Fund Accounting Job Description

Fund Accounting Job Description

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Fund accounting provides oversight of the recording and management of investor transactions and reporting including the review of investor communications during the drawdown, distribution and NAV processes.

Fund Accounting Duties & Responsibilities

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

Sample responsibilities for this position include:

Review legal documents for fund accounting process considerations
Oversee set-up of new structures in systems
Enhance processes, controls and systems for daily trading accounts
Review investor statement reconciliations
Liaise with transfer agent and internal client servicing team to respond to client inquiries
Respond to specific client requests and liaise with direct client contact
Ensure the team's NAV's are prepared to meet all deadlines
Ensure the teams NAV's are distributed to all relevant parties for reporting
Assume responsiblity for team meetings
Review fee accurals and budgets

Fund Accounting Qualifications

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

Licensing or Certifications for Fund Accounting

List any licenses or certifications required by the position: CFA, MBA, CPA, CAIA, ACCA, PMI

Education for Fund Accounting

Typically a job would require a certain level of education.

Employers hiring for the fund accounting 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, Education, Economics, Accountancy, Real Estate, Management, Professional Accounting, Technical

Skills for Fund Accounting

Desired skills for fund accounting include:

NAV Calculation Processing & Review across all funds & instruments types
Industry developments and trends
Account reconciliation processes
Documentation
Prospectus
Excel
Processes of a fund’s Custodian Bank and Investment Manager
His/her client base
Current alternative procedures and processes
Corporate actions

Desired experience for fund accounting includes:

Ensure timely completion of statutory returns
Complete NAV calculations where necessary
Ideally 3 + years experience working in the funds industry
People management experience is a huge advantage
Available to start at relatively short notice
Knowledge of fund accounting, financial instruments and expenses in particular

Fund Accounting Examples

1

Fund Accounting Job Description

Job Description Example
Our company is growing rapidly and is hiring for a fund accounting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fund accounting
  • Maintains client service in accordance with Group's internal controls and the regulatory requirements
  • Anticipates client business issues and developments in the hedge fund industry, uses knowledge to focus work and drive improvements
  • Develop ideas for new products and services to expand business opportunities and better meet the needs of clients, understanding Group proprietary software and infrastructure
  • Generates new solutions to complex problems
  • Involved in the preparation of proposals for new business and participates in decision-making process
  • Demonstrates depth/ breadth of knowledge / skills in own discipline & shares expertise with colleagues and other departments
  • Provide support for and effectively communicate company initiatives and goals to AVP's, managers and staff within the group
  • Participate in and/or head special projects, serve on related committees and play an active role in their execution
  • Provide direction to AVP's, managers and staff to ensure effective teamwork that accomplishes business unit goals and objectives
  • Responsible for engaging, managing and developing talent within their group
Qualifications for fund accounting
  • 5-7 year's experience working in Hedge funds Industry
  • Demonstrate managerial and leadership skills
  • Degree qualified in accounting or finance or equivalent
  • Significant management skills with Knowledge of Mutual Fund Accounting, Regulatory and Client Reporting are essential
  • Knowledge of Alternative Investments/Hedge Fund Accounting and KIID Reporting
  • Proficiency in Oracle, Discoverer, ADI or similar accounting software
2

Fund Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking for a fund accounting. 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 accounting
  • 15% Oversees daily valuation process ensuring accurate NAV calculations, including reviewing portfolio returns to benchmark expectations and when necessary, substantiating securities pricing
  • 10% Monitors department workflow and accounting system processes to ensure they are effective and efficient in meeting deadlines
  • 10% Assists the management in analyzing and researching proper accounting valuation and reporting issues
  • Managing a team to ensure all members are enabled to operate at optimum level
  • Promoting high quality client experience
  • Delivering NAVs for a range of clients
  • Reviewing trial balance and underlying information to ensure accuracy
  • Analysing and reviewing movements in NAV
  • Preparing and presenting reports at Board meetings
  • Provide campus support to faculty and staff in the processing and management of various funds, gifts, grants and endowments, in the Oracle system
Qualifications for fund accounting
  • Knowledge of the Sungard InvestOne System preferred
  • Heavy unit pricing background - mandatory
  • Minimum 7-8 years' experience in alternative fund services industry with a minimum 4 years at manager level
  • Proven experience in acting as a senior point of contact for clients
  • Proven leaderships qualities excellent interpersonal skills
  • Strong communication, negotiation & influencing skills
3

Fund Accounting Job Description

Job Description Example
Our growing company is looking to fill the role of fund accounting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fund accounting
  • Plan, direct, and monitor all budgets for areas of responsibility
  • Manage organization's accounting activities and structure
  • Design and execute an effective system of internal controls for areas of responsibility
  • Make recommendations and negotiate and influence issues related to university accounting policy
  • Oversee development and delivery of education and outreach meetings related to area of responsibility
  • Drive continuous critical analysis of existing systems and processes
  • Review monthly, quarterly and annual financial statement work papers, including portfolio schedules, accruals and investor allocations
  • Manage the client relationship, establishing trust and rapport
  • Generate process and system enhancement ideas and co-ordinate the introduction of these changes with supporting documented procedure
  • Supervise the completion of daily and monthly accounting controls for the portfolios
Qualifications for fund accounting
  • Leaving Certificate examination (or equivalent) with a minimum grade B1 ordinary level Maths
  • Qualified to degree level in Business/Finance/Mathematical discipline would be desirable
  • 3-5+ years Lead Business Analyst or Hybrid BA/PM experience
  • Review account reconciliations and ensure that all exceptions are resolved in a timely manner
  • Ability to meet all standards for fund accounting including cash reconciliation, NAV reporting
  • Familiarity with Sungard, Paladyne and the Advent Geneva accounting system is a major plus
4

Fund Accounting Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of fund accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fund accounting
  • To identify efficiency and area’s for improvement to reduce risk and become more efficient
  • Cash and Portfolio Reconciliations (custody and non-custody)
  • Valuations and Price analysis
  • Preparation of compliance reporting information
  • Blocker corporation net asset value calculation
  • Investor distribution and capital call analysis
  • Investor Statement, Capital Call and Distribution preparation
  • Income and Expense Processing
  • Review and Organization of underlying holding/investment documents and statements
  • Review and Organization of fund documents in order to interpret and execute allocation requirements
Qualifications for fund accounting
  • Educated to Masters or degree level with professional accountancy qualifications desirable
  • Self-motivated with the ability to work on projects in a team environment stand-alone
  • 1+ year of professional experience, public accounting or private equity
  • Strong knowledge of private equity fund accounting
  • Bachelors degree, Finance, Accounting, or other relevant areas of study preferred
  • Knowledge of complex accounting and securities processing procedure
5

Fund Accounting Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of fund accounting. 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 accounting
  • Preparation of internal analysis and reporting
  • Audit support and financial statement review
  • Fund Accounting team management
  • Review quarterly and annual reporting deliverables
  • Review monthly reporting deliverables including NAV files, investor statements and customized reports
  • Review quarterly reporting templates which will be included in quarterly filing and / or press release
  • Actively manage / coach staff
  • Coordinate / work with Operations group and the administrator to resolve issues
  • Accounts according to procedures and within scheduled timeframes
  • Records and responds to partner and client inquiries, providing guidance and resolving
Qualifications for fund accounting
  • Be independent, confident, self-motivated, pro-active and mature
  • Master degree in Finance/Economics and ideally possess an accounting qualification
  • Minimum of 6-7 years’ fund accounting experience, additional experience in finance would be an asset
  • Mutual, Fund of Fund, Hedge Fund product exposure
  • Minimum 4+ years of experience in Fund Accounting process
  • Advanced knowledge of requisite computer software and systems

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