Accountant, Fund Accountant Job Description

Accountant, Fund Accountant Job Description

4.5
125 votes for Accountant, Fund Accountant
Accountant, fund accountant provides training, guidance, and coverage for Fund Accountants to ensure daily accounting deliverables are timely and accurate.

Accountant, Fund Accountant Duties & Responsibilities

To write an effective accountant, fund accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included accountant, fund accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Daily recording of all financial transactions in Investran on a US GAAP basis for private equity fund structures and related entities
Involvement with special projects including special client reporting, tax analysis of fund products, performance audits, new product design and structuring, as directed
Ensure all data required to produce the NAV is available and quality ensured (corporate actions, pricing)
Analyze the treatment of restructuring transactions and corporate actions
Working in a team to prepare Net Asset Value calculations, financial statements and associated reports
Preparation of quarterly and annual Fund Financial Statements
Preparation of Individual Partner Capital Statements
Management Fee and Carry Calculations
Preparation of Capital Call and Distributions
Monthly bank and brokerage account reconciliation

Accountant, Fund Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Accountant, Fund Accountant

List any licenses or certifications required by the position: CSC, CPA, VAT, AIC, CFA, MBA, CHFP, ACA, NA

Education for Accountant, Fund Accountant

Typically a job would require a certain level of education.

Employers hiring for the accountant, fund accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Real Estate, Business/Administration, Finance/Economics, Finance/Accounting, Legal

Skills for Accountant, Fund Accountant

Desired skills for accountant, fund accountant include:

Standards and procedures for own tasks
Bloomberg
Excel
GP3 will be considered
Microsoft Excel and Word essential
Mutual Funds and Open Ended Investment Companies
Regulatory regulations pertaining to Unit Trusts
Sungard Invest One is an advantage but not essential
Word
Valuations functions

Desired experience for accountant, fund accountant includes:

6+ months of Accounting
Preparation of wires
Monthly Expense Reimbursement by Funds to Management Company
Assisting with Limited Partner requests
Assisting Auditors with year-end Audits
Assisting with K-1 preparation including preparation of various schedules

Accountant, Fund Accountant Examples

1

Accountant, Fund Accountant Job Description

Job Description Example
Our company is hiring for an accountant, fund accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for accountant, fund accountant
  • Preparing cash, position and other reconciliations to counterparties
  • Processing and calculating dividend, interest and other fee accruals
  • Calculation of fund performance
  • Maintenance of monthly investor allocations
  • Working directly with our auditors as it relates to the annual audits, including the preparation of financial statements with applicable footnote disclosures
  • Assisting in various projects, including the implementation of new systems
  • Recording and monitoring of foreign currency hedges
  • Assistance with daily trade upload and transaction reports to custodians
  • Monthly calculation and reporting of fund performance
  • Monthly position reconciliation
Qualifications for accountant, fund accountant
  • Previous experience with Investment Partnership and Partnership Accounting
  • 2+ years of Public Accounting experience with Private Equity or Hedge Fund clients
  • Previous Collaterialized Loans Obligations (CLO) experience
  • 1+ years relevant/Private Equity experience
  • Preparation of audits
  • Assistant with marketing efforts
2

Accountant, Fund Accountant Job Description

Job Description Example
Our innovative and growing company is looking for an accountant, fund accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for accountant, fund accountant
  • Exotic fixed income products
  • Open and close ended funds
  • Daily Profit and Loss
  • Dealing with the Project Manager's ad hoc projects
  • Preparation and issuance of quarterly US GAAP financial statements for each entity
  • Preparation of workpapers and any additional information in connection with the annual US GAAP audit
  • Assist with any regulatory and tax filings
  • Assist in providing information required to address investor requests and internal ad hoc requests
  • Maintenance of detailed data relating to investments, investors and fund entities as required for internal and external reporting
  • Interact with various groups within the organization to obtain and provide timely information
Qualifications for accountant, fund accountant
  • Prior experience in the pricing process for equities and bonds
  • 2+ years of Public Accounting with a solid Hedge Funds / Products background
  • Previous Audit (Financial and Products), Equities, Fixed Income, and Mortgage Backed Securities experience
  • A Bachelor’s degree is required (Accounting preferred) or an equivalent combination of education, training and experience that would provide the knowledge, skills and ability
  • Ability to quickly learn unfamiliar concepts in a fast-paced environment
  • BS/BA degree in Accounting, Finance or related discipline preferred
3

Accountant, Fund Accountant Job Description

Job Description Example
Our company is growing rapidly and is hiring for an accountant, fund accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for accountant, fund accountant
  • Help implement best practices for the Accounting team’s processes
  • Work closely with fund administrator to reconcile in-house books and records in a full NAV environment
  • Reconcile Balance Sheet and Income Statement line items
  • Calculate fund returns
  • Review partnership allocations and investor statements
  • Assist with tax allocations and K-1 and partnership tax return preparation
  • Provide general back office support for other departments within the firm
  • Enter and review fee set-ups in Mpower
  • Assist with calculation of T3 factors and Return of Capital Adjustments (ROC)
  • Assist Manager in new fund start-ups, fund wind downs and fund mergers
Qualifications for accountant, fund accountant
  • A Bachelor’s degree (Accounting preferred) is required or an equivalent combination of education, training and experience that would provide the knowledge, skills and ability
  • Fund/ mandate reporting
  • Prepare and maintain monthly books and records for complex fund structures
  • Prepare year-end financial statements and footnotes for assigned funds in coordination with independent auditors
  • Assist in the production and completion of quarterly and annual regulatory reporting
  • Participate in monthly cash reconciliation processes
4

Accountant, Fund Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for an accountant, fund accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for accountant, fund accountant
  • Assist the real estate investment team on fundings for closings and dispositions and review of monthly investment level reporting from our operators
  • Oversee monthly fund closings including partner income allocations, fee calculations, portfolio reconciliations, dividend reconciliations and interaction with outside administrator to reconcile books
  • Complete ad-hoc management and compliance reporting
  • Book entries
  • Investor allocations
  • Responsible for preparing journal entries for company’s financial, various investments entities funds
  • Ad hoc duties across other teams within Finance Services, , SOx testing
  • Assist with the preparation of consolidated financial statements, reconciling intercompany accounts and rollup entities
  • FX trading
  • Performance Attribution and fund performance analytics
Qualifications for accountant, fund accountant
  • Investment accounting experience from another fund
  • 3 years + Fund Management specific experience
  • Experienced candidates should have between three and five years of experience with private equity funds, or hedge funds
  • Qualified / Part-qualified accountant with two year's accounting-related experience
  • Preparation of fund statistical information
  • Reconciling daily cash flows from collateral administrators
5

Accountant, Fund Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for an accountant, fund accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for accountant, fund accountant
  • Participate in the preparation of annual fund financial statements in accordance with US GAAP
  • Perform detailed financial statement reviews, tie-outs to supporting work papers, and corporate trading entities
  • Liaise with internal resources and external fund administrator, corporate service providers and external auditors
  • Assist in preparing regulatory filings such as quarterly and annual filings
  • Assist with monthly, quarterly and annual closes of the corporate trading related entities
  • Create documentation for fund processes / policies and procedures / new funds
  • Participate in the PM trading team compensation analysis process
  • Enhance, automate and streamline work processes
  • Accounting & monthly reporting for c
  • Review Fund Administrator NAV and Investor Allocations
Qualifications for accountant, fund accountant
  • Accounting or part accountant qualified desirable
  • Knowledge of Hedge Fund Investor Capital and Profit & Loss Allocations process, including calculation of complex incentive and management fee rates, hurdle rates, side pocket accounting and profit & loss allocation
  • 3 to 5 years of public accounting
  • Comprehensive working knowledge of all aspects of the NAV calculation processes
  • Experience with Financial Reporting / Statement Preparation, Month-end Close, and Net Asset Value
  • Oversee year-end financial statement audits & financial statement prep, portfolio analysis, internal reporting, portfolio and client reporting

Related Job Descriptions

Resume Builder

Create a Resume in Minutes with Professional Resume Templates