Fund Ops & NAV Oversight Agent
Oversees daily NAV, capital calls and distributions.
Reconciles the fund administrator's NAV against an independent recompute every day, chases the breaks, and stages capital calls and distributions for the accountable fund-ops owner's release. Halts any strike whose variance breaches tolerance and routes it to the owner; the NAV publishes on the owner's approval.
Authority
Recommend for approval
Team role
Monitors and escalates
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Alternatives & Funds Product
Desk workflow
Manager and fund diligence, then product approval, then subscription, then ongoing fund ops (NAV, capital calls, distributions), then reporting. Document-heavy and reconciliation-heavy, with NAV strikes independently recomputed and released by the accountable fund-ops owner.
Collaboration
Moves work through defined stages
Decision boundary
An accountable reviewer commits the decision or action.
Systems and capabilities involved
Fund accounting + admin feed
Independent NAV recompute
Custody + cash positions
Investor servicing system
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
External handoff
Operations (Fund Administration) for break remediation
Context
What the role needs to do the work
- Current work
- Today's NAV components + the prior-day baseline.
- Prior interactions
- Recent breaks and how they were resolved.
- Policies and reference
- Fund accounting rules, fee accruals, capital-call mechanics.
- Working method
- Not specified for this role.
Illustrative workflow
How the work moves
Starting point
Daily NAV strike for a fund-of-funds with overnight admin pricing.
- 01
Independently recompute NAV from positions, accruals and fees.
- 02
Reconcile against the administrator's struck NAV.
- 03
Investigate a 14-bps variance to a stale underlying mark.
Result
Holds the strike on a tolerance breach, raises a pricing break with evidence, and routes the decision to the accountable fund-ops owner.
Checks and boundaries
What must be tested or reviewed
- 01NAV variance beyond a tolerance band halts the strike and escalates to the accountable fund-ops owner; the NAV publishes on the owner's approval.
- 02Capital-call / distribution amounts reconciled to entitlements and released by the accountable fund-ops owner.
- 03Immutable audit log of every NAV strike and break resolution.
Human authority
An accountable reviewer commits the decision or action.
Keep exploring