Trainee Fee Analyst

LGT Group; City of Edinburgh; Hybrid; GBP 32,000 - 42,000; Full time

Job summary

LGT Wealth Management UK LLP seeks a capable Operations Fee Analyst to support the end-to-end quarterly fee process and maintain accurate fee data. You will work with the Senior Fee Analyst and internal teams to ensure data accuracy, monitor fees for client detriment, and support discount approvals.

The role requires numeracy, analytical ability, and strong communication skills, along with experience in wealth management data entry and a finance/operations environment.

Qualifications

• Bachelor's degree in accounting, finance or related field, or equivalent work experience.
• Wealth Management data entry and/or maintenance experience in Operations/Finance environment is desirable.
• Highly numerate and accurate with an investigative approach to problem solving.
• Strong analytical skills with the ability to collect, organize and analyse significant amounts of information.
• Excellent verbal and written communications skills, and excellent time management abilities.
• Strong conceptual, analytical, judgment and communication abilities are important.

Responsibilities

• Process end-to-end quarterly fee data for the team.
• Monitor and assist with fee data amendments.
• Handle ad-hoc client fees in line with SOPs.
• Liaise with internal teams to ensure data accuracy.
• Continuously monitor data to identify incorrect fee setups or detriments to clients.
• Maintain and update fee discount registers and related approvals.
• Assist with testing data for Figaro releases and regulatory changes.

Skills

Numeracy

Analytical skills

Problem solving

Communication

Time management

Education

Bachelor's degree in accounting/finance

Tools

MS Excel

Job description

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Key Responsibilities

• Support the Senior Fee Analyst by processing the end-to-end operational fee process each quarter
• Monitor and work with the Senior Fee Analyst to manage the process for all fee data amendment requests
• Support the Senior Fee Analyst to process ad-hoc client fees in accordance with standard operating procedure.
• Where necessary liaise with internal teams to ensure high level of data accuracy
• Ongoing data monitoring to identify any incorrect fee set-ups
• Ongoing data monitoring to identify any fees which are at detriment to the client (i.e. above our standard rate)
• Ongoing monitoring of MI to assure staff account fees are in line with our policy
• Work with the Senior Fee Analyst to support the updating and management of the fee discount / fee holiday approval process for new and existing clients
• Work with the Senior Fee Analyst to support the maintenance of the fee discount register and review on a quarterly basis with the Head of Front Office and Front Office Team Heads
• Assist with the maintenance of client fee schedules ensuring accuracy and adherence to guidelines
• Own and maintain stakeholder support materials on the intranet.
• Develop a deeper understanding of the function, aiming towards become a subject matter expert in the process/function
• Improve processes and identify efficiencies and continuous improvements to benefit the business and its clients
• Demonstrate exemplary attention to detail, ensuring accuracy in all tasks

Assist the Project/IT teams with testing data regarding Figaro releases and upgrades and support other Strategic or Regulatory change items/improvements

Your profile

Technical Requirements

• Competent in all MS Office products – specifically Excel

Other skills, competencies, and attributes

• Bachelor's degree in accounting, finance or related field, or equivalent work experience
• Some Wealth Management and/or Financial Services data entry and/or maintenance experience gained within an Operations/Finance environment
• Highly numerate and accurate with an investigative approach to problem solving
• Strong analytical skills with the ability to collect, organize and analyse and disseminate significant amounts of information accurately
• Excellent verbal and written communications skills, and excellent time management abilities
• Strong conceptual, analytical, judgment and communication abilities are critical.

Transparency is important to us. That is why you will find everything that matters to us on our website – plus everything you should know about us before you meet us in person, open an account or apply for a job. That includes, for example, the history of the Princely Family, which is closely intertwined with our own.