Fund Accounting Manager Job Description

Fund Accounting Manager Job Description

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Fund accounting manager provides technical guidance and interpretation of complex accounting issues to support compliance with US GAAP (and IFRS).

Fund Accounting Manager Duties & Responsibilities

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

Sample responsibilities for this position include:

Assist with fund launches, fund closures, mergers, corporate actions, from an operational perspective
Ensure that the Fund Accounting Department is provided with the necessary resources to meet corporate goals client expectations
Oversee processing, accounting, and customized reporting to the client
Ensure that client needs are addressed and resolved in a complete and timely manner
Conducting new product development including, defining and implementing service offering in light of evolving market trends, client requirements, geographical extensions and regulatory changes
Contribute to product strategy with analysis, input and insight
Thought leadership expertise and internal communication
Input to pricing and product marketing strategy
Ensure the consistency and best practice of both the product offering and delivery across the region, in terms of documentation and process
Oversight and delivery of Investment Initiatives for the Product

Fund Accounting Manager Qualifications

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

Licensing or Certifications for Fund Accounting Manager

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

Education for Fund Accounting Manager

Typically a job would require a certain level of education.

Employers hiring for the fund accounting manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Economics, Education, Business, Management, Accountancy, Real Estate, Professional Accounting, Leadership

Skills for Fund Accounting Manager

Desired skills for fund accounting manager include:

Partnership accounting
US GAAP
Corporate actions
Business processes and procedures service and systems
Private equity experience
Advent Geneva
Processes of a fund’s Custodian Bank and Investment Manager
Mantra
US GAAP and IFRS
Financial markets securities

Desired experience for fund accounting manager includes:

Monitor and report on potential and open risks and issues in the business
Oversee Fund Accounting client delivery and overall client satisifaction, identifying negative performance trends and working with internal partners to manage issues back to ‘green’
Provide input to commercial and legal matters for new & existing business
Provide technical guidance to sales and client management teams to ensure the appropriate understanding and positioning for new business opportunities and support client management on an ongoing basis
Review the operating model supporting the accounting product to determine how best to support new initiatives/business, working closely with Operations and Technology assess cost effective and STP service offering
Update product documentation to provide clarity of our capability and product messaging, both internally and externally

Fund Accounting Manager Examples

1

Fund Accounting Manager Job Description

Job Description Example
Our company is looking for a fund accounting manager. 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 manager
  • Reconcile various accounts and review reconciliations performed by junior staff
  • Take responsibility for quality of service assigned to client
  • Performs and monitors quality and internal controls for all team deliverables
  • Ensuring that all client deliveries are met to agreed service level agreements Board Reports, Monthly UCIT Reports, Management Fee Calculations, KIID or KIID Monitoring Reports
  • Monitor errors, complaints and potential breaches
  • Calculate performance of flagship hedge funds
  • Review position, cash and P&L reconciliations on a monthly basis prepared by the fund administrator
  • Review month end general ledger packages prepared by the fund administrator
  • Review month end fund NAV and investor statements for distribution to investors
  • Review and prepare certain schedules within the quarterly and annual hedge fund financial statements
Qualifications for fund accounting manager
  • Line Management experience - mandatory
  • CA or CPA Qualified - preferred
  • Third level qualification in accounting or finance or equivalent
  • 5-7 years minimum related experience in hedge fund accounting environment
  • Comprehensive working knowledge of all aspects of the Fund Accounting to Custody/Broker Reconciliation process and also of the NAV calculation process
  • Knowledge of the roles of all key players within the Fund Administration process
2

Fund Accounting Manager Job Description

Job Description Example
Our company is hiring for a fund accounting manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund accounting manager
  • Other duties as allocated by the fund administration Department or senior management
  • Ensuring compliance with process and procedures and that client files are updated
  • Analyzing and calculating of performance metrics for partnerships/accounts for each investment
  • Coordinating with funds’ independent auditors
  • A very strong background in Fund Administration with a strong experience in the area of Private Equity
  • A proven knowledge of the Fund Industry and demonstrable experience in leading teams in a similar role
  • Experience working with the Investran system (beneficial)
  • Educated to Bachelor’s degree level with a concentration in Accounting, Finance, Business or Economics (or equivalent qualification / work experience)
  • Focus on team building, morale and retention of talent to ensure exceptional team performance
  • Communicate effectively, providing information that is clear, concise and beneficial to others
Qualifications for fund accounting manager
  • Strong written, listening and verbal communication skills, effective telephone skills
  • Experience with instilling a strong client service culture in teams is desirable in addition to the ability to represent the business to clients via presentations
  • Extensive regulatory, legal and compliance experience
  • Experience in using SharePoint or MyShare an advantage
  • Comprehensive understanding of Fund Accounting (NAV and Financial Reporting)
  • The candidate will ideally have worked extensively with investment management clients
3

Fund Accounting Manager Job Description

Job Description Example
Our innovative and growing company is hiring for a fund accounting manager. 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 manager
  • Promote and maintain our high quality client experience
  • Help foster and cultivate a change culture where we strive to provide the highest quality service
  • Fund accounting and shadow NAV reconciliation with third party administrators
  • Production of weekly NAV performance estimates where necessary
  • FX trading for hedging of both fund portfolio and non-base currency share classes
  • Calculation of management and performance fees
  • Fund Performance Attribution
  • Reconciliation of daily cash flows from collateral administrators
  • Daily liquidity monitoring and communication with portfolio management
  • Running daily hypothetical trades for Portfolio Managers
Qualifications for fund accounting manager
  • The jobholder will be involved in operational fund accounting activities, the team’s regulatory reporting requirements, supporting of new project initiatives and the effective management of ad hoc queries
  • Cross product training and providing coverage product ranges at both sign off and outside of sign off will also form part of the candidate’s role
  • Ensure NAV calculations are produced accurately and in a timely manner
  • Ensure all the KOP/SOP are got approved and signed between the locations
  • High profile position to help manage a new team/existing team producing and controlling NAVs for International funds
  • 2-3 years of experience in managing/supervising teams preferably Fund Accounting teams
4

Fund Accounting Manager Job Description

Job Description Example
Our company is hiring for a fund accounting manager. 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 manager
  • Assist with the analysis to better understand business activities and highlight improvement opportunities
  • Other general duties as determined by management
  • Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators
  • Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds capital account summaries for limited partners
  • Manages an accounting operations unit or function
  • Responsibility for work scheduling and staff management for the team
  • Responsibility for providing management with regular information regarding salient aspects of the group's activities/work in progress, work efficiency levels, client servicing issues and overall funds under management through weekly accumulation of information, update of existing MIS reporting, and implementation of any required alterations to the current format
  • Review the individual property Operating Comparison Reports to determine if reported numbers are reasonable compared to the budget and prior month and prior year activity
  • Second level of review of all operational processes
  • Escalation point for complex query management
Qualifications for fund accounting manager
  • Need people management skill considering team size of 50-60 staffs
  • Candidate is expected to have sound functional/product knowledge within & outside Fund Accounting perimeter
  • Should have project experience in process efficiency/reengineering within ops
  • Ensure to manage internal/external audit to enable team to maintain green report
  • Delegating the tasks to the assistant/deputy managers and other appropriate team members
  • Ensure all the KOP/SOP are got approved and signed in time between the locations
5

Fund Accounting Manager Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fund accounting manager. 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 manager
  • Prepare monthly management reports, governance committee reports and quarterly fund board reports
  • Communicate with the external fund accountant regarding accounting policy updates
  • Proactively support business partners and overall company goals by providing timely and accurate input
  • Check and investigate the net asset valuation (NAV) reconciliation, NAV pricing error and rectification procedures
  • Cash accounts monitoring and projection to ensure all trades, dividends and coupon interest are accounted properly
  • Review or compile various types of reports for internal or external parties (including client, regulatory, and regional investment reporting) and attending to enquiry from auditors and service providers
  • Monitor and co-ordinate all matters relating to opening of accounts with counterparties, provide instruction and documents for account opening/new fund setup, fund related accruals/ expenses, settlement of expenses, creation/cancellation of amounts/units and
  • Periodically review and update Policies & Procedure and BCP documents to reflect the latest development and changes and continuously improve processes/workflows
  • Provide support to front office and other business unit as and when required, support and guidance to new colleagues/subordinates and back-up to team members
  • Collaborating with colleagues on ad-hoc duties or projects, for example enhancement and/or testing of new system
Qualifications for fund accounting manager
  • Closely working with the Head of Department to integrate the new service/clients in to the Chennai hub
  • Fluency in Polish is preferred
  • Extensive work experience in the funds administration business
  • Knowledge of money market funds and exchange traded funds, including all accounting and structural issues typically inherent in these types of funds and the instruments they typically hold
  • Knowledge of managed currency funds and performance fee calculations including class-level and equalisation
  • Technical knowledge of complex fund structures including UCITS and non-UCITS, the regulation of these vehicles, investment management methods and fund accounting/valuation methods including NAV calculation, income distribution/equalisation, performance fee calculation methods and compliance monitoring

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