In this article, we’ll look at the best practices for onboarding your new Unit Trust Manager. We’ll look at the employee onboarding process/steps you can add to your own reusable Unit Trust Manager checklist.
Need help with onboarding new Finance team members? See the templates and resources we recommend for successful onboarding experiences.
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Are you looking for help setting up a staff orientation process so that when your new Unit Trust Manager starts their role, they can learn about their responsibilities and your company as quickly as possible? Whether you’re keen to use buddy onboarding, want to automate your Finance onboarding experience or just need an onboarding checklist for your new Unit Trust Manager, you’re in the right place. We’ve put together a sample Unit Trust Manager onboarding checklist below and have created onboarding templates & resources to help.
1. Introduction to Company: The new Unit Trust Manager should be provided with a comprehensive introduction to the company, including its history, mission, values, and organizational structure. This task is typically performed by the Human Resources department or a designated company representative.
2. Familiarization with Policies and Procedures: The new Unit Trust Manager should be given a thorough understanding of the company’s policies and procedures, including compliance regulations, risk management protocols, and ethical guidelines. This task is usually performed by the Compliance department or a designated supervisor.
3. Product Knowledge Training: The new Unit Trust Manager should receive extensive training on the various unit trust products offered by the company. This includes understanding the investment strategies, risk profiles, and performance metrics of each product. The training is typically conducted by the Product Development team or experienced Unit Trust Managers.
4. Client Relationship Management: The new Unit Trust Manager should be introduced to the company’s existing clients and provided with guidance on how to effectively manage client relationships. This includes understanding client needs, conducting portfolio reviews, and providing investment advice. The task is usually performed by the Sales or Relationship Management team, with support from senior Unit Trust Managers.
5. Investment Research and Analysis: The new Unit Trust Manager should be trained on how to conduct thorough investment research and analysis to identify potential investment opportunities. This includes analyzing financial statements, market trends, and economic indicators. The task is typically performed by the Research department or experienced Investment Analysts.
6. Portfolio Management: The new Unit Trust Manager should be trained on how to construct and manage investment portfolios for clients. This includes asset allocation, diversification, and rebalancing strategies. The training is usually conducted by experienced Portfolio Managers or the Investment Management team.
7. Compliance and Regulatory Training: The new Unit Trust Manager should receive training on compliance and regulatory requirements specific to the finance industry. This includes understanding anti-money laundering regulations, know-your-customer procedures, and reporting obligations. The training is typically conducted by the Compliance department or a designated compliance officer.
8. Technology and Systems Training: The new Unit Trust Manager should be trained on the company’s technology platforms and systems used for portfolio management, client reporting, and trading. This includes understanding how to navigate the systems, input data, and generate reports. The training is usually conducted by the IT department or a designated system administrator.
9. Performance Monitoring and Reporting: The new Unit Trust Manager should be trained on how to monitor and report on the performance of client portfolios. This includes understanding performance benchmarks, calculating returns, and preparing client reports. The training is typically conducted by the Performance Measurement or Reporting team.
10. Continuous Professional Development: The new Unit Trust Manager should be encouraged to engage in continuous professional development activities, such as attending industry conferences, participating in training programs, and obtaining relevant certifications. This task is usually overseen by the Human Resources department or a designated supervisor
From reading through the items in the example Unit Trust Manager checklist above, you’ll now have an idea of how you can apply best practices to getting your new Unit Trust Manager up to speed and working well in your Finance team. Scroll up to see the link to our onboarding templates & resources or get in touch to discuss getting help setting up your systems and processes in this area.
