Senior Associate - UK Fund Operations

Smart Communications group; London; On-site; GBP 60,000 - 80,000; Full time

Job description

Job Details: Senior Associate - UK Fund Operations

Location: London

Employment Type: Permanent

Department: Client Operations

Who are we looking for?
Exciting new opportunity to support Carne’s UK Authorised Fund Management business; as the team in London is small, there will be the opportunity to perform activities outside of their main responsibilities which will aid the running of the team.

What are the minimum requirements you need for the role?

• 3-4 years’ experience of working for a Fund Administrator or an Authorised Fund Manager that oversees fund NAV production.
• Third level qualification in business/finance/economics or similar.
• Recognised accounting qualifications preferred.
• Detailed knowledge and understanding of private market funds/asset classes (P.E, Infrastructure, Real Estate, Private Credit).
• Detailed understanding of operational processes performed by Fund administrators.
• Detailed understanding of fund accounting, including accruals and productions of financial statements (knowledge of IA SORP an advantage).
• Detailed understanding of operational processes performed by an authorised asset management business.
• Have a good knowledge of MS Excel & a mindset to automate.

What is your role and your responsibilities?
Provide 2nd level checks and controls for fund operation activities carried out by our colleagues in Kilkenny & Wexford. You'll also be responsible for developing, implementing and maintaining an effective control framework to ensure all our private market funds operate in compliance with the regulatory requirements and agreed SLAs.

Tasks will include, but not be limited to the following:

Daily

• General support to our overall Oversight Function.

Monthly

• Review fund expenses against budgets.
• Liaise with Risk & Valuation function to get confirmation of private asset valuations.
• Review & sign off monthly NAVs.
• Review & sign off fund expense payments.
• Attend delegate service calls.

Ad Hoc

• Review and opine on operational aspects of fund documentation when onboarding new funds.
• Assist with operational set up of new funds.
• Liaise with Fund Administrators.
• Oversee any capital call/distribution activity.
• Review financial statements.
• Review and sign off internal and external delegate SLAs/KPIs.
• Provide subject matter expertise to any RFPs and due diligence.
• Oversee Assessment of Value process for qualifying funds.

Responsibilities:

• Oversee the administration and NAV process of all UK private markets funds.
• Ensure that processes of reconciliation are followed, ensuring exceptions are monitored throughout to the completion.
• Gather MI required by the Firm’s Funds’ Oversight Committee.
• Identify and report any operational and enterprise risks in relation to the firm’s activities.
• Ensure appropriate controls and/or mitigation plans are in place on managing any operational risks.
• Advise the line manager of any areas of concern and issues that could arise.
• Demonstrate the Business Principles consistently (Integrity, Client, People and Excellence).

What Competencies do you require?

• Excellent communication and influencing skills.
• Effective relationship management with internal and external stakeholders.
• Strong organisational skills.
• Ability to adapt in a dynamic work environment.
• Drive and motivation.

Who is Carne Group?
Carne Group has established itself in the funds industry with $2tn in AUM supported by 700+ staff and four regulated management companies. Together with a large team of industry specialists, Carne serves more than 650+ traditional and alternative asset management clients from key fund jurisdictions and financial hubs including Ireland, Luxembourg, Zurich, Lisbon, London, New York, Cayman and Channel Islands.

Excellence and innovation are central to Carne’s work and we are committed to attracting and retaining the best talent to deliver an unrivalled service to our clients. Whilst working with Carne, you will be provided with opportunities to develop your skills and experience by working in a dynamic, innovative, and multicultural environment where exciting careers are built.

We love hearing from anyone who is enthusiastic about changing the asset management industry. Not sure if you meet all the requirements? Let us decide! Research shows that members of other under-represented groups tend not apply to jobs when they think they may not meet every qualification, when in fact, they do! At Carne we are committed to creating a diverse and inclusive environment and strongly encourage you to apply.