Fund Administration Analyst

Company Description :

AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world.

AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries.

AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities.

Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

OPS Group Description :

The Global Fund Administration department is responsible for the oversight of approximately 600 pooled vehicles domiciled in the US, Luxembourg, Cayman Islands, as well as other global locations across the world.

We oversee the day to day Net Asset Value calculation as well as the regulatory and client reporting requirements as required on a product by product basis.

The candidate should have a proficient knowledge of mutual fund accounting. The job requires knowledge of tax issues, local market regulations, financial reporting and the use of spreadsheets.

It also requires excellent analytical skills, communication skills, organizational skills, and problem solving skills. The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.

The candidate should demonstrate proficiency in standard desktop applications (Excel, Word, Outlook, etc).

OPS Job Description :

We are seeking a Luxembourg based Fund Administration Analyst to join our Accounting Team in Global Fund Administration.

Describe the role :

The Fund Administration Analyst plays a key role in the administration of the day to day activities of all ABLux pooled vehicles for ABLux and the Global Fund Administration ( GFA ) department.

The candidate will play an integral role in ensuring the requirements of our internal and external customers are managed efficiently and effectively as we look to provide Best in Class Service to all of our customers.

The role will work closely with the ABLux Manager to ensure that effective oversight of administrators is evidenced and meets CSSF requirements.

Describe the applications and business or enterprise functions the role supports :

This role supports the firm’s ABLux pooled vehicles and GFA oversees all pooled products for the firm.

The key job responsibilities include, but are not limited to :

Specific responsibilities may include but not be limited to :

Ensure Fund Compliance with CSSF and other regulatory bodiesReviewing and / or making critical decisions for individual funds with the context of a UCITS Management Company and AIFMSupport product development initiatives, with focus on regulatory compliance and advising on certain tax issuesAssist in overseeing the delegated functions from AB group and 3rd parties, such as accounting, administration, tax reporting, etcUnderstands the regulatory landscape and bring relevant information to product strategy and development team for considerationPrepare income analysis for dividend committee meetingsReview expense analysis as well as create new budgetsResolve operational problems or issuesAnalyze NAV calculations for accuracyRecommend and participate in the implementation of changes and enhancements to the departmentKeep management informed of any problems that arise on his or her fundsAssist on special projects as neededProcess ImprovementsDocument proceduresReply to client requests

What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate?

The oversight nature of this role allows a candidate to take their accounting knowledge to become more analytical in nature.

We have a vast array of product types for candidates to learn over time and we are a department that prefers to promote from within when the opportunity arises.

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Job Qualifications (The ideal candidate should have the following) :

Qualifications, Experience, Education : The ideal candidate should have a minimum of 4 years of experience in the mutual fund or finance industry with expertise in UCITS and Luxembourg fund structures, as well as a 4 year degree in a business field (preferably accounting or finance related).

Skills : The candidate should have a proficient knowledge of mutual fund accounting relating to UCITS and all other Luxembourg fund structures.

The job requires knowledge of tax issues, UCITS and AIFMD regulations, financial reporting and the use of spreadsheets. It also requires excellent analytical skills, communication skills, organizational skills, and problem solving skills.

The knowledge and skills required are acquired through the completion of a college education as well as experience in the mutual fund industry.

Special Knowledge (if applicable) : The candidate should demonstrate proficiency in standard desktop applications (excel, word, outlook, etc).

Knowledge of UCITS and Luxembourg reporting requirements, financial reporting experiences and any alternative product knowledge is a plus.

Candidates with process management / improvement experience is preferred.Luxembourg