Fund Administration & Oversight Manager

Franklin Templeton

5 - 8 years

7 - 10 Lacs

Hyderabad

Posted:14 hours ago| Platform:

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Skills Required

Fund Administration CIMA Accounting Fund financial statements ACCA reconciliation ACA

Work Mode

Work from Office

Job Type

Full Time

Job Description

What is the Fund Administration & Oversight Manager responsible for?

Alcentra, acquired by Benefit Street Partners ("BSP") in 2022, is a wholly owned subsidiary of Franklin Resources, Inc. that, together with its various subsidiaries, operates as Franklin Templeton. The BSP/Alcentra combined organization is a leading credit-focused alternative asset management firm with approximately $77 billion in assets under management. Established in 2008, the BSP platform manages funds for institutions, high-net-worth and retail investors across various strategies including: private/opportunistic debt, liquid loans, high yield, special situations, long-short liquid credit and commercial real estate debt. Established in 2002, the Alcentra platform manages funds for institutions, high-net-worth and retail investors with a focus on the sub-investment grade debt capital markets in Europe and the U.S. Their objective is to deliver strong, risk-adjusted returns that are less correlated, through a complementary suite of traditional and alternative credit strategies. In pursuing this objective, their investment strategy and approach to credit selection are based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses.

Alcentra is seeking to hire a Fund Admin & Oversight Manager, to become an integral member of the Fund Finance team based out of Hyderabad, working closely with colleagues based in London. The role encompasses Fund Accounting, Investor Reporting, and Data Management oversight. The candidate must be well versed in accounting principles and have experience in Performance Return calculations. Experience of open ended and/or closed ended funds is essential whilst knowledge of the alternative credit market and Structured Credit assets is advantageous.

What are the ongoing responsibilities of Fund Administration & Oversight Manager?

Fund Accounting overseeing production and review of Fund Net Asset Values together with Fund financial statements and capital account statements prepared by Alcentras third-party administrators. This includes the preparation and review of shadow NAVs and reconciliation of data to administrator records.
Performance Returns Calculation and analysis of portfolio, share-class, fund and investor-level performance (including TWR, IRR, MOICs etc.), together with determination of performance attribution.
Reporting Preparation and review of regulatory and investor reporting.
Fees and Expenses Calculating and reviewing management fee and performance/incentive fees across open-ended and closed-ended funds. Monitoring fund level expenses and calculating fund TERs.
Asset and Fund-level Data applying asset-class knowledge and expertise to ensure a high degree of accuracy of data in the Front Office Systems and Data Warehouse
Audit working with third party Fund Administrators to oversee the financial statement audit process, and ensure successful completion of Fund Audits
Liquidity Management and Capital flows - effectively utilize bridge facilities, oversee production and review of investor capital call and distribution notices, and ensure accurate processing of investor subscriptions and redemptions. Ensure accurate reporting of new investor closes, including calculation of equalization cash flows.
FX monitoring FX exposures, hedging efficiency, and accurate reporting
Building strong relationships working closely with Portfolio Managers and Investor Relations, Marketing, and Performance Analytics teams in order to provide accurate, timely and impactful data and analysis in response to regular and ad-hoc requests.

What ideal qualifications, skills & experience would help someone to be successful?

Educated to degree level or equivalent.
Hold a professional qualification such as CFA/ ACCA/ACA/CIMA
5 to 8 years of experience within financial services, ideally (but not essential) with a Structured Credit, or wider Alternative Credit focus.
Strong mathematical skills as well as proficiency in Excel is essential.
Possess strong interpersonal, verbal and written communication skills, and have the ability to clearly articulate complex concepts, ideas and processes.
The candidate must be a strong team player but also work with a fair degree of autonomy and take responsibility & ownership of their work. Able to build strong relationships at all levels within the firm.
Strong communication skills both written and oral.
Attention to detail and obsession for finding correct answers.

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