Fund Servicing Associate II

Bring precision to the numbers that underpin investors’ trust. In this role, you will help ensure investment funds are valued accurately and on time, supporting strong outcomes for unit holders and meeting regulatory expectations. You’ll investigate breaks, improve data quality, and partner with stakeholders across operations. If you enjoy structured problem-solving and improving controls, this role offers meaningful ownership and impact.

Job summary As a Fund Servicing Associate within the Securities Services Operations, you support accurate and timely calculation and reconciliation of net asset value (NAV) for investment funds in line with German regulatory expectations. You will investigate and resolve reconciliation differences, maintain high-quality fund accounting and custody data, and provide fund accounting information and static data (such as prices and security identifiers) to relevant stakeholders. You’ll collaborate across teams to reduce breaks, strengthen controls, and improve process efficiency.

Job responsibilities

• Perform end-to-end NAV reconciliations on a daily (public mutual funds only), weekly, and monthly basis.

• Compare fund accounting records received from fund managers/administrators with internal accounting records, including valued holdings, derivatives, foreign exchange forwards, cash, accruals, payables, and receivables.

• Produce reconciliation packs and reporting outputs using approved internal systems and tools.

• Investigate material NAV breaks, document root causes, and drive timely resolution in partnership with relevant internal teams and external stakeholders where applicable.

• Apply quality management practices to help ensure accuracy and completeness of fund accounting and custody data.

• Maintain security static data to ensure accurate identifiers (e.g., ISIN, WKN) are recorded and updated when needed.

• Provide expense accrual inputs to the appropriate processing team when required by the client or fund manager/administrator.

• Coordinate information flow for additional valuations and unit activity (purchases/sales) with relevant stakeholders.

• Support processing and reconciliation activities related to over-the-counter (OTC) derivatives.

• Manage inquiries by providing clear, accurate, and timely responses and maintaining appropriate records.

Required qualifications, capabilities and skills

• Chartered Accountant qualification, Master of Business Administration (MBA), or bachelor’s degree in finance, accounting, or economics.

• Minimum of 5 years of experience in pension funds and fund accounting.

• Working knowledge of fund accounting, reconciliation processes, and relevant industry developments.

• Securities operations knowledge including dividends, principal and interest, corporate actions, and trading activity.

• Strong analytical and problem-solving skills, including the ability to identify issues and implement control enhancements.

• Ability to manage multiple priorities in a fast-paced environment and meet tight deadlines.

• Strong attention to detail, with a proactive approach to identifying and escalating issues appropriately.

• Demonstrated relationship management skills and ability to influence across teams.

Preferred qualifications, capabilities and skills

• Strong oral and written communication skills, including the ability to present messages clearly and consistently.

• Demonstrated leadership behaviors, including influencing stakeholders to deliver process or control improvements.

• Track record of fostering collaboration within and across teams.

• Experience using analytics, workflow automation, or intelligent process tools to improve accuracy, reduce manual effort, or increase efficiency in operational processes.