Skills required are numeracy, problem solving and the ability to be tenacious on the telephone. Pricing is responsible for pricing all securities for the FIL funds. Skills required are the ability to work under pressure, numeracy and attention to detail. Fair Value is a small but crucial part of the department. They value stocks which are unlisted or where there has been a problem on the exchange.
Key skills are market knowledge, confidence when dealing with fund managers and systems ability.
The team liases constantly with fund managers and custodians. Skills required are knowledge of financial markets, attention to detail, numeracy and the confidence to chase fund managers and custodians. The work includes adding new brokers, new funds or securities, as well as fund set up. Fund Accounting is primarily responsible for signing off the fund prices each day on all FIL pooled funds. In addition, they are responsible for preparing semi-annual financial reports.