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In the second edition of our ‘Careers in Funds’ blog series, we take a look at Investor Services…
This series has been designed for anyone considering a career in funds, or for those already in funds but looking to make a move to a different aspect of funds. Over the coming weeks we’ll share these short and sweet blogs with you in the hope that you gain a greater insight into what it’s like to have a career in funds.
What Is Investor Services?
Investor Services (IS), also referred to as Transfer Agency (TA), means keeping record of the funds accounts and providing other administrative services. Typical day to day responsibilities include reviewing monthly subscription or redemption documentation and ensuring systems information is accurate and up to date. It is a very admin focused environment and attention to detail is key.
Careers in Investor Services
A career in IR/TA is ideal for someone who is looking for a routine-based administration type role. You will be dealing with the other departments within the fund administration process including fund accounting, anti-money laundering (AML), treasury etc.
You will also be dealing with the fund managers and the investors themselves at times to ensure all information is accurate. Working on daily/monthly/quarterly net asset values (NAVs) involves coordination with all internal and external parties ensuring all processes are completed efficiently and to meet deadlines
Conclusion
The processes within IR/TA is admin and routine based and may not suit everyone’s needs or wants when it comes to their day to day working life. However, the experience you gain from IR/TA exposes you to many avenues within the fund administration process. In particular AML, custody, compliance etc., which are integral parts of the IR system and vital activities to ensure the information provided to fund managers and investors is correct.
The experience gained in IR/TA will also enable you to develop many transferrable skills for other client facing type roles withing financial services in general.
To read the first blog in this series click the link below: