What is a Fund?
A fund is a pool of money that is allocated for a specific purpose. A fund can be established for any purpose, whether it is a local government setting aside money for an infrastructure project or an insurance company setting aside money to pay its customers’ claims. It’s not just governments or organisations that set up funds, individuals might establish a fund to pay for unforeseen expenses or to set aside money for a specific person.
Different types of funds include:
What Fund Job Opportunities Are There in Jersey?
With its political and fiscal stability, Jersey is a destination of choice for fund managers choosing where to locate either their funds or management company. Fund managers are responsible for making sure that accurate accounting records are kept for investment funds.
You could also be involved with implementing investment strategies and managing trading activities. Working in funds will allow you to work across a number of areas including:
- Hedge Funds
- Pension Funds
- Law
- Investment Funds
- Company secretarial
- Administration
A career in funds can open a number of career opportunities including:
- Financial Analyst
- Trader
- Portfolio Manager
- Fund Manager
- Fund Services Manager
- Fund Administrator
- Fund Accountant
What Skills Do I Need?
As a highly regulated industry, professional qualifications are very important to landing a fund’s job in Jersey.
Qualifications to consider include:
- A relevant university degree
- An accountancy qualification
- ICSA qualification
- CFA Level 1 qualification
- CLT International Certificate in Fund Administration (Diploma/Certificate/Advanced Levels)
The funds industry is constantly evolving and staying up to date with the latest market updates will be important for your success. We asked finance firms in Jersey what skills they are most looking for when hiring accountants and they responded:
- Ability to work effectively under pressure in a fast-paced environment
- Good numerical and IT skills
- Analytical and problem-solving skills
- Keen interest in and understanding of financial markets
- Ability to maintain confidentiality
- Team player
- Good communication skills
What Should I Do Next?
The funds industry is fast-growing and constantly evolving. If you are ready to kick-start your career in funds, visit our business directory to see what companies offer funds opportunities in Jersey.