Fund Accountant Job Description

Fund Accountant Job Description

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177 votes for Fund Accountant
Fund accountant provides analytical support and techniques to solve exceptionally difficult technical problems in financial programs to include examining documents, records, and accounting reports and processes to assure conformance with generally accepted accounting principles, operating procedures, and revised regulations; perform various accounting functions such as accounts receivables, reimbursable and cost accounting.

Fund Accountant Duties & Responsibilities

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

Sample responsibilities for this position include:

Hedge fund accounting
Assist the Fund Accounting Team in all requested areas
Processing daily trading activity for all funds, including corporate actions, while working closely with the Trading Operations Team
Collaterialized Loans Obligations (CLO) fund accounting
Recording all accounting transactions and monitoring cash activity daily
Prepare timely and accurate monthly Net Assets Values, yields, distributions, and other fund accounting output for subsequent review
Accurately record securities transactions, corporate actions and journal entries
Identify exceptions and variances affecting accounting records and communicating same to management and assisting in their resolution
Research securities in Fund portfolios for the purpose of ensuring proper accounting treatment (such as the nature of distributions, original issue discounts, and international valuations) and compliance with SEC, tax, and prospectus restrictions and limitations
Participation in special projects to enhance accounting, operations and reporting processes

Fund Accountant Qualifications

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

Licensing or Certifications for Fund Accountant

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

Education for Fund Accountant

Typically a job would require a certain level of education.

Employers hiring for the 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 Fund Accountant

Desired skills for fund accountant include:

With an emphasis on investment partnerships
Corporate actions
US Generally Accepted Accounting Principles and other comprehensive basis of accounting
Fund accounting and systems and regulations
Fund products
Advent Geneva
Excel
Accounting
US Generally Accepted Accounting Principles
Microsoft Office

Desired experience for fund accountant includes:

Ensure the book is properly marked each night
Investigate and resolve issues with paydowns, interest payments, withholding
Work with the desk and outside relationships to process expirations, assignments, exercises
Assist the desk with processing expirations, rolls
Assist with maintaining relationship with our month-end administrator
Provide support to external auditors for our year-end audit and interim AUP work

Fund Accountant Examples

1

Fund Accountant Job Description

Job Description Example
Our growing company is looking for a 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 fund accountant
  • Communicate new accounting processes and procedures to other groups, departments, and relevant employees
  • Coordinating between the front office, operations and accounting to understand the drivers and attribution of the funds’ performance, including valuation of the funds’ holdings
  • Work closely with a number of departments including the real estate investment and portfolio management team, legal, tax, corporate finance, and marketing and client services to ensure the preparation of accurate and timely accounting information and analysis, and the production of high quality financial and performance reporting
  • Complete daily processing and instruction to administrator of accounting entries as it relates to portfolio and fund
  • Oversee day-to-day investment accounting for clients with real estate funds
  • Provide support for accounting month end close
  • Identify exceptions and issues affecting accounting records and drive resolution through timely communication and correction
  • Dealing with outside auditors
  • The Month-end Close
  • Waterfall calculations
Qualifications for fund accountant
  • Managing hedge fund compliance
  • Performing financial, operational, and product audits
  • Experience with Audits (Financial
  • Help prepare for audits
  • Assist in future projects
  • Communicating with our fund administrator in order to ensure our books and records reconcile
2

Fund Accountant Job Description

Job Description Example
Our growing company is looking for a 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 fund accountant
  • Verify prices of investment positions provided by prime brokers and management
  • Prepare, reconcile and distribute reports to/from investors and investment management
  • Assist in preparing annual audit schedules, compliance reports, annual financial statements or other reports
  • Maintaining fund and acquisition vehicle general ledger and trial balance
  • Entering monthly journal entries and accounts payable
  • Maintaining check registers
  • Preparing daily cash reconciliations for fund bank accounts
  • Preparing quarterly and annual fund financial statements including waterfall allocations and footnotes
  • Confirming wire receipts and disbursements
  • Preparing investor capital call and distribution calculations
Qualifications for fund accountant
  • Proficiency with Investran
  • Ideally combo of public and private experience
  • Cash management and bank account reconciliation
  • Calculation of capital calls, distributions, management fees, income and expense accruals
  • Allocation of income in accordance with the terms of the fund agreements
  • Maintenance and reconciliation of intercompany transactions
3

Fund Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for a 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 fund accountant
  • Analyzing limited partnership agreements
  • Prepare the daily, weekly, semi-monthly, monthly Net Asset Value (NAV) for funds
  • Meeting tight deadlines and Service Level Standards (SLS)
  • Review accrued dividend, interest income, management and administrative expenses and make adjustments when required
  • Verify and analyze security and unit holder transactions
  • Reconciliation and analysis of the general ledger to sub-ledger and resolve outstanding issues in a timely manner
  • Calculate and review performance fees (if applicable)
  • Ensure asset transfers are completed accurately and timely
  • Investigates, document and escalate issues/events
  • Prepare the calculation of year-end distributions of income, capital gains and related tax issues
Qualifications for fund accountant
  • A combination of directly related experience and education may be considered in lieu of the four-year degree requirement
  • Mix of Big 4/Private experience
  • Keep log of items outstanding
  • Liaise with external custodians/3rd Parties for the accurate and timely computation of the funds NAV
  • Review the work prepared by Fund Accountants for consistency and accuracy
  • Provide training to new Fund Accountants
4

Fund Accountant Job Description

Job Description Example
Our growing company is looking to fill the role of fund accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fund accountant
  • Ensure all financial documents are completed and submitted within their strict timetables in coordination with the independent administrator
  • Collaborate with other departments in order to effectively complete tasks in a timely manner
  • Assist in maintaining a high quality work level within the group
  • Continually work to expand upon and improve the efficiency and accuracy of all group process and procedures, the closing process and historical databases
  • Ownership of the daily end of day reporting and analysis process
  • Ownership of the valuation process for the funds’ investment portfolio, including review and analysis of vendor prices, broker marks, models and private equity positions
  • Review and analysis of portfolio risk metrics for funds’ portfolio, preparation of regular risk reporting for risk committee and traders
  • Preparation of monthly flash estimates and mid-month flash estimates for management and investors and preparing commentary and analysis of drivers
  • Reporting of performance and exposures, details of drivers, and other metrics for senior management for month and quarter reporting periods
  • Preparation of regulatory reporting and investor platform reporting related to the funds’ investment holdings
Qualifications for fund accountant
  • Zero to two years related experience
  • Maintenance of master position data for the funds’ reporting systems
  • Assisting with month end closing process, annual audit and financial statement reporting process
  • Taking ownership of the reporting systems from a business standpoint and ensure accuracy in system information
  • Coordinating with IT on enhancing reporting and development of standardization/automation in processes
  • Coordinating data accuracy with fund administrator and ensure timely update of all systems
5

Fund Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of 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 fund accountant
  • Oversee daily Profit and Loss
  • Calculate monthly Net Asset Valuations and partner/shareholder allocations
  • Prepare annual financial statements and assist with general audit support
  • Interface with external service providers and internal teams
  • Provide support and internal reporting for investor relations, tax and risk groups
  • Identify opportunities for procedural improvement ranging from simple process enhancements to larger strategic initiatives
  • Assist in preparation of statutory and regulatory deliverables
  • Working closely with Tax team to complete the annual K-1 and tax return review process
  • Regulatory filings including Form PF, CPO-PQR, S, SLT
  • Interaction with full service fund administrator, custodians and other third party service providers
Qualifications for fund accountant
  • Licensed CPA, or qualified and planning to sit for the CPA exams
  • Progress toward the CPA
  • At least 1 year in public accounting with a top 10 firm
  • Completing internal reporting to Investor Relations, Tax, Risk and management
  • Working closely with the operations and technology groups to research and resolve issues
  • Working closely with the Investor Relations, Treasury, Legal and Compliance groups to provide reporting to clients and other third parties

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