Veridate Financial Limited provides market-leading fund administration services to a range of alternative investment vehicles as well as consolidated reporting services to family offices. Our unique business model also leverages best-in-class KYC / AML functionality from multiple Regtech and Fintech firms to deliver a unique, modular, end-to-end digital on-boarding solution for our fund clients’ investors into their funds.
1. Fund Administration
- SHAREHOLDER RECORD KEEPING
i) Investor Onboarding and KYC/AML
- Recording (if manual) and reviewing investor information entered into COBA
- Reviewing and collecting Investor KYC for submission to Head of Fund Services for approval
- Following up with the Fund Manager and/or Investor for any outstanding documentation
- Setting up and recording the approved Investors into ATWeb
- Ensuring correct data, including fees, are created in ATWeb
ii) Subscription / Redemption Processing
- Reconciling cash received / to be paid in the Fund’s bank account
- Issuing of contract notes to Investors
- FUND ACCOUNTING
iii) Investor Onboarding and KYC/AML
- Reconciliation of the Fund’s bank account.
- Payment of fund expenses, ensuring that all items are supported by proper invoices
- Maintain clear records of all financial transactions on a daily and monthly basis.
- Reconciliation of all portfolio asset and cash positions
- Resolve all reconciliation breaks and escalate when necessary
- Ensure all ledger entries are correctly booked and reconciled
- Preparation of Fund Net Asset Value (NAV)
- Follow all the required checklists and forward for review and sign-off.
- Review of draft annual financial statements for audit
- Liaise with auditors on audit queries.
- Follow all procedures and highlight any areas for improvement.
- Ensure all reports, both Manager and Investor, are issued in a timely manner
2. Client Service
- CLIENT SERVICES
- Fielding and responding to Client and Investor queries
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- Degree, Major in Accounting or Finance
- Fluent in English and Chinese (Cantonese or Mandarin)