Implementation Fund Administrator

Account Management Accounting and Finance @Grayson Talent

Job Description

Purpose of the role

The Administrator will be responsible for assisting in the handling of day-to-day fund administration duties, including but not limited to corporate secretarial functions, organising meetings, drafting minutes and resolutions, preparing payment instructions, as well as undertaking regulators’ periodic risk reviews for closed-end funds, investment holding companies, service companies, trusts and others. The administrator will work under the supervision of the Operations / Implementation Manager.

Main Duties

Assist the Operations / Implementation Manager with the following tasks:

  • Administration of a portfolio of fund clients.
  • Ensure that all transactions pertaining to the management of the clients’ affairs are executed timely and efficiently assist with customer due diligence.
  • Conduct closings for closed-end funds and/or admittance of investors.
  • Prepare capital calls and drawdown notices and have same approved by the board.
  • Ensure that drawdown trackers are properly maintained and share registers are up to date.
  • Prepare written resolutions of directors and/or shareholders for the approval of transactions (including investments, restructuring, disposal of investments, etc.).
  • Prepare board packs, including arranging and assisting board meetings (preparation of minutes and follow up on actions required).
  • Prepare and process payment instructions both manually and via internet banking.
  • Circulate quarterly management accounts and/or capital account statements to investors, as required
  • Deal with regulators and service providers, including FSC, banks, auditors, lawyers, etc.
  • Develop and maintain relationships with internal departments of the firm, including client services, compliance, and accounting, to support the clients’ activities in a timely and effective manner.
  • Follow up on client correspondences such as letters, faxes, emails, client telephone calls, etc.
  • Maintain comprehensive and up-to-date client, business and transaction records on all interactions with clients.
  • Ensure proper record keeping, document filings, update client information on relevant internal systems.
  • Arranging and attending calls and/or conference calls to assist clients, and compile, draft and distribute minutes of meetings Attend client meetings with manager and/or team leader as and when required.
  • Ensure that necessary filings as per the Companies Act 2001, Securities Act 2005 and CIS Regulations 2008 are made within the prescribed deadlines.
  • Ensure compliance with internal systems, procedures and processes.
  • Input data using specialist funds software and make optimum use of the software, when and where required.
  • Review client files to ensure compliance with legislation and company guidelines.
  • Ensure that time sheets and tasks lists are properly maintained.

Qualifications and Experience

  • At least a degree in finance, economics, commerce, business administration, or law and management from a recognized institution.
  • Minimum of 3-5 years of experience in Banking / Financial Services sector.

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