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Supervisor – Fund Accounting – Alternative Funds

Dublin / Enniscorthy 16th Dec 2021

Join JTC where your contribution will be valued.

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 Fund Solutions (Ireland) Limited is a newly formed company and is currently seeking regulatory authorisation. As a JTC Centre of Excellence, the company will provide a full suite of fund administration services to closed ended, limited liquidity and hedge fund vehicles on site.

The Supervisor of Fund Accounting will be a key member of the operational team and will participate in and assist in the operational build out, strategic build out, and the development and cultural evolution of JTC Fund Solutions (Ireland).

Purpose of Job

The primary responsibilities of the Supervisor will be checking and supervising the completion of each Net Asset Value for a portfolio of hybrid and private equity funds to ensure that at all times it is done so accurately and on a timely basis, to be client facing and assist in the management of client relationships while undertaking the development of team members professionally and technically, with input to performance reviews and team succession planning.

Essential Requirements
  • A relevant tertiary qualification – preferably including Accounting; Finance; Investments
  • Extensive experience working in a hedge fund/private equity administration firm
  • End to end fund accounting experience preferable
  • Demonstrable accounting and investment product knowledge
  • Knowledge of Investran an advantage
Main Responsibilities and Duties
  • Actively participate in ensuring all processes and procedures are properly documented
  • Development of team members through active mentoring
  • Investigate and resolve fund accounting enquiries escalated by the client or other relevant party
  • Review of NAV calculations / other relevant reports.
  • Suggest improvements to the NAV calculation process, controls and procedures.
  • Provide ad hoc client reporting, manage enquires, escalate as required.
  • Query and issue resolution within the teamto ensure no queries or issues result in an error, breach or client dissatisfaction.
  • Investigate errors, complete the required JTC error reporting process and implement the required remedial action in order to ensure the error is not repeated.
  • Actively and continually identify and report high risk areas and gaps in processes to ensure the identification and escalation of risks and gaps.
  • Participate actively in local / global projects when called upon
  • Supervise the team to ensure the accuracy, completeness and timeliness in performing the following functions:
    o Setting-up and capturing of investment transactions
    o Monitoring of distributions / sales proceeds
    o Preparation of accurate expense and accrual calculations, including management and admin fee calculation
    o Performing cash reconciliations and proper investigation and resolution of any reconciling differences
    o Ensure all aged items on cash and position reconciliations are resolved timely.
    o Capturing daily cash movements, trades and updating transactions Investigating and answering queries with auditors and clients
    o Ensuring compliance with company policy and procedures; client service level agreements and internal controls
    o Completion and performing of other sundry administrative tasks
    o Reviewing and ensure all documentation are in place for investment purchases and sales / distributions
Conclusion

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 accounting 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).