Entry Level - Fund Expense Management

Salesforce Sites; Ireland; On-site; EUR 32,000 - 46,000; Full time

Job summary

Carne Group in Ireland is seeking an Entry Level Associate to support the Fund Expense Management function. This newly created role will design, implement and maintain global oversight of Fund Expenses in line with regulatory requirements.

The role reports to the Head of Fund Expense Management Function, based in Ireland, with potential cross-border support. Ideal candidates will have a qualification in business/finance or funds experience and be proficient in MS Office.

Qualifications

• Recognised professional or third level qualification relevant to the role is preferred, or 1 year of funds industry experience.
• Proficient in MS Office applications.
• Knowledge of funds structures, fund expense oversight or other fund operations is advantageous.
• Understanding of UCITS and AIFMD regulations is beneficial.

Responsibilities

• Implement a consistent global model where appropriate.
• Perform day-to-day duties to ensure funds meet regulatory requirements in relevant jurisdictions.
• Develop SME oversight of fund costs.
• Ensure regulatory compliance across jurisdictions.
• Collaborate with oversight, client relationships, compliance and senior management to meet governance requirements.
• Coordinate issues with internal teams and escalate as needed.
• Conduct fund expense analysis, budget reviews, market/peer analyses, and TER/Ongoing Charges analyses.
• Prepare internal MIS and KPIs as required.
• Support staff development and training; supervise more junior staff.

Skills

Fund operations knowledge

Attention to detail

Communication

Education

Professional qualification or third-level qualification

Business/Finance/Data analytics related degree

Tools

MS Office

Job description

Job Details: Entry Level - Fund Expense Management

Full details of the job.

Vacancy Name

Vacancy Name Entry Level - Fund Expense Management

Location(s)

Employment Type

Employment Type Permanent

Department

Department Client Operations

Description

• A recognised professional or third level qualification, relevant to the role. A qualification in business, accounting, finance, data analytics or similar is preferred, or 1 year of experience in the funds industry.


• Proficient in MS Office applications.


• Prior knowledge of Funds structures, fund expense oversight or other fund operations would be a distinct advantage.


• Some existing knowledge of funds and/or Management Company activities including UCITS and AIFMD regulations.

Exciting opportunity to support and shape the delivery of operational excellence in Carne Group. This Associate position is a newly created position and will have a role in the design, implementation, and maintenance of a newly established Fund Expense Management function. This Fund Expense Management function will implement Carne’s global programme oversight of Fund Expenses in accordance with regulatory requirements. The successful candidate will report to the Head of Fund Expense Management Function, based in Ireland. The global function may support activities serviced by Carne in Ireland, UK, Luxembourg, Channel Islands and Switzerland.

This role requires strong ownership of personal responsibilities and deliverables. The role will involve a high level of interaction with internal teams and external delegates. This Associate role is an excellent opportunity to develop knowledge of management company operations and enhance career development opportunities.

Who are we looking for?

Ideal candidates will be ambitious professionals who are seeking to build their careers in a dynamic and fast-growing environment. The ideal candidate would have existing experience in fund operations – preferably in fund expenses either in management company, fund administrator or depositary roles.

What are the minimum Requirements you need for the role?

• A recognised professional or third level qualification, relevant to the role. A qualification in business, accounting, finance, data analytics or similar is preferred, or 1 year of experience in the funds industry.


• Proficient in MS Office applications.


• Prior knowledge of Funds structures, fund expense oversight or other fund operations would be a distinct advantage.


• Some existing knowledge of funds and/or Management Company activities including UCITS and AIFMD regulations.

What is your role and your responsibilities?

• Implement consistent global model where appropriate


• Perform day to day duties to ensure the funds under management meet regulatory requirements in each of the relevant jurisdictions.


• Develop SME role for oversight of fund costs.


• Ensure familiarity with regulatory requirements and potential changes in each of the relevant jurisdictions and to ensure regulatory compliance on an ongoing basis.


• Working with internal stakeholders such as oversight, client relationship managers, compliance and senior management to ensure regulatory & governance requirements are adhered to.


• Support team to coordinate issues with internal operational teams and elevate matters, in accordance with internal escalation policies.


• Perform duties to include Fund expense analysis, budget reviews, market and peer analysis, performance fee reviews, market comparisons and TER/Ongoing Charges analysis and other related tasks.


• Prepare internal MIS, KPIs or other reporting as required.


• Foster a positive team ethic and support the development and training of staff, when required.


• Supervise and develop more junior staff.

What Competencies do you require?

Effective Communication Communicates effectively, engaging with others in a warm and professional manner Planning and organising Organises and plans work effectively, ensuring delivery to quality and timescales in the short and longer term. Structures tasks logically to support efficient execution and clarity of responsibilities. Analytical (Attention to detail) Analyses and understands relevant and complex information and data to draw appropriate insights. Processes detailed information methodically to ensure accuracy and informed decision-making. Adaptability Adapts approach and responds effectively to different situations, people and new opportunities Resilience Works well managing competing priorities, bounces back quickly from setbacks in a positive and constructive manner Drive and Motivation Highly motivated and driven, able to focus on what needs to be achieved and enthuses others to do this. Quality Motivated to produce accurate, quality, and timely work output. Delivering results Consistently achieves objectives by maintaining focus, overcoming obstacles, and ensuring outcomes are delivered to a high standard Learning Mindset Curiosity to learn and understand key factors, new techniques or technologies affecting their work.

Who is Carne Group?

Carne Group has established itself in the funds industry with $2tn in AUM supported by 600+ 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.