Asset Management - Product Administration – Oversight of Fund Administration for UCITS and liquid AIFs - Associate

Product Administration – Oversight of Fund Administration for UCITS and liquid AIFs (Associate)

Department:    Product Administration 

 

Overall Purpose of the position

 

The Product Administration department’s mission is to be the centre of excellence for the administration of JPMorgan Asset Management's proprietary investment products in Luxembourg. It is a multi-disciplinary team whose goal is to manage JPMorgan Asset Management's investment products throughout their life cycle.

 

Product Administration develops and exercises the fund oversight required from JPMorgan Asset Management as a UCITS Management Company and an AIFM through monitoring of the operational activity on the fund range, management of the service providers panel and ownership of the audit, consultancy and depositary relationships, including:

 

• Monitoring Fund Administration service provision delivered by our key Fund Administrators 
• Management of statutory/regulatory reporting 
• Management of Financial Statements and the Self-Assessment Questionnaire process, Management of Audit/Consultancy/Publication services and budgets
• Monitoring of publication legal requirements (prices, prospectuses, notices etc.), monitoring fund prices delivery
• Management of vendor relationships
• Management of NAV error remediation process
• Management of operational interaction with the funds’ Boards of Directors
• Management of dividend distribution and ad-hoc tax impacts

 

Main Responsibilities & Duties

 

The candidate’s primary responsibility is to maintain a robust and efficient NAV oversight process, including NAV calculation and coordination with fund managers and administrators. Key duties include:

 

• Support the team manager on new product initiatives
• Enhance controls and oversight for existing products
• Develop and implement control models for new funds
• Apply reasonableness checks to daily NAVs from external providers 
• Monitor valuation policies, procedures, and accounting principles 
• Oversee asset reconciliations (including cash, stock and derivatives)
• Review mark-to-market and DLA/WLA compliance for money market funds
• Monitor swing pricing application and periodic factor calculations
• Prepare and maintain fund non-dealing calendars
• Conduct ad-hoc reviews of performance fees and expenses
• Coordinate BAU NAV accounting/product/regulatory reporting queries and ensure timely resolution and response
• Address NAV monitoring queries from internal management and stakeholders in a timely manner

 

JPMAME’s fund range is extensive, covering 8 vehicles, 201 active sub-funds, over 2,600 classes priced daily, and entails assets classes from stable Nav money market funds, simple to complex equity and fixed income funds, OTC intensive structures, and long-short hedge strategy funds.

 

Hiring criteria

 

• Strong knowledge of collective investment schemes and their reporting requirements in Luxembourg and Dublin.
• At least 3 years’ experience in the fund industry, with a legal and financial background.
• Solid understanding of investment products, Lux GAAP, and IFRS accounting principles.
• In-depth knowledge of the legal and regulatory frameworks for funds and management companies.
• Proven ability in managing internal and external relationships and communications.
• Fluent in written and spoken English.
• Excellent time management and multitasking skills.
• Analytical, curious, and eager to learn.
• Performs well under pressure; demonstrates responsibility, resilience, dependability, and teamwork.
• Committed to compliance and controls, with strong accuracy and attention to detail.