Fund Administrator, Accounting & Valuation

Job description

Role Title: Fund Administrator
Business : Accounting & Valuations (A&V)
New or Existing Role : Existing
Location : Edinburgh

Role Purpose :
To support the Manager in the delivery of Investment Administration services within Accounting & Valuations, in particular NAV production to assigned clients within agreed quality, timing and output targets.

Key Accountabilities :
· Broad understanding of valuations and fund pricing process, the ability to resolve any issues on a freestanding basis in line with KPI's
· Broad understanding of accruals, specific journals and creation/cancellation process and the ability to resolve any issues on a freestanding basis
· Broad understanding of daily/weekly/monthly reporting requirements and be able to report in line with KPI's on a freestanding basis
· Broad understanding of compliance/regulatory requirements
· Broad understanding of the role of A &V, the operational areas which feed into A&V and the downstream departments which use the data provided by A&V and be able to effectively communicate on a freestanding basis with the peer groups from these areas.
· Understands and applies breach and error reporting procedures and reworks to assess financial impact of errors
· Understanding of international accounting standards relating to effective yields
· Produces and updates training and procedure notes in line with current practices
· Assist and support Centre of Excellence team members on transitioned tasks/clients

Fund Services provides Investment Administration and Performance Consultancy services to Investment Managers and Pension Funds worldwide, including potential services to other parts of the HSBC Group. Fund Services intends to set new quality standards in a competitive environment, to help attract and retain a blue-chip client base.

Our clients operate in a highly regulated environment and it is of paramount importance that all internal controls and standard procedures are complied with at all times. Failure to comply could lead to financial penalties and damage to the Bank's reputation in the marketplace.

The role involves contact with client's' staff and other external parties such as auditors and trustees and all such communication must be conducted in a client friendly manner to project a professional image in the market place

Role Dimensions
· The jobholder will, depending on the task, work independently or act as part of a team responsible for client servicing. They must ensure that all procedures are completed on time and in accordance with current guidelines.
· The jobholder is responsible for ensuring that all preparatory work with regard to Accounting & Valuations is completed, that valuations are produced to deadlines consistent with valuation points and that issues are logged and queries are followed up, ready for review by the Manager.
· The jobholder has no personal authority to sign off valuation reports however they should assist in the preparatory work, and make recommendations where appropriate.

Management of Risk:
Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology.

Demonstrates compliance with HSBC Bank plc Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role.

Observation of Internal Controls :
Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.

Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role, specifically HSBC Bank plc internal controls and compliance policies and manuals.

Desired profile

Knowledge & Experience / Qualifications :
· Knowledge & industry experience within Accounting & Valuations including NAV production
· Broad valuation knowledge of varying investment vehicle types including but not limited to OEICs, Unit Trusts, Investment Trusts and SICAV's
· Excellent attention to detail
· Excellent numeracy skills
· Ability to build and maintain relationships with colleagues and clients
· Ability to communicate effectively in writing and verbally
· Ability to plan and organise workload to meet deadlines, taking into account relative priorities
· Ability to identify and initiate process improvements
· Ability to monitor performance against objectives, through the development of MI and taking corrective action
· Commitment to excellent customer service
· Ability to work independently or as part of a team as work flows dictate

Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an ongoing basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.
This role has been designated as an Enhanced Vetting Role.
For more information about the relevant additional checks for this role please contact the hiring manager.