International Asset Management Limited (“IAM”) is a leading independent asset manager specialising in alternative investments. Founded in 1989, it’s core values are high quality independent research, due diligence and operational expertise. In 2015, IAM launched the IAM Investment ICAV; an Alternative UCITS platform that aims to bring high quality offshore managers into the UCITS space. Today IAM offers three different lines of business, including Bespoke Solutions, the IAM UCITS Platform and Funds of Alternative Funds. For further information please visit our company website: www.iam.uk.com
About the Role
Piccadilly based Asset Manager specialising in Fund of Hedge Funds and UCITS seeks a senior investment operations candidate to work as part of a small operations team covering an array of functional areas. The role reports into the COO and you will be a member of the IAM PMC (Portfolio Management Committee). The role is four days in the office (Mon-Thurs) and Friday working from home.
Salary range and compensation package: TBC
Responsibilities
INVESTMENT ACCOUNTING (40%)
- Reconciliation of cash and invested positions against custodian/administrator records and shareholder statements.
- Production of portfolio valuations and shadow accounting.
- Monitoring of fee accruals and payments, including Management and performance fees.
- Review and approval of administrator NAVs for Fund of Hedge Fund portfolios and PE AIF funds.
- FX hedging including monitoring of P&L and calculation and monitoring of hedge ratios.
- Liaising with administrators to obtain monthly statements and contract notes for investments. Organising statements and notes on SharePoint as required.
- Review of monthly client reports.
- Daily liaison with Client Relations Team and providing them with reports on a scheduled and ad hoc basis.
- Maintaining records on our core accounting system, Webfolio.
PRODUCT MANAGEMENT (20%)
- Supporting the wider firm with UCITS regulation MIFID requirements, performance matrices, client flows:
- Liaising with fund counsel to enact fund registrations.
- Liaising with 3rd part MIFID reporting provider for production of KID/KIIDs.
- Maintaining investor registry.
DEALING (40%)
- Dealing-Instructing and processing of fund trading to custodians and execution agents as required (including review of fund T&C, onboarding with custodians).
- Liaising with investment committee and operations teams as required to secure trade approval and process trades.
- Produce cash/liquidity projections.
- Process Corporate actions.
Requirements
- Good understanding of the Fund of Fund/Hedge Fund/UCITS industry with previous Fund Accounting experience essential.
- Solid understanding of financials (valuations, accruals etc.) and portfolio performance (contributions, P&L impacts).
- Candidate must be highly numeric with excellent attention to detail and must be extremely well organised and diligent.
- Experience with Webfolio system would be considered advantageous.
- Experience in UCITS funds considered advantageous.
Equal Opportunity Statement
We are committed to diversity and inclusivity in our hiring practices.
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