Fund Accounting Associate Job Description

Fund Accounting Associate Job Description

4.5
116 votes for Fund Accounting Associate
Fund accounting associate provides general administrative support to all areas of the Controller's Group, including Financial Operations, Financial Accounting and Reporting, and Financial Systems and Controls.

Fund Accounting Associate Duties & Responsibilities

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

Sample responsibilities for this position include:

Cash & Securities Service Reviews – Work closely with relevant GMI stakeholders and internal Business partners (LOB’s) to deliver Service Review for Agents/FMIs
Assist the Director of Accounting in coordinating with fund administrators and other service providers to ensure timely and accurate financial reporting
Analyze deal documentation and support the investment team on any accounting or financial reporting related activities
Investigating and resolving day to day escalated enquiries & service issues
Supporting the fund and corporate accounting, financial reporting, and operations
Preparation of the monthly, quarterly, and annual financial statements
Producing key deliverables in tracking and updating the funds portfolio of investments
Daily cash management and accounts payable
Efficient and effective communication with auditors, SOX compliance consultants, and investment team
Communicating and maintaining relationships with third party vendors

Fund Accounting Associate Qualifications

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

Licensing or Certifications for Fund Accounting Associate

List any licenses or certifications required by the position: CPA, PMP, CFA

Education for Fund Accounting Associate

Typically a job would require a certain level of education.

Employers hiring for the fund accounting associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Economics, MBA, Business, Graduate, Communication, Financial Services, Mathematics, Technical

Skills for Fund Accounting Associate

Desired skills for fund accounting associate include:

Current alternative procedures and processes
40 ACTs Accounting-Fund Accounting
CIB/FSO product
Financial Reporting and Tax Operations
Operations areas
Service
Accounting and financial reporting
Documentation
Prospectus
Your client base

Desired experience for fund accounting associate includes:

Successful resolution of all inquiries/requests within a reasonable time frame
Managing custodial relationships and Profit and Loss reporting for separate accounts
Working with client business offices and advisors regarding tax, audit and accounting issues
Producing key deliverables in the completion of the BDC’s quarterly (10-Q) and annual (10-K) SEC filings
Tracking and updating the BDC’s portfolio of investments
The successful resolution of all inquiries/requests within a reasonable time frame

Fund Accounting Associate Examples

1

Fund Accounting Associate Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of fund accounting associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund accounting associate
  • Act as a liaison with prime brokers and counterparties on collateral and margin requirements
  • Act as a liaison with valuation team, operations and middle office teams on fund transactions and activities
  • Work closely with the Mumbai team and the client on all daily P&L processing
  • Managing client expectations and ultimately accountable for the timely resolution of all queries and projects
  • Initiate projects when required, to facilitate IT Development or Process change
  • Preparation/Review of quarterly and annual financial statements and capital statements
  • Producing/Reviewing key deliverables in the completion of quarterly and annual reporting
  • Tracking and updating the investment portfolio
  • Managing Investor capital calls and distributions
  • Calculating quarterly management fee and carry
Qualifications for fund accounting associate
  • Maintaining the waterfall model
  • Managing daily cash and accounts payable
  • Heavy involvement with monthly close procedures, financial statement preparation, and regulatory filing requirements
  • Assisting with tax allocations and K-1 and partnership tax return preparation
  • Preparation / reviewing quarterly and annual financial statements and capital statements
  • Efficient and effective communication with Auditors, the Investment team and External Investors
2

Fund Accounting Associate Job Description

Job Description Example
Our growing company is looking to fill the role of fund accounting associate. 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 associate
  • Manage treasury operations
  • Help administer capital call/distribution notices and upload investors’ quarterly capital account data
  • Develop astute recommendations and draw insights from little to massive amounts of information
  • Maintain general ledger for various private equity and hybrid PE funds
  • Reviewing all work product prepared by the Accounting staff, including monitoring and pricing of P&L, NAV’s and economic allocations
  • Fund financial statements with footnotes and supporting schedule
  • Coordinating and supporting audit
  • Complex Investment structures (hold co’s, blockers, tax withholding, etc)
  • Investment IRR’s
  • Debt accounting & interest calculations
Qualifications for fund accounting associate
  • Graduates / Post Graduates (B.Com/MBA Finance preferred)
  • 5+ years of Accounting or Back Office Operations experience within a Prime Broker, Administrator, Hedge Fund, Mutual Fund, Investment Advisor or Financial / Retirement Planner setting
  • Drive Non Location Strategy projects, establish Governance across MBM and Site Initiative Projects ex
  • Accounting degree with 150 credits for CPA Licensing
  • Role for an accountant with responsibility for the daily and monthly tasks
  • Complete the daily accounting responsibilities for specific funds, complete daily controls and solving daily issues which arise in the P&L process
3

Fund Accounting Associate Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of fund accounting associate. 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 associate
  • Partner with operations to ensure all errors, client breaches and data quality issues are addressed on time, follow-up on the Root Cause Analysis for closure and avoid recurrence of similar issues by implementing new controls
  • Partner with Operations Risk Management, Information Risk Management, Internal Audit and internal / external auditors to ensure compliance with corporate and regulatory compliance directives
  • Perform daily/monthly Quality assurance testing on process controls, on-boarding/off-boarding of staff, Clean desk policy
  • Conduct risk awareness training sessions as necessary and update the staff regularly on key developments in risk and controls space
  • Partner with IT Risk / technology staff, as needed, to improve controls over technology specific issues
  • Work on any special compliance and controls related projects as required by management
  • Contribute in team projects and process improvements (System enhancements, Automation)
  • Responsible for preparing and reviewing monthly, quarterly, and annual financial statements
  • Manage the monthly close activities for a group of assigned funds
  • Prepare capital calls and distributions for investors and partners
Qualifications for fund accounting associate
  • Fresher
  • Be a primary point of contact for operational activity across all Fund Ranges administered in Edinburgh, working as a trusted client partner and advocate, ensuring strong strategic alignment and open communication
  • Experience Level - Fresher
  • Experience - Fresher
  • Calculate total net assets and NAVs, and reconcile with trust banks
  • Knowledge of accounting and securities processing procedures, usually acquired through accounting/finance coursework or prior related experience, in order to review and audit reports
4

Fund Accounting Associate Job Description

Job Description Example
Our company is looking to fill the role of fund accounting associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund accounting associate
  • Communicate with alternative investment managers, custodians and other service providers
  • Liaise with client service teams
  • Promoting and maintaining high quality client service
  • Contributing to product/service development initiatives
  • Periodic fund accounting
  • Maintain information and reconcile loan investments and debt financings in Investran to loan tracking models
  • Prepare annual financial statements, quarterly capital statements, investor letters, LP distribution and capital call notifications, BX reporting deliverables, and quarterly work papers for internal review and quarterly reporting support
  • Calculate management fee, distributions, waterfall allocations, and IRR
  • Assist with ad-hoc projects and system implementations as necessary
  • Provide support to other functions such as corporate actions and data management when requested
Qualifications for fund accounting associate
  • Strong analytical skills (ability to opine on corporate actions, security valuation discrepancies, cash/stock dividends, equity swaps)
  • Evaluates and reconciles funds including mutual, commingled, and collective for production of client month-end reports or for daily valuation
  • Verifies transactions, audits income reports within scheduled timeframes and resolves exceptions on a daily basis for fund accounts
  • Ability to handle multiple tasks, meet reporting deadlines, and demonstrate flexibility with delivery of assignments
  • Technology proficiency is essential as the candidate would leverage a number of software applications such as Microsoft Excel, Word and PowerPoint YARDI
  • Candidate must exhibit strong financial and analytical skills
5

Fund Accounting Associate Job Description

Job Description Example
Our company is growing rapidly and is hiring for a fund accounting associate. 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 accounting associate
  • Preparing expense allocations and payments
  • Monitoring expenses and prepare budgets
  • Reviewing financial statements and regulatory reporting
  • Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
  • Overseeing the calculations and managing wire payments for various firm revenues, including management fees and incentive fees
  • Assisting in building processes and templates for new fund launches
  • Acting as a liaison with the Investment and Operation teams to review and enhance internal and investor reporting
  • Assisting in review of investor statements, quarterly investment letters, and internal reporting
  • Maintaining accounting related data (capital, expenses, P&L) in internal systems
  • Coordinating with external auditors for the year-end audit process
Qualifications for fund accounting associate
  • Real Estate and/or Private Equity experience preferred
  • 8+ years solid experience in Accounting or Administrator
  • Knowledge of partnership accounting, hedge fund experience a strong plus
  • Strong private equity experience
  • 3-4 Years in Fund Accounting, Private Equity, Hedge Fund environment
  • Familiar with and have done Capital Calls and Distributions

Related Job Descriptions

Resume Builder

Create a Resume in Minutes with Professional Resume Templates