Senior Fund Administrator – Net Asset Valuations (“NAV”)

SuMi TRUST Global Asset Services; Leinster; On-site; EUR 40,000 - 56,000; Part time

Job summary

SMT Fund Services (Ireland) Limited is a key part of SuMi TRUST Global Asset Services, delivering fund administration and NAV services for hedge funds and other funds. The NAV team reconciles positions, cash and income, ensuring timely, accurate NAVs for clients and third parties on monthly, weekly, or daily cycles.

The role requires at least two years in fund valuation, familiarity with Advent Geneva and NTAS, and strong organization with client-focused service. A 4-day week, Dundalk-based.

Qualifications

• At least 2 years fund industry knowledge in a valuation department, including hedge funds.
• Experience with Advent Geneva and NTAS (Transfer Agency System) is preferred.

Responsibilities

• Perform NAV-related reconciliations for positions, securities, income and fees.
• Process data to the fund accounting system (journal entries, income accruals, settlements).
• Produce and deliver NAVs by required dates to clients and third parties.
• Support colleagues and mentor junior NAV team members.
• Escalate discrepancies identified in the reconciliation process and ensure timely resolution.
• Assist in review of Fund Administrators' work and sign-off of valuations.
• Support weekly control reporting and escalation of issues.
• Contribute to month-end tasks and external reporting for valuations.

Skills

Customer service

Highly organized

Mentor juniors

Stakeholder management

Tools

Advent Geneva

NTAS

Job description

Senior Fund Administrator – Net Asset Valuations (“NAV”)

***This is a part time - 4 day per week position

Location: Dundalk

Department: Operations (Dundalk), Net Asset Valuations

Reporting to: Assistant Vice President

Company

SMT Fund Services (Ireland) Limited is one of the companies that form SuMi TRUST Global Asset Services and is wholly owned by Sumitomo Mitsui Trust Bank, Limited, one of the largest financial services groups in Japan.

SMT Fund Services (Ireland) Limited provides fund administration services to a wide variety of investment products covering all alternative and regulated products. Our service covers all the constituent parts required to independently produce a fund’s dealing or indicative net asset value (NAV) on a monthly, weekly or daily basis.

Department

The NAV team is the reconciliation and reporting team in the Net Asset Value process.This team is responsible for the timely and accurate issue of the Net Asset Values to our clients and/or relevant third parties for analysis and review.

Role Overview

Daily core responsibilities involve performing reconciliation checks on all positions, securities, income and fees in line with fund documentation and company procedures and controls. The valuation team is responsible for reporting the required information to the clients and other specified parties on the agreed NAV delivery dates as set out at the launch of the fund. The department acts as primary point of contact for clients with day-to-day queries.

Core Responsibilities

• Source and obtain the relevant information required for NAV production
• Completion of cash, position and income reconciliations against the Prime Broker/Custodian or relevant third party reports
• Investigation and timely resolution/escalation of discrepancies identified through the reconciliation process
• Processing relevant data to the fund accounting system e.g. journal entries, income accruals, and settlements
• Liaising with other Departments to facilitate the timely completion and delivery of the NAV
• Adherence to regulatory requirements of the role and following internal procedures and controls
• Provide guidance and assistance to colleagues, act as a mentor to junior members of the NAV team
• Assist in the review of Fund Administrators' work including sign off of valuations
• Escalation of recurring issues / problems
• Ensure completion of any weekly control reporting and escalation requirements
• Perform monthly fee & income analysis on timely basis
• Assisting with the review of month end tasks e.g. fee and income analysis
• Ensuring all external reporting is completed for dealing valuations
• Ensure a high level of involvement in departmental and companywide projects to ensure capacity and efficiencies are created whilst staying within the guidelines of the signed controls and procedures
• At least 2 years fund industry knowledge and experience within a valuation department, including knowledge of hedge funds
• Working knowledge of a wide variety of fund types and financial instruments
• Experience in working to tight deadlines
• Experience in managing relationships with both internal and external stakeholders
• Keen focus on customer service
• Highly organised and effective
• Knowledge of Advent Geneva (Fund Accounting System)
• Knowledge of NTAS (Transfer Agency System)