Manages fund prices and reacts to market prices on a daily basis.
Work Environment
This occupation is typically found in the following Career Sector(s):
Videos on the Web
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Working Life
A fund administrator, or investment fund administrator, protects the interests of investors and shareholders by independently verifying the assets and the valuation of the fund.
Funds are treated like companies and the accounts must therefore be prepared and published on a regular basis. The fund administrator does the financial paperwork processing, ensuring that clients have up-to-date information about their fund’s investment performance and also that the funds comply with all necessary legal requirements.
As a fund administrator, you can work for specialist fund management companies, Investment banks, insurance companies and Stockbroking firms.
Qualities - Fund Administrator
You need excellent numeric and analytical skills and you should have great attention to detail.
An ability to thrive in pressured environments and making decisions is important. You also need to be highly organised and have excellent time management skills
Excellent oral and written communication skills are needed as you liaise, write reports and negotiate with clients.
Interests - Fund Administrator
This occupation is typically suited for people with the following Career Interests:
Administrative
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
Enterprising
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
Entry / Progression - Fund Administrator
Financial administrators will develop their career from many pathways in financial services.
Some Independent Financial Advisers are qualified accountants & financial services.
- Transition from NFQ level 6-8 program with level 2.2, entry based on interview
- Mature applicants considered on application
To qualify as an accountant, you need to register with one of the appropriate professional bodies. You then combine on-the-job training with part-time study and written examinations.
The relevant bodies are:
- Association of Chartered Certified Accountants
- Chartered Institute of Management Accountants
- Institute of Chartered Accountants in Ireland
- Institute of Certified Public Accountants in Ireland
If you want to register with one of these bodies you must meet their minimum educational requirements. If you exceed the minimum entry requirements you may be exempt from some written examinations.
Sample Education and Training Pathways
A number of courses are available throughout the country that focus on learning and skills that may be useful for this career. The examples and links below may guide you in your research.
Further Education (FET)
Further Education & Training (FET) Courses are delivered by local ETBs, ranging in duration from several weeks up to 20 months. Courses are designed to meet the labour market needs and often include a large element of work experience.
Example search terms include: business admin, customer service, management.
Search for FET Courses
PLC Courses (FET)
PLC courses are full-time courses, one or two years duration, with awards at Level 5 and 6 on the NFQ. They are offered nationally in Schools and Colleges of Further Education.
Example search terms include: business management, sales, marketing, commerce, accounting.
Search for PLC Courses
Apprenticeships:
Apprenticeships are structured work-based training programs that combine on-the-job training with classroom instruction. They run from 2 – 4 years and are open to individuals of all ages, including school leavers, those seeking a career change, and existing employees who wish to upskill.
Examples: Accounting, Finance Services.
Search for Apprenticeships
Higher Education CAO (Undergraduate)
Higher Education courses at Levels 6 to 8 on the NFQ, delivered in Universities and Technological Universities & Institutes. Courses run from 2 – 5 years and places are allocated on a points-based system, processed by the Central Application Office.
Example search terms include: business, commerce, economics, maths, statistics, accounts, finance.
Search for CAO Courses
Higher Education (Postgraduate)
Postgraduate courses are courses at Levels 9 and 10 on the NFQ and usually last 1 – 2 years full time, or longer if a PhD or part time. Entrants typically require an undergraduate award (Level 8).
Example search terms include: sales, business, accounts, management, financial advice.
Search for Postgraduate Courses
Professional Development
Professional development (CPD) courses are specialised training, formal education, or advanced professional learning that improves skills, professional knowledge, competency, and overall effectiveness in the professional world.
International Financial Services Skillnet Network
Irish Banking & Payments Federation
The 30% club: Growth Through Diversity
Check the Useful Contacts tab on this page to see if there are any professional bodies listed who may provide training related to this career.
Pay & Salary - Fund Administrator
Salary Range (thousands per year)* €28k - €45k
Salaries vary based on employer, location, experience, duties, and role.
Data Source(s):
CPL / Morgan McKinley / Brightwater / Sigmar/ Lincoln/ Azon/ Clark
Last Updated: July, 2024
Labour Market Updates - Fund Administrator
Note: The following information relates to occupations that include: Credit controllers; Book-keepers; payroll managers; wages clerks; Bank and post office clerks; Finance officers; Financial administrative occupations n.e.c.; Pensions and insurance clerks and assistants.
This information has been derived from the Solas National Skills Bulletin (2023).
Financial administration roles accounted for the largest occupation in this group. Employment declined marginally between 2021 and 2022, although the annual average employment growth rate over the five-year period was slightly above the national average. Despite the fall in employment, there was a high volume of recent job hires indicating that job churn is a feature of this occupation. Almost three quarters of those employed in these roles were female, and 62% held third-level qualifications.
Approximately two-fifths of persons employed were in the financial sector, with the remainder spread across most other sectors. The number of online job adverts grew strongly (nearly 12%) in 2022 driven entirely by increases for book-keepers/payroll managers etc. Difficult-to-fill vacancies (noted in the Recruitment Agency Survey and the Skills for Growth data) related to accounts administration (payable/receivable) staff, fund accountants, and credit controllers (some with languages) and payroll administration; skills in particular demand included digital skills and knowledge of accounting systems. For such a large occupation, and with a high level of job churn, demand for these roles is likely to continue in the short to medium term.
Useful Contacts - Fund Administrator
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Irish Funds Industry Association
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Institute of Banking
