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Investment Administrator

Do you want to become a Investment Administrator? Here is some information to help point you in the right direction:

Job Description - Print Page

Investment administrators are responsible for providing administrative support to the products and services provided by the financial services industry.

The role of an investment administrator varies according to the employer, but generally involves:

• processing new business and investment applications
• ensuring that customer data and records are updated and maintained
• ensuring systems meet company and legal requirements
• assisting in reconciling funds, and issuing accurate valuations and payments of funds on demand
• accepting written instructions and handling telephone calls, checking and inputting customers' instructions and ensuring that client investment purchases or sales are accurately settled or completed.

They usually work Monday to Friday, 9am to 5pm. They may be required to work additional hours at times, and overtime is usually available. The work is office based.

Salaries range from £15,000 a year, to more than £25,000 for experienced investment administrators.

Investment administrators need:

• strong interpersonal and communication skills
• excellent customer service skills
• to work well as part of a team
• good numeracy skills
• to be analytical, with good attention to detail and accuracy.

There are over 20,000 support staff employed in the securities and investment sector and the prospects are good. Employers include banks, investment houses and private companies. Opportunities exist throughout the UK.

The minimum entry requirements to work as an investment administrator are four GCSEs/S grades (A-C/1-3), including English and maths. Opportunities may also be available for candidates with two A levels/three H grades and a degree.

Training is usually provided on the job. Employers normally provide structured in-house training programmes, covering all aspects of the role and company procedures. To comply with regulatory legislation in financial services trainees are normally required to take a programme of exams. The Securities and Investment Institute offers various qualifications from the Investment Administration Qualification (IAQ) through to the Diploma.

Career progression and promotion are usually performance related. Initially investment administrators may take on greater responsibilities as senior administrators, and the most able may become supervisors.

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