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Fund Administration Manager

Date Posted: Jan 4, 2019

Location: Dublin, D, IE, D2

Company: MetLife

Fund Administration Manager 


Job Location: Dublin, Ireland


Role Value Proposition: 

An opportunity has arisen to join MetLife Fund Administration and Pricing team at a Manager level whereby you will be responsible for supervising the work of four fund accountants. You will join a focused team of 10 and will gain valuable experience of all aspects of Fund Administration. This will cover all aspects of pricing/accounting for funds, underlying investments and the process and controls appropriate to the generation of these. You will also gain experience in the implementation and alteration of the company systems and processes to meet the changing business needs whether it be a change request impacting one system area or major project releases.   


The primary function of this role to oversee the  production of accurate and timely prices for the unit linked funds within a portfolio. This daily pricing process is carried out by using an integrated Fund Admin system (Investpro) which generates investment accounting records and a daily declared price by fund. The role will involve ensuring a complete and accurate daily update of all market and investment activity and the reconciliation of all cash balances and investments back to third party sources.


There are currently eight portfolios of unit linked investment funds across multiple European territories which are priced on a rotational basis by members of the Fund Administration Team. You will gain a good insight into the full pricing cycle, control network and the associated accounting/reporting.  


Key Responsibilities: 


The key function of this role is to oversee the production of daily accurate fund prices with the associated accounting records in a controlled and reconciled environment by a team of Fund administrators. This process will cover;


Market Activity

  • Investment and exchange rate market prices – ensure accurate prices are sourced from two market data sources. The validity of these prices is verified by review and the investigation of any large movements.  


Investment activity

  • Ensure trading occurs which follow the fund’s investment strategy
  • Ensure all trades are placed and verified in the market before the daily cut off
  • Ensure trades are settled in the market in a timely manner
  • Ensure all fund prices and accounting records reflect this investment activity
  • Sign off the cost of acquisition on all investments and ensure that this is correctly reflected
  • All cash and investments weightings are maintained within the stated individual funds investment strategy


Income and Charges

  • All income is recognised upon entitlement. All details are reconciled back to supporting documentation e.g. Dividend Vouchers  
  • All tax, fund management charges and refunds are accounted for on a timely and accurate basis.


Fund Valuation

  • Review and sign off daily valuations and reconcile the daily pricing movements back to the funds benchmark movement.
  • Ensure all unit-linked fund prices are distributed with in the set time lines
  • Ensure that evidence is retained which supports the daily pricing cycle as set out in the procedures and all issues\differences are fully investigated and explained.


Control and accounting

  • Daily reconciliation of investment prices, holdings and banks are completed on a timely basis
  • Daily activity is reflected in the fund accounting records
  • Review and prepare monthly accounting and valuation packs
  • Play active role in internal/external audits, SOX compliance and other group controls



  • To develop direct reports using the company’s performance management and talent systems
  • Participation in team (company) meeting and projects as requested
  • Adhere to Company policies and procedures
  • Carry out and deliver such training as be required with in this role or requested by the area’s management



  • Carry out other business activities and duties as directed by the area’s management
  • Project delivery 



Essential Business Experience and Technical Skills:


Business Knowledge/Technical Skills:

  • Minimum 5 years Fund administration experience within a unit pricing area is essential
  • Experience of the supervision of a pricing process is essential
  • Previous experience of supervising/managing a busy deadline driven team within a finance area/department


The following would be advantageous but are not essential:

  • Prior experience working in life insurance
  • Experience of Bloomberg/ Investpro
  • Strong Microsoft office capabilities , in particular in the use of excel


Business Category

Operations Finance Fund Admin


At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.  It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.

In order to apply for this position, you need the proper work authorization to work in the country where the position is located and not require relocation assistance.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 106707