The Portfolio Administration & Reporting team within the middle office is responsible for providing reliable and timely information to the Investment teams in relation to cash balances, stock positions, subscriptions & redemptions and NAVs. The team acts as intermediary in the flow of information from various transfer agencies, fund accountants and custodians, and verify the validity of information. The team is also responsible for ensuring the release of client reporting.
What you will be responsible for
Cash Reconciliation:
· Daily reconciliation of all cash balances and transactions of a dedicated group of funds. Reconciliations against custody cash statements are performed using applications within the ALTO Platform.
· Ensuring all cash breaks are investigated, following up with either internal departments or custodians. Resolving them as soon as practical to ensure the trading data in the front office system remains accurate.
· Dealing promptly with all queries from Portfolio Managers regarding cash balances projected in the front office system. Queries may also come from other departments such as Risk.
Stock Reconciliation:
· Monthly reconciliations of security positions of a dedicated group of funds. Reconciliations are performed against custody data using applications within the ALTO Platform.
· Responsibilities under the Stock Reconciliations process mirror those of the Cash Reconciliation.
NAV Reconciliation:
· To reconcile the NAVs generated in the front office system against the Fund Administrators NAV. The frequency of reconciliation is dependent on each fund, as is the level of detail of reconciliation.
· Ensuring breaks are investigated and any issues in the front office system are resolved.
· Liaising with the Investments and Risk teams in relation to any queries on these NAVs.
Client Reporting:
· Production of client reporting at the required frequency and within set deadlines.
· Reviewing and performing controls on the content of the reports, querying with internal departments to resolve any issues.
Subscriptions & Redemptions:
· Ensuring the timely receipt of estimated and confirmed reporting from the Transfer Agents and the successful processing of this data into the front office system.
· Following up on any issues with the above and responding to Portfolio Managers queries.
If you have experience in this area and are looking for a new position, send your CV to c[email protected] for a confidential chat.
