Analyst, Private Markets Middle Office, Investment Operations

Company Description
Supporting millions of Aussies since 1988 with low fees and competitive long-term performance. Profits back to members, not shareholders
Job Description
About Us
Awarded as an ESG and Responsible Investment Leader, Rest is one of Australia’s largest profit-to-member superannuation funds; supporting more than 280,000 employers and around 1.95 million members, we have nearly $71 billion of funds under management.
Our ambition is to create super our members love. This is our purpose; it is why Rest exists. To achieve this ambition our mission is clear: make super simple!
At the heart of everything we do at Rest are our values and behaviours, they represent how we’ll be successful in this pursuit. We want to Be Daring, Keep it Simple, Take Action and Have Grit! To put it simply we want our people to thrive and love the work they do.
About the Job
The Middle Office function is maturing from a traditional middle to back office function to provide improved decision support, performance reporting, technical expertise in due diligence, and centralised functions performed within the Front Office Investment Teams.
As part of this journey, the Middle Office function is specialising between the Listed Assets (Equities, Fixed Income, Overlays) and Unlisted Assets (Property, Infrastructure, PE and Direct Debt). In the Unlisted Asset space, to further develop enhanced Middle Office services to support a growing portfolio of Unlisted Assets, we require Robust ‘end-to-end’ transaction processing and reporting capabilities.
This role will be responsible for transaction review, instruction and reporting for the Unlisted Assets. In addition, the role will develop the accounting platform that will support the growth in the Unlisted Assets.
Business as usual will include Operations: ensuring timeliness of processing payments, preparing & uploading custodian instructions, and acknowledging receipt of funds. As we strive to work as a small cross-functional and dynamic team, the Analyst, Unlisted Middle Office is required to consider the technical consequences of Unlisted Investment transactions for Custody, Accounting, Legal, Tax, Performance and act as the first point of call prior to corroborating with the wider Shared Services group
Key Responsibilities Include:
The Analyst, Unlisted Middle Office will support Rest’s Unlisted Middle Office function.
Primary Accountabilities and Responsibilities includes:
Operations (Unlisted)

• Preparing end to end instructions for unlisted transactions (cashflows, valuations etc) to:

• Custodian – Accounting, Unit Pricing & Tax
• Treasury – Cash Management
• Overlay – FX Hedging
• Legal
• Recording transactions in the internal reporting systems
• Ensuring accounting and valuations comply within the Valuation and Unit Pricing Policies
• Reviewing investment management and performance fees for accuracy
• New deal/investment setup both internally and with the Custodian
• Primary point of contact for Unlisted Assets with:

• The Custodian
• Rest Investment Team (operations and unit pricing)
• The Investment’s Finance Teams
• Preparing and maintaining Investment bibles, procedures and model documentation
• Preparing and maintaining Fee Disclosure for SRF705 & RG97 Reporting

Secondary Accountabilities and Responsibilities includes:
Change and Project Management

• Initiate, manage and deliver on change projects improving the Unlisted Middle Office service to the portfolio managers and organisation

• Review, document and analyse current processes, systems and policies with the purpose of delivering change benefits
• Improve process, interactions and flows of information within the business and to REST, the custodian and the administrator
• Analyse and develop system solutions to improve process efficiency, data integrity and business intelligence reporting
• Assist the Business Solution Manager with system implementations for Unlisted Assets

• Data validation and input
• Process documentation
• Ad-hoc tasks

Other finance and operational duties as directed by the Head of Operations.
Qualifications
About You:
The Analyst, Unlisted Middle Office should hold an appropriate tertiary qualification and the following:

• Qualified accountant or Chartered Accountant (CA) / Chartered Practicing Accountant (CPA) or in progress viewed favourably
• Demonstrated experience post tertiary qualifications completion
• Ideally with funds management experience
• Understanding of fund accounting and tax for Special Purpose Vehicles (Trusts & Corporations)
• Hands on experience preparing financial statements and documenting year-end adjustments for tax
• Structured in their written communication and organised in preparing supporting documents
• Excellent planning capabilities, both short and long term, derived from participation in preparing financial and other reports to specified timetables and deadlines
• Combine sound commercial judgement and empathy with the risk profile of a major superannuation fund
• Strong Excel, operational procedures and general financial systems skills
• Strong change and project management skills
• Sound knowledge and understanding of Unlisted Assets
• Commitment to organisational values and operational excellence

Additional Information
Benefits
Our benefits have been designed so you can tailor your experience with us and include

• Personal and professional development opportunities
• Hybrid working – Work to suit your lifestyle
• Purchase leave scheme and gender neutral 16 weeks paid parental leave
• Super Contribution Continuation for 12 Months of parental leave
• Meeting free breaks (Rest Stops)
• Income Protection Insurance
• Rest Excellence awards (peer recognition awards based on Rest’s values and behaviours)

If you share our values, want to help make a difference for our members and be part of a leading superannuation fund with a Super culture, please click Apply Now
Rest is committed to creating a flexible hybrid work environment and we are committed to a diverse and inclusive culture where people feel welcome and inspired to work at their best.
We value differences in people and actively seek a wide range of diverse employees. We are passionate about having a workplace that is inclusive of our differences in gender, ethnicity, orientation, age, background, geographical/rural/remote location, disrupted work history due to career or other breaks or abilities, so we can all bring the best of ourselves to work.
Please note only people with the right to work in Australia will be considered.