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About Fineco Asset Management DAC
Fineco Asset Management DAC (‘Fineco AM’) is the Dublin based asset management company and subsidiary of FinecoBank S.p.A. (“FinecoBank”). FinecoBank (“Fineco”) is a leading European bank with a 25-year history and a fully digital DNA with a branchless approach since the start. Fineco is one of the banks with the widest products range available. Fineco have developed a truly one-stop-solution which includes trading, investment and payment services. Fineco have developed a 100% proprietary platform for trading and investment which covers all customer needs from trading listed and OTC products to investment products such as mutual funds and ETFs.
Fineco AM, which started its operations in May 2018, is authorized by the Central Bank of Ireland as a UCITS Management Company and as an AIFM with additional MiFID permissions (since September 2024) and it currently has more than €32bn in assets under management. Fineco AM is a competence centre- specialised in the management of fund-of-funds, single strategy funds, as well as Structured Solutions Funds. In addition to portfolio management activities, all key supporting and controlling functions, such as Compliance, Risk, Finance and Legal, are also performed locally. Fineco AM started with 5 employees and has grown rapidly over the past 6 years with a headcount currently sitting above 80 FTEs and growing quickly (half of our headcount was hired during the pandemic period).
Currently Fineco AM manages 3 UCITS Umbrella Funds – in Luxembourg (1 fund) and in Ireland (2 funds).
Main Responsibilities:
* Develop and manage the internal NAV oversight process for monitoring delegate fund administrators on daily, weekly and monthly NAVs.
* Monitor expected performance of funds versus performance produced by fund accounting teams.
* Develop and maintain exceptions reporting around cash breaks, position breaks, pricing, trade settlements, accruals, fund flows.
* Review reconciliations between counterparties, custodians and administrators, co-ordinating investigations among different outsourced service providers.
* Be the first point of contact with the investment managers, in relation to outstanding issues as they arise, including trade settlements and cash flows.
* Be the first point of contact with custodian and the fund administrator, in relation to outstanding matters regarding settlements, dividend distributions and other corporate actions.
* Review the computation of the Ongoing Charges of the Fund Administrators, providing periodic Budget, Budget updates and reviewing the actual numbers with expectations, explaining main variations.
* Support overall delegate/outsourced service oversight programme in accordance with company’s internal policies and procedures.
* Liaise with tax advisors/Administrator/asset managers to ensure proper and timely WHT filing/CGT rate applied and rebates reclaimed.
* Collect, review and validate fund expense fees including administration, custody, other fund service providers whilst ensuring they are in line with our funds’ General Expense Budgets; manage communications with investment managers and service providers to ensure timely and accurate payment.
Key Requirements:
* Third level qualification in Accountancy, Finance or a Business discipline.
* 3-5 yrs experience in a relevant Fund Accounting/Investment Operations/Middle Office/Custody role.
* Good knowledge of financial products and financial markets.
* Prior experience of derivatives and Swap OTCs an advantage.
* Strong planning, problem solving skills.
* Experience in project management.
* Strong attention to detail.
* Very good working knowledge of excel.
* Ability to work on own initiative and to meet deadlines.
* Be enthusiastic and eager to learn, self-starter.
Fineco Asset Management DAC is proud to be an Equal Opportunity Employer
We are committed to enforcing non-discrimination of candidates based on their religion, race, ethnicity, age, gender (including pregnancy and gender identity) disability, sexual orientation, civil or family status, or for being a member of the Traveler community. We embrace and celebrate diversity in our workforce, and we are committed to creating an inclusive environment for all of our employees.
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