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Depositary Supervisor

Fareham 25th Nov 2021

Join JTC where your contribution will be valued.

An exciting opportunity has arisen to join a growing team in Fareham for a Depositary Supervisor.
The successful candidate will work alongside industry-leading specialists, providing depositary services to a broad range of alternative investment funds including private equity, real estate and infrastructure.

Purpose of job

The primary responsibilities will be in the areas of “Cash Flow Monitoring”, “Record Keeping and Verification of Other Assets” & “Oversight”. This includes review of significant and inconsistent cash transactions, verification of asset ownership, and a range of oversight duties including ensuring compliance with the fund prospectus, review of shareholder transactions and fund valuations.
Reporting to the Depositary Senior Managers, the Supervisor is responsible for a portfolio of client relationships and funds carrying out reviews of those funds in a timely manner and in accordance with internal procedures.
The Supervisor will also be responsible for supporting the training and supervising a team of depositary analysts.

Essential Requirements
  • Fund accounting or audit experience.
  • ACCA Part qualified or qualified in a relevant professional qualification such as ACCA / ACA or equivalent.
  • Previous experience in Depositary, Trustee or Fund Accounting of private equity or real estate funds a distinct advantage.
  • Experience of working with a portfolio of clients.
Main Responsibilities and Duties
  • Review fund valuations and accounts, in line with department defined timelines and procedures, to ensure they have been completed accurately and in accordance with the fund documentation.
  • Maintain asset registers and undertake procedures to verify the fund’s ownership of those assets.
  • Ensure daily cash flow monitoring of fund bank accounts is undertaken.
  • Ensure that funds are compliant with key underlying fund documentation and any issues are identified, logged and resolved in a timely manner.
  • Review drawdowns and distributions and ensure the expected procedures have been followed.
  • Co-ordinate with fund administrators and investment managers to ensure that the depositary duties can be undertaken and all necessary information received in a timely manner.
  • Prepare periodic client and fund board reports.
  • Conduct on site visits to fund administrators and investment managers.
  • Work effectively within the team but show appropriate levels of initiative.
  • Facilitate open communication with Depositary team members and client staff members to identify any potential issues/improvements.
  • Conduct the on-boarding of new clients and funds.
  • Supervise and assist in the training and development of the team of depositary analysts Adhering to JTC core values and expected behaviours;

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.

JTC’s culture places a strong focus on the development of its employees. We value our employees’ commitment to their career and encourage and support you if you wish to pursue a professional qualification as well as providing ongoing learning and development opportunities through our Academy and Gateway programmes. Our vision for the future is driven by an entrepreneurial and innovative spirit.

If you would like to join team JTC, where everyone is dedicated to continuously delivering a service beyond our clients’ expectations, please apply on line (applications will only be accepted if made through the online portal).