Luxembourg Job Openings
Schroders
Finance Operations Analyst – Asset Management
November 8, 2024
Finance Operations Analyst – Asset Management
Who we’re looking for
We are looking for a motivated individual who will report to the Finance Operations Team Leader within the Finance department.
The Finance Operations Analyst is processing the Schroders Group gross revenue earned from client investments into pooled funds in the UK, Europe, APAC and the US. Pooled fund fees are charged directly in the fund accounts and generated either by third party providers or through Schroders’ process.
The Finance Operations Analyst also performs calculations, reconciliations, accounting and reporting of rebates due to intermediaries globally. Rebates are a form of discount typically of the management fees charged upfront in the pooled funds. The scale of the discount is determined in fee schedules which are part of the contractual arrangement that Schroders enters with its counterparties.
In the past 15 years, the Schroders Group Finance function has expanded the role of the Finance Operations team in Luxembourg, creating a global centre of competence for the processing and booking of fees earned from pooled funds, as well as rebates calculated and paid to intermediaries globally.
About Schroders
We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting to society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.
What you’ll do
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics
Who we’re looking for
We are looking for a motivated individual who will report to the Finance Operations Team Leader within the Finance department.
The Finance Operations Analyst is processing the Schroders Group gross revenue earned from client investments into pooled funds in the UK, Europe, APAC and the US. Pooled fund fees are charged directly in the fund accounts and generated either by third party providers or through Schroders’ process.
The Finance Operations Analyst also performs calculations, reconciliations, accounting and reporting of rebates due to intermediaries globally. Rebates are a form of discount typically of the management fees charged upfront in the pooled funds. The scale of the discount is determined in fee schedules which are part of the contractual arrangement that Schroders enters with its counterparties.
In the past 15 years, the Schroders Group Finance function has expanded the role of the Finance Operations team in Luxembourg, creating a global centre of competence for the processing and booking of fees earned from pooled funds, as well as rebates calculated and paid to intermediaries globally.
About Schroders
We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting to society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.
What you’ll do
- Collect gross fund fee reports from fund administrators (directly or via internal parties); perform completeness checks and accounting recognition of the revenue numbers into various subsidiary books
- Set up and maintaining financial terms including client, product and payment details
- Perform rebate calculations including reconciliations between client invoices and Schroders internal results
- Work in the finance month-end closure process
- Review that revenue allocation and transfer pricing attributes are assigned internally to each revenue and rebates line
- Perform monthly reconciliations between the rebates accrued and paid at a granular client level
- Answer internal/external queries arriving in the team’s mailbox
- Provide analysis and informed commentary to various Finance teams and supporting other client facing teams
- Provide informed statistics on volumes, complexity and effort in the rebates activities
- Maintain accurate procedures whilst escalating any issues to the line manager
- Work across functions with finance, legal, product development, distribution, etc. and various business owners on a variety of initiatives
- Assist in rolling out departmental initiatives and projects (streamlining processes, roll-out of systems, take-on of new locations, etc.)
- Bachelor’s degree in economics, finance or data science
- At least 2 years of similar or relevant experience in Asset Management business is required
- Excellent computer skills (advanced knowledge of MS Excel)
- Very good English communication skills
- Analytical and highly numerate
- Ability to streamline functions
- Fast learner who can implement system and process changes
- You are driven, collaborative, able to deal with ambiguity
- You are enthusiastic and resilient
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics
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