Fund Structurer – Associate/VP recruitment
Position Description
Life of the Fund
- Organize quarterly Board meetings
- Amend prospectus and supplement
- Annual report and semi-annual report
o Liaise with Northern Trust and the Fund’s auditors
o Liaise with third party managers for IM report and validation of the accounts
o Prepare various additional regulatory reports
- Update OEIC’s business plan following regulatory changes (UCITS IV)
- Compute and ensures payment of Platform fees
- Compute and ensures payment of Distribution fees from third party managers
On-boarding new third party managers
- Assess best structure for the Fund and discuss solutions with third party investment managers
- Prepare and negotiate Termsheet
- Organize background checks on key individuals from the third party IM
- Carry out on-site due diligence
- Organize Board of Director’s approval
- Register third party managers to act as UCITS IM in Ireland
- Prepare and file sub-Fund’s supplement with the Central bank of Ireland
- Prepare and file Risk Management Process with the Central bank of Ireland
- Liaise with Legal on various Fund’s agreement:
o Investment Management agreement (between the Fund and the third party IM)
o Sub-Distribution agreement (appointing the IM as distributor of their fund) and fee letter
o ISDA and CSA between the Fund and MSIP
o Sub-custody agreement and Service agreement (when relevant) with MS Prime brokerage
- Organize operational setup of the fund (trade files, share class currency hedging, trading accounts etc …)
o IM with MS PB
o IM with Northern Trust (custody and administrator)
- Handhold third party investment managers during the first few month after Fund’s launch
Skills Required
Experience: Prime brokerage or Fund structuring
Knowledge and qualifications:
- Fund structuring or Fund administration / middle office;
- knowledge and understanding of UCITS regulation;
- negotiation of legal agreements
- project management
- good communication skills
- Bachelors degree or equivalent