Associate Director of Fund Accounting & Client Reporting, Barings
International investment management firm
Open for applications
International investment management firm
1001+ employees
Open for applications
1001+ employees
Company mission
To deliver the best investment experience for our clients through exceptional service and performance.
Role
Who you are
- Significant experience working in fund management on preferably within public fixed income, in a comparable sized organisation with similar interactions and challenges of a larger business; or a smaller size manager, with more complete ownership and looking to move to a larger, multi-asset investment manager. In all cases, the day-to-day responsibility and oversight of a number of funds
- Proactive and ability to work with minimum supervision with the essential skill to think outside the box and see the bigger picture focusing on not only BAU but also process enhancements
- Ability to develop and maintain relationships with key internal Barings stakeholders including direct exposure to other business lines e.g. Portfolio Managers, Sales, Legal, Compliance, Corporate functions across the organisation, both in Europe and US, as well as supporting effective external working relationships through timely communications with a range of related third parties e.g. TPAs, auditors, investors
- Significant experience of analysing and providing query resolutions e.g. performing deep dives into returns and valuation movements
- Significant experience of managing TPA relationships with a proven track record in resolving any associated operational issues e.g. KPI client service meetings, high level interactions with relationship managers etc
- Clear communicator, both verbally and written for both internal audiences and external clients as well as ability to work to tight deadlines and flexible to meet workload
- Numerate with high attention to detail, accounting experience required as well as advanced Excel skills
- Previous experience with Aladdin and PowerBI would be a benefit
What the job involves
- Barings’ Global Public Delivery team operationally oversees all public accounts managed by Barings (~$406bn* in AUM) and has an opening for a motivated individual who would like to join our innovative team of financial professionals
- Supporting the Global Emerging Markets and High Yield team within Global Public Delivery in order to meet their main responsibilities including:
- Full ownership and responsibility for a number of various open ended funds (QIAIF and UCITs), and separately managed accounts, from a global perspective, including daily oversight and management of the funds, ensuring daily/monthly / NAVs are sent out on time, co-ordinating internal resources to correspond/reconcile external third party information and the subsequent reporting packages including manager reports, and various ad-hoc external and internal requests
- General support for traders and portfolio managers, cash management oversight and operational issue resolution
- Oversight of outsourced third party administrators and internal parties to ensure a high level of service. Raising service issues in an appropriate manner and following up issues to resolution
- Maintaining awareness of client mandates, portfolio governing documents and regulatory restrictions
- Coordinating and processing instruction for payment of fund expenses
- Liaising with internal stakeholders (Portfolio Managers, Analysts, Business Development in both UK and US for investment and operational queries)
- Liaising extensively with the third party administrators & other service providers including annual site visits, KPI service level meetings
- Further interactions with Product Structuring, Investment and Legal teams on fund queries, budgeting, and expense monitoring as well as involvement in new fund launches. Also, liaising with internal reporting and tax teams to ensure the smooth running of the year end audit and tax processes in various jurisdictions ( UK, Ireland, US), overseeing the relationship between administrator and auditor
- Detailed understanding and interpretation of legal documentation including prospectus, investment guidelines, IMA, Credit and other third party agreements
- Oversee and enhance the team’s framework of monthly and quarterly processes/controls as appropriate
- Preparation of monthly information on KRIs & KPI’s, in order to help senior management analyse, attribute & comment on operational performance
- Develop the ongoing implementation of standard Barings global operating processes and procedures across the firm and identifying improvements and effecting change where needed
- Coordinate projects and testing undertaken in accordance with agreed project timescales for initiatives within Global Public Delivery and the broader firm
Salary benchmarks
Our take
With a history dating back more than 260 years, Investment Management Group Barings was originally Britain’s oldest merchant bank and set up an asset management division in the 1950s. By the mid-90s, its original banking division collapsed due to scandals concerning its executives and its investment management department took center stage. Through a series of acquisitions, Baring Asset Management became Barings in 2016, alongside the now-merged Cornerstone Real Estate Advisors, Wood Creek, and Babson Capital Management.
With a portfolio worth more than $347 billion, Barings has come full circle over its two-and-a-half-century life. During the 2010s, its acquisitions and growth saw it evolve into a global leader, with subsidiaries in Europe, the Americas, and Asia. Focusing on private and public equity, real estate, private credit, capital, and insurance solutions, Barings has run with the fast-moving shifts in the investment sector to fund electric vehicle projects, fintech platforms, and digital companies to great success.
In 2023, Barings swooped in to save bankrupt real estate deals in Arizona and secured leading bank tenants Santander and HSBC at its state-of-the-art office development in Manchester, UK. In 2024 it led a funding round of Morgan Stanley's World 50, exemplifying its influence on the world's top investment banks. With many arms to its company, Barings can weather setbacks as a whole, whether that be the collapse of Barings-backed internet provider GigaMonster or restructuring the ailing cinema chain Vue.
Freddie
Company Specialist
Insights
0% employee growth in 12 months
Company
Company HQ
Third Ward, Charlotte, NC
Articles
Leadership
Mike Freno
(CEO, not founder)Previously the Head of Global Markets at Barings, Research Analyst at M&M Partners LLC, and Manager at PwC.
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