- This Operations Associate will have a primary focus on private fund reconciliation within our portfolio system
- They will work with internal clients and third party administrators as needed for the launch of new funds, tracking capital calls and disbursements as they occur, and assisting with any data requests related to the private funds
- This associate will also be the primary contact for one of our internal clients, assisting in a daily reconciliation process for their accounts, with monthly adhoc reporting requests including performance and composite analytics
- Present investments to the foundation's Investment Committee
- Manage and monitor portfolio investments and facilitate interactions between investees, program teams and the foundation's Investment Committee with regards to strategic, financial and legal opportunities/issues
- Research and evaluate investment strategies and specific companies/investment opportunities as part of program strategy development those arising from relationships with existing investees and co-investors
- Review all trade requests such as purchases, redemptions, switches, transfers, systematic plans, and non-financials for proper documentation and authorization
- Updates of security information (e.g., prices, ratings, cash flows)
- In addition to the monthly processes, there are quarter-end tasks that need to be performed
- Apart from processing the client databases, the Investment Accountant may be asked to assist our Consulting Services staff with converting data for new Clients into our systems."
- Candidates to research on hedge funds industry and demonstrate how much they understand of it
- Or prior related experience
- Mutual fund regulatory, GAAP and tax knowledge preferred
Fund Associate Job Description
- Review and administer various government forms and internal reports
- Resolve telephone and email inquiries from internal departments in an efficient and professional manner
- CSC and/or IFIC courses an asset
- Mutual fund experience a desired asset
- 1 -2 years' experience within the financial services industry an asset
- Able to work well under pressure and demanding workloads
- Routine office environment requiring incumbent to be on a computer terminal for majority of a scheduled workday
- Must be flexible and able to work overtime during specific times of the year
- Ensure all trade requests such as purchases, redemptions, switches, transfers, systematic plans, and non-financials are reviewed for proper documentation and authorization and where relevant, routed to the correct department for processing
- Process all valid trade requests in a timely and efficient manner while rejecting not in good order items to Resolutions (outbound service)
- Should have working knowledge of asset classes like equities, bonds, futures, options and swaps how they operate in real world
- Experience on Advent Geneva system would be preferred – an added advantage
- Ability to explain general fund accounting principles, cash and asset reconciliation items, and calculation of interest income, amortization, dividends, complex corporate actions
- Proficient technical skills with the core Microsoft Office suite of products (Excel, PowerPoint, Word, Access) & external market vendor application (Bloomberg, FTS etc)
- Knowledge of the theoretical and technical nature of mutual and commingled fund accounting and administration, all review procedures and controls
- Degree in Finance or Accounting or a related field
Fund Associate Job Description
- Recognize potential issues and report to management immediately for further escalation
- Special projects throughout the year as assigned
- CSC, IFIC, and/or related industry courses an asset
- Minimum 2 years' experience within financial services industry
- Review and analysis of compliance for a group of approximately 35-40 mutual funds
- Daily review of automated compliance reports, including research and reconciliation of compliance alerts, warnings, and data exceptions
- Weekly compilation and review of compliance with asset segregation requirements
- Review of monthly compliance packets
- Ensure compliance with fund mandates by performing prospectus reconciliations, including in-depth reviews of each fund’s prospectus, statement of additional information, portfolio manager checklist, and compliance tests
- Coordinate annual prospectus review meetings
- Internship or previous work experience preferred
- O-Strong verbal and written communication skills
- O-Good time management, planning and organization skills
- O-Demonstrated ability to function in a fast paced, ambiguous environment working with multiple business partners and diverse responsibilities
- O-Ability to adjust to change
- O-Experience in computer applications