Senior Depositary Analyst

JTC Group; Fareham; On-site; GBP 40,000 - 60,000; Full time

Job summary

A financial services firm is seeking a Senior Depositary Analyst to oversee fund compliance under AIFMD in Fareham, UK. Responsibilities include reviewing valuations, monitoring cash flow, and coordinating with fund administrators. Ideal candidates will have fund accountancy or audit experience, and qualifications like ACCA or ACA. This role also involves training junior staff and supporting onboarding of new clients. A commitment to inclusion and employee wellbeing is emphasized, providing a supportive workplace environment.

Qualifications

• Experience in a Fund accountancy role or audit experience.
• Previous experience in Trustee, Fund Accounting or Transfer Agency.
• Demonstratable experience as a Senior Depositary Analyst.

Responsibilities

• Review fund valuations and accounts for accuracy.
• Maintain asset registers and verify ownership.
• Monitor daily cash flow of fund bank accounts.
• Prepare periodic client and fund board reports.
• Assist with client onboarding and supervise junior staff.

Skills

Fund accountancy

Audit experience

Client onboarding

Cash flow monitoring

Education

Part qualified / qualified in ACCA / ACA

Job description

This role involves ensuring that INDOS fulfils its responsibilities under the depositary requirements of the Alternative Investment Fund Management Directive (AIFMD) and the UK Financial Conduct Authority’s requirements applicable to depositaries under the UK FUND Rules. The role will focus on our diverse range of private equity, real estate and debt fund clients, including investment trusts listed on the London Stock Exchange as well as UK and non-EU limited partnership and fund structures.

The primary responsibilities will be in the areas of “Cash Flow Monitoring”, “Record Keeping and Verification of Other Assets” & “Oversight”. This includes review of significant and inconsistent cash transactions, verification of asset ownership, and a range of oversight duties including ensuring compliance with the fund rules, review of shareholder transactions and fund valuations.

Reporting to the Depositary Managers, the Senior Depositary Analyst is responsible for a number of client funds and carrying out reviews of those funds in a timely manner and in accordance with internal procedures.

The role will also include supporting Management in training and supervising members of staff in the Whiteley, Fareham office.

MAIN RESPONSIBILITIES AND DUTIES

• Review fund valuations and accounts, in line with department defined timelines and procedures, to ensure they have been completed accurately and in accordance with the fund documentation.
• Maintain asset registers and undertake procedures to verify the fund’s ownership of those assets.
• Ensure daily cash flow monitoring of fund bank accounts is undertaken.
• Ensure that funds are compliant with key underlying fund documentation and any issues are identified, logged and resolved in a timely manner.
• Review drawdowns and distributions and ensure the expected procedures have been followed.
• Co-ordinate with fund administrators and investment managers to ensure that the depositary duties can be undertaken and all necessary information received in a timely manner.
• Prepare periodic client and fund board reports.
• Assist with onsite visits to fund administrators and investment managers.
• Work effectively within the team but show appropriate levels of initiative.
• Facilitate open communication with Depositary team members and client staff members to identify any potential issues/improvements.
• Assist management with on-boarding of new clients and funds.
• Supervising and assist in the training and development of more junior staff.

ESSENTIAL REQUIREMENTS

• Ideally experience working in a Fund accountancy role/s or alternatively audit experience.
• Ideally part qualified / qualified in a relevant professional qualification such as ACCA / ACA or equivalent.
• Previous experience in Trustee, Fund Accounting or Transfer Agency a distinct advantage.
• Experience of working with a portfolio of clients.
• Demonstratable experience operating at Senior Depositary Analyst level in a previous organisation.
• Competent and confident in the onboarding of new clients and funds.

OUR COMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.

Whether you are just starting out or seeking new challenges, JTC offers an environment where you can grow, develop, and succeed at every stage of your career.

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