Depositary Oversight Analyst
91% skill overlap
Your role
Fund Reporting Analyst
Full profileYour role
- L3 salary
- Not published yet
- Upcoming dated changes
- 5 changes ahead
What the role does
A fund reporting analyst prepares the financial and regulatory reports of investment funds. Typical outputs are annual and semi-annual financial statements, regulatory returns such as AIFMD (Alternative Investment Fund Managers Directive) Annex IV reporting, factsheets and investor reports, and data for templates used by distributors. The role takes fund accounting data, checks it, applies accounting and reporting rules, writes or reviews commentary and coordinates with auditors, managers and fund boards. It sits in fund administrators, custodians and asset managers.
Read a day in the life
A day in the life
The day follows the reporting calendar. In the financial statements season the analyst extracts year-end balances from the fund accounting system, maps them into statement templates and checks that totals agree with the final NAV (net asset value). Notes such as portfolio listings, derivatives, fees and related parties are prepared and cross-checked. Questions go back to fund accountants when a balance looks wrong. Mid-morning the analyst may answer audit requests: supporting schedules, price evidence or confirmations. In the afternoon the work might switch to regulatory reporting, preparing an Annex IV return with leverage, liquidity and exposure data and validating it against the supervisor's format before submission. Outside the main deadlines the analyst prepares monthly factsheets and investor reports, maintains templates and reporting controls, and helps onboard new funds. Clear checklists and reviewer sign-off are central, because published reports must be right.
Levels
- L1 Starting out
- L2 Independent
- L3 Senior or specialist
- L4 Leads a team or an area
- L5 Leads the function
Full level descriptions and job titles
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Prepares report sections and schedules from templates, checks figures against fund accounting data and learns fund reporting rules, templates and systems under supervision. | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns financial statements or regulatory reports for a set of funds, coordinates auditors and fund accountants, reviews junior work and trains new analysts. | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Handles complex funds and new reporting requirements, interprets accounting and regulatory rules, designs templates and controls and represents reporting in system projects. | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Leads a fund reporting team, owns the reporting calendar, quality controls and client and auditor relationships, and is the escalation point for reporting errors and deadlines. | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for fund reporting in a location or region, sets reporting standards and the operating model, and reports to senior management, clients and supervisors. | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Skills
Where the skill weights come from
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
Critical
- Net asset value calculationWeight 12.7%Relevant to you
- Accounting fundamentals (double entry)Weight 8.5%Relevant to you
- Corporate actions processingWeight 8.5%Relevant to you
- International accounting standards (IFRS)Weight 8.5%Relevant to you
- Management reporting and commentaryWeight 8.5%Relevant to you
Important and supporting skills 18
Important
- Attention to detailWeight 4.3%Relevant to you
- Fund regulation and structures (UCITS, AIFMD, US 1940 Act)Weight 4.3%Relevant to you
- Advanced Microsoft ExcelWeight 4.3%Relevant to you
- Period-end close and reconciliationsWeight 4.3%Relevant to you
- Trade lifecycleWeight 4.3%Relevant to you
- Investigative reasoning on anomaliesWeight 4.3%Relevant to you
- Working to tight deadlinesWeight 4.3%Relevant to you
- Querying data with SQLWeight 4.3%Relevant to you
- Risk judgment and escalation instinctWeight 4.3%Relevant to you
Supporting
- Performance measurement and attributionWeight 2.1%Relevant to you
- Financial markets knowledgeWeight 2.1%Relevant to you
- Client service mindsetWeight 2.1%Relevant to you
- Revenue recognitionWeight 2.1%Relevant to you
- Trading and risk systems (Murex, Calypso)Weight 2.1%Relevant to you
- Professional written communicationWeight 2.1%Relevant to you
Useful
- Data cleaning and validationWeight 0.7%Relevant to you
- Stakeholder managementWeight 0.7%Relevant to you
- Payment systems and messaging (SWIFT, ISO 20022, SEPA, ACH, UPI)Weight 0.7%Relevant to you
Processes
The work the role takes part in.
- Corporate actions
- Financial reporting and accounting
- Fund accounting and NAV
- Planning, budgeting and controlling
What each process covers
- Corporate actionsMain
- Financial reporting and accountingMain
- Fund accounting and NAVMain
- Planning, budgeting and controllingMain
- Depositary oversightSupporting
- ReconciliationsSupporting
- Securities settlementSupporting
- Trade capture and bookingSupporting
- Trade confirmation and affirmationSupporting
Where the role concentrates
How AI is changing the role
Report production is being automated with templates that pull data directly from accounting systems, and generative AI can draft commentary and check consistency across documents.
Read the full assessment
Report production is being automated with templates that pull data directly from accounting systems, and generative AI can draft commentary and check consistency across documents. The World Economic Forum Future of Jobs Report 2025 expects analytical thinking and technological literacy to grow most. Value moves to interpreting accounting and regulatory requirements, reviewing automated outputs, handling unusual funds and answering auditors and supervisors. Publications by ALFI (Association of the Luxembourg Fund Industry) and ESMA (European Securities and Markets Authority) show continuing change in fund reporting rules, which keeps demand for analysts who understand both the rules and the data.
Dated changes for this role
- CSRD scope narrowed by Omnibus I; second wave reports from financial year 2027Relevant to you
- AIFMD II and UCITS changes: reporting standards due 2027Relevant to you
- European Single Access Point opens to the publicRelevant to you
- Switzerland and Liechtenstein move to T+1 with the EU and UKRelevant to you
- FASTER Directive on withholding tax relief: transpositionRelevant to you
Worth knowing
Salary snapshot
Salary figures are not published yet
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Certifications
- FRM
- PRM
- CFA Program Level I
- ACCA Qualification
Concepts to know
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Do this job? Suggest a correction
Sources
AIFMD (Alternative Investment Fund Managers Directive)The Alternative Investment Fund Managers Directive (AIFMD), Directive 2011/61/EU, regulates managers of funds that are not UCITS, such as hedge, private equity, real estate and infrastructure funds. It sets authorisation, capital, depositary, reporting and marketing rules; Directive (EU) 2024/927 (AIFMD II) adds loan origination and liquidity rules.
Fund accountingFund accounting is the daily or periodic bookkeeping of an investment fund: recording trades, income, expenses and capital activity, pricing the portfolio and calculating the net asset value per unit. It also covers financial statements, fee calculations and reconciliations with the custodian and the transfer agent.
Generative AIGenerative AI is a family of AI models that produce new content (text, code, images, audio) in response to a prompt, by learning patterns from very large datasets. In finance it is used for drafting, summarising documents, coding help and customer service assistants.