Fund Operations Analyst

Jupiter Asset Management Ltd
London, United Kingdom
23 Nov 2022
23 Dec 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Jupiter

Jupiter is one of the UK's leading investment management companies with just over 500 employees and £48.8 billion worth of assets under management (as at 30th June 2022).

Jupiter provides investment services to individual and institutional investors through mutual funds (UK unit trusts, Luxembourg SICAVs and Dublin OEICs), separately managed accounts and sub-advised funds. Jupiter has experienced a period of international growth with offices open in EMEA, APAC and the US.

The majority of our employees are based in our London office located just minutes from Victoria station which provides stair-free access from both the Underground's Victoria line and National Rail platforms, as well as limited road crossings to the Jupiter office. Our London office was designed to encourage employees to live active, healthy lives with floor-to-ceiling windows that allow for greater natural light and the benefit of a private balcony, table tennis room, cycle storage and on-site shower and locker facilities. The short distance to Green Park and St James' Park also provides employees with a natural space to relax during their lunch break and a healthy alternative to office-based meetings.

We offer our UK employees a 2-1-2 hybrid working arrangement where Tuesdays, Thursdays and a third day of your choice are worked from the office. The other two days may be worked from home. This facilitates collaboration and allows employees to maximise productivity whilst maintaining a healthy work/life balance.


  • In this role you will support the Fund Operations team in the oversight of all NAV administration services provided by Jupiter's strategic partners across several fund structures, including Unit Trusts, OEICS, SICAVs and Investment Trusts. The team plays a critical role in overseeing the provision of services by its Administrators and for ensuring the associated risk and governance frameworks meet regulatory and internal standards.
  • Support the Fund Accounting & Fund Reporting teams in all NAV control activities across Jupiter's fund ranges to a high standard, applying appropriate challenge and escalation as required.

Key Responsibilities
  • Critical activities include the following:
    • Investigating, resolving, and responding to valuation related queries in a timely manner
    • Daily valuations, analysing exceptions and escalating appropriately
    • Daily fair value and swing pricing adjustments
    • Fee calculations, accruals, subsidies and third-party invoices
    • Ongoing charges, yields and portfolio turnover rates
    • Distribution and performance fee calculations
    • Monitoring cash, stock, and derivatives reconciliations
    • Calculating synthetic TERs
  • Always follow approved documentation and templates in fulfilling day-to-day responsibilities, identifying and escalating any potential risks or required updates to colleagues for discussion.
  • Support the Fund Reporting team in the production of Fund Financial Statements and Board/Committee reporting as required.
  • Support the wider team in ongoing critical reviews of the operating model and associated policies, identifying potential opportunities for automation or greater efficiency and ensuring consistency with best practice and regulatory guidelines.
  • In addition, develop a good understanding of the upstream and downstream processes performed by Investment Operations and Transfer Agency, which should help to ensure that any associated risks are identified and managed appropriately.
  • Foster a close relationship with internal stakeholders, particularly the Investment teams, ensuring Fund Accounting processes that impact other parts of the business are fully understood and managed appropriately.

Desired Skills / Experience

  • Experience of working in a Fund Administration role would be advantageous.
  • Detailed working knowledge of Unit Trust, Investment Trust and SICAV fund processes and UK / Luxembourg / Ireland regulations.
  • Ability to investigate issues and proactively problem solve.
  • Excellent written and verbal communication skills.
  • Ability to interact confidently with colleagues and management.
  • Strong accuracy and attention to detail essential.
  • A flexible and team orientated approach to work.
  • Strong general IT skills, including a sound working knowledge of Word, Excel and Bloomberg.
  • Educated to degree level or equivalent.

Additional Role Details

  • This role is subject to the Conduct Rules set by the FCA.

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