Hello All, As a 2 year lurker I have finally decided to make my present known! I passed Level 2 in June08 and decided to take a year long break from the madness of CFA studying. I work as a Portfolio administrator in a asset management firm and hope to have my work experience submitted and accepted before the “hoopla” Level 3 exam. Now my concern is it may not get accepted (as my 48 months of experience were all gained in this role) even though on the CFA website - portfolio administrator is an acceptable job title. So my question is whether or not anybody on here is a portfolio administrator and has had their work experience accepted? Or WORSE rejected! I know duties vary country to country for this job but generally I think they are same regardless. I am probably being way too paranoid but I am very concerned with this and I guess it’s better to be safe than sorry. My main relevant duties (I will of course expand when I submit my experience to CFA institute) 1) Nav recs- Ensuring the accuracy/integrity of valuation data between our company’s In-house system and the Fund Accountant (who publish fund NAV’s managed by our firm) are within certain tolerance level, highlighting if and when any discrepancies to the relevant dept for correction and most importantly to Fund managers so that they can make investment decisions based on true and accurate data. Due to a number of differences between the two positions, prices, etc discrepancies can cause trading errors and in turn huge monetary losses. 2) Hedging is used to ease the effect of foreign currency volatility on the performance of the Hedged Share Classes (these classes provide investors with an alternative to investing in the base currency of the fund) Evaluate accounts for rebalancing each business day and if the variation in value (hedge ratio) has been breached instruct spot/forward FX transactions (1 month durations) taking into account flow advices and valuation changes to safeguard the value of the currency of the hedged share class versus the base currency of the underlying Fund. When necessary Rollover FX instructed in excess of 600M EUR Finally let me just say that I really wish the best of luck to everyone with their Level 3 results and hope I wont be getting any rude answers (or witty!) for my question 
Based on the work experience requirements and my personal experience with the CFAI the above will not qualify unless you change the description to make it seem like you are actually part of the decision making process .
Thanks for replying to my post Rudeboi, when you mention your personal experience, in what capacity are you relating this to? are you PA too? Do you have any ideas how i could edit it to the liking of CFAI?
Not a PA role but I worked back office for a large firm doing similar stuff . They did not accept it but I gues it does not hurt to try . Maybe you can make it seem like you were responsible for making the hedging /rebalancing decision ?? However I would also caution against putting in too much BS .
My advice would be to review the LOS of the CFA Cirriculum and try as much as possible to align your job description to those. Additionally, you have to accentuate why your role adds to the investment management process. At the end of the day, it is your duties that determines acceptability as opposed to the title. From what I know, a PM or asset management shop cannot operate effectively without knowledge of the performance of asset/fund/model valuations. Integrity of that data would be implicit in that, which is where verifying integrity of that data to MIS systems would fall. Without this data, portfolio managers cannot assess where they went wrong or where they can improve performance. With this info they can then align SAA or TAA to improve performance. Just a word of advice, you can make it work and it can be accepted. It’ll just require a lot of thought, but don’t inflate your responsibilities.
Many thanks for the advice chaps Good luck with your results.