The buck stops here. All trades done by the FIL portfolio managers are settled by Investment Administration, all FIL securities are priced and all funds valued by the IA team. IA has over 110 staff, split between the following nine departments. Trade Settlements settles all deals placed by the Trading Desks around the world. On average, the team settles over 45,000 trades a month.
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.