Associate - European Fund Operations

Waystone; Ireland; On-site; EUR 40,000 - 55,000; Full time

Job summary

A leading asset management firm in Ireland is seeking an Associate for European Fund Operations. This role involves managing ongoing oversight of fund reporting, ensuring regulatory compliance, and assisting with audits. Candidates should have a degree in Business/Finance/Accountancy and 1-2 years of experience in fund administration or similar. Strong networking and analytical skills are essential, along with effective time management and attention to detail. The position offers opportunities for professional development in a collaborative team environment.

Qualifications

• 1-2 years’ experience within a Fund administration or similar operational environment.
• Knowledge of NAV production and/or financial reporting is desirable.
• Strong ability to build relationships and work in a fast-paced environment.

Responsibilities

• Manage oversight of fund reporting and ensure regulatory compliance.
• Validate NAVs produced by Fund Administrators.
• Assist in the audit process for managed funds.

Skills

Networking skills

Attention to detail

Analytic skills

Time management

Communication skills

Education

Degree in Business/Finance/Accountancy

Tools

MS Office

Information management software

Job description

For over 20 years, Waystone has been at the cutting edge of specialist services for the asset management industry – partnering with institutional investors, investment funds and asset managers. We work with our clients to help build, support, and protect investment structures and strategies worldwide.

Our success depends upon our ability to attract and retain the best, most diverse talent and provide our employees with a broad spectrum of professional development opportunities. Our workplace environment is an inclusive one, where employees can be themselves, reach their full potential and drive business results.

Summary of the role

The Associate – European Fund Operations will assist the Fund Operations team in the management of ongoing oversight of fund reporting provided to Waystone Management Company business by Administrators and other delegates, covering both AIFM and UCITS Management Company responsibilities. This role will support the European team in the management of International Investments for clients of Waystone and help to ensure ongoing regulatory compliance for these clients.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Engage in the key Net Asset Value oversight for underlying funds, which includes:
  • Validating NAVs produced by Fund Administrators
  • Review of individual asset valuations to ensure compliance with WMC Valuation Policy
  • Fund Budget creation, review and on-going supervision of costs
  • Ongoing analysis of total expense ratios, fee accruals and invoicing process
• Collaborate closely on a regular basis with service providers (including Company Secretaries, Administrators, Auditors and Investment Managers) to monitor service levels of delegates.
• Support the annual and semi-annual audit process for managed funds, including assistance in the completion of relevant audit reporting on behalf of WMC as required dependent on fund domicile.
• Process LEI and ISIN requests for new funds and annual renewals for existing funds.
• Investigate operational incidents with relevant delegates to ensure they are satisfactorily resolved.
• Help in the winddown and liquidation process for the funds closing down.
• Ensure on-going adherence to policies and co-ordinate with other internal teams to ensure successful servicing of Funds and SPVs on compliance, monitoring and regulatory reporting matters.
• Liaise closely with the various internal teams, covering Operations, Compliance, Relationship and Risk teams to evaluate the financial risks and operational risks of each client on an on-going basis, resolving and escalating to the Associate Director as appropriate.
• Keep abreast of regulatory changes.
• Aspire to be the technical expert in UCITS and AIFs.
• Actively participate in meetings, prepare and attend technical training.
• Assist colleagues with completion of ad hoc projects.
• Foster positive team environment and ensure open communication.
• Assist in the development, implementation and monitoring of policies and procedural manuals.

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

• A degree in Business/Finance/Accountancy.

Experience

• Min 1-2 years’ experience within a Fund administration or similar operational environment.
• Strong networking skills and adept at building relationships.
• Knowledge of NAV production and/or financial reporting (desirable).
• Must be able to work in a fast-paced environment, including reporting and providing support to various members of the team.
• Outstanding time management, organizational skills, oral/written communication skills, critical thinking and attention to detail is required.
• Strong MS Office and Analytic Skills; mid-level information management software experience required.