WHAT DOES A FUND ANALYST DO?
Updated: Jun 14, 2025 - The Fund Analyst ensures fund compliance with CSSF regulations and other regulatory requirements while making critical investment decisions within UCITS Management Company and AIFM frameworks. This position supports product development by advising on regulatory compliance and tax matters and overseeing delegated functions such as accounting, administration, and tax reporting. The analyst also analyzes NAV calculations, prepares income and expense reports, and implements operational improvements to enhance fund management efficiency.
A Review of Professional Skills and Functions for Fund Analyst
1. Fund Analyst Key Accountabilities
- Financial Reporting: Assists in the preparation of monthly financial reports.
- Info Management: Responds to requests for information from various sources, including the Workforce Solution system, management, auditors, state agencies, and H-GAC.
- Account Reconciliation: Reconciles income Statement and Balance Sheet accounts following GAAP.
- Budgeting: Projects expenditures and obligations for education training and support service financial aid.
- Journal Entries: Prepares journal entries for cash receipt, disbursement, accruals, corrections, or other journal entries.
- System Reports: Accesses Workforce Solutions MIS systems to prepare various reports that tie financial aid disbursements to individual resident customers and career offices.
- Aid Validation: Validates Financial Aid Commitments.
- Compliance: Learns, follows, and ensures compliance with Workforce Solutions' contractual obligations and internal policies and procedures in providing services to customers.
- Reporting: Develops effective methods of communicating and reporting financial information.
2. Hedge Fund Operations Analyst General Responsibilities
- Cash Reconciliation: Daily cash and position reconciliations.
- Financial Reporting: Perform daily and monthly Profit and Loss reports and ensure accurate financial data.
- Settlements: Take responsibility for settlements.
- Custodian Management: Work with multiple custodians.
- Investor Communication: Communicate with investors.
- Cash Projections: Complete cash projections for PMs.
- Trade Validation: Perform daily break resolution and validation of trades in different vehicles.
- Trade Allocation: Manage the trade allocation process to ensure that trades comply with policy.
- Inquiry Response: Respond to internal inquiries and provide ad-hoc support for the enterprise’s market data needs.
- Process Improvement: Enhance controls, governance, and documentation around key processes.
3. Fund Administration Analyst Role Purpose
- Fund Compliance: Ensure Fund Compliance with CSSF and other regulatory bodies.
- Decision Making: Reviewing and/or making critical decisions for individual funds within the context of a UCITS Management Company and AIFM.
- Product Development: Support product development initiatives, with a focus on regulatory compliance and advising on certain tax issues.
- Delegated Functions Oversight: Assist in overseeing the delegated functions from the AB group and 3rd parties, such as accounting, administration, tax reporting, etc.
- Regulatory Knowledge: Understand the regulatory landscape and bring relevant information to the product strategy and development team for consideration.
- Income Analysis: Prepare income analysis for dividend committee meetings.
- Expense and Budgeting: Review expense analysis as well as create new budgets.
- Problem Resolution: Resolve operational problems or issues.
- NAV Analysis: Analyze NAV calculations for accuracy.
- Process Improvement: Recommend and participate in the implementation of changes and enhancements to the department.
- Management Reporting: Keep management informed of any problems that arise on his or her funds.
- Special Projects: Assist on special projects.
4. Fund Administration Analyst Additional Details
- Valuation Analysis: Perform analysis on the valuations of securities held in the First American Funds.
- Report Distribution: Prepare and distribute valuation reports.
- Fund Collaboration: Work closely with fund service providers, including fund accountants and fund transfer agents.
- Compliance and Policy Development: Ensure compliance with written policies and procedures, and develop and strengthen policies and procedures where appropriate.
- Shareholder Reports: Assist in preparation and review of annual and semi-annual shareholder reports for First American Funds.
- Budgeting: Assist in fund budgets process.
- Reporting: Be responsible for internal and external reporting.
- Ad-hoc Projects: Take responsibility for ad-hoc projects.
- NAV Review: Review NAV prices for the Singapore unit trusts calculated by the accounting and valuation agents to ensure that the prices are correct.
- Query Handling: Attend to queries from distributors/clients, third-party administrators, and distribution teams.
- Account Openings: Facilitate account openings for distributors/clients.
- Straight-Through-Processing: Monitor and assist on the initiative to increase the straight-through-processing rates for Asia distributors.
- Dealing Guides: Review dealing guides and operating memorandums with distributors, third-party administrators, and distribution teams.
- Operational Support: Work with distributors/clients and distribution teams to provide timely operational support for any operational issues.
5. Fund Analyst Details and Accountabilities
- Reporting: Report to the financial reporting team leader/associate.
- Document Preparation: Assist in the preparation of supporting Excel schedules and Word documents, which form part of financial statements of hedge funds.
- Team Collaboration: Be a member of an existing team and work with the team in providing timely deliverables for the year-end audits.
- Financial Statement Support: Work efficiently with the financial reporting team to produce supporting schedules and word documents and help them in timely delivery of financial statements to the Hedge Fund clients of MSFS, which will comply with US GAAP/IFRS, for both annual audits, and interim reports.
- Document Editing: Take responsibility for preparing and editing Word documents.
- Investment Schedules: Preparing Condensed Schedule of Investments (CSoI).
- Deadline Management: Ensure the financial statements supporting the schedule are provided within the deadlines.
- Internal Control: Follow internal control policies and procedures.
- Statistical Analysis: Perform statistical analysis to create new or apply existing algorithms to analyze market data.
- Actuarial Collaboration: Collaborate with Corporate Actuarial department to develop long-term capital market and economic assumptions used in Actuarial product pricing.
Relevant Information