Private Markets Funds Administrator

**Private Markets Fund Administrator**

**Salary Competitive**

**Based in the Midlands - Hybrid Working**

LGPS Central Limited is a fund management company, regulated by the Financial Conduct Authority (FCA), managing the pooled assets of nine Midlands-based local government pension funds.

With combined assets of approximately £45bn, and representing the retirement savings of over 900,000 scheme members across over 2000 employers, LGPS Central Limited’s Partner Funds are; Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire PensionFund, Nottinghamshire Pension Fund, Shropshire Pension Fund, Staffordshire Pension Fund, West Midlands Pension Fund, West Midlands Integrated Transport Authority Pension Fund, and Worcestershire Pension Fund.

Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returnsand low costs for our Partner Funds.

**Position**

The Investment Operations team plays a critical role in the delivery of Middle and Back Office and Operational support to the firm’s Investment Managers, both as part of BAU and delivery of new business and strategic objectives for the wider firm and its’clients.

The role holder will be required to oversee the activities of the delegated functions including outsourced Fund Administration. The role requires multiple competencies, relationship building skills, third party oversight, risk management and service improvement.

**Need to Do**

Entity administration activities including
- Preparing cashflow notices and managing cashflow activity with investors and investments
- Bank and cash management and reconciliation
- Managing foreign exchange requirements
- Monitoring, processing and payment of invoices
- Oversight of the Fund Administrator for outsourced services including reviewing ongoing KPI and SLA performance
- Resolving investor queries
- Supporting internal audits
- Contribute to the development of the Target Operating Model
- Ad-Hoc project support Accounting and Reporting services
- Maintaining investment and accounting records
- Reconciling financial statement line items
- Supporting valuation of investments
- Annual accounts preparation in compliance with FRS 102
- Preparing performance calculations
- Annual financial statement audit liaison
- Cost transparency reporting
- Preparation of quarterly performance reporting

Regulatory and compliance
- Periodic monitoring and review of the investors admitted and entities activity
- Compliance monitoring and reporting
- Formulating and implementing detailed compliance procedures in relation to applicable regulatory requirements.
- Preparing AIFMD Annex IV reporting
- Liaising with tax advisor for partnership tax compliance and tax structuring
- Ensuring compliance with Limited Partnership Agreement for administrative functions

**Requirements**:
Skills/Knowledge/Experience/Competence:

- Previous Fund Administration and/or Fund Accounting experience for Private Market investments, from either an Asset Management or Fund Administrator background.
- Some previous experience of supporting any of Private Equity, Private Debt, Infrastructure, Property investments is a must.
- An understanding of the roles played by an outsourced administrator.
- Any experience of eFront or similar platforms would be an advantage.
- Competent grasp of the ‘life of a trade’ structure, knowledge of investment and accounting requirements and preparation of call and distribution notices.
- Understanding of regulations pertaining to Private Market investments.
- Proven track record of outstanding customer service, ideally servicing Financial Institutions.
- High attention to detail, analytical.
- Able to communicate complex and highly-technical matters in a way which is understandable and relevant.

Other information

What do we offer?

We are proud to provide our people with a premium and exclusive benefits package and we are continually impro