Fund Accounting Specialist Job Description
Fund accounting specialist
provides staff resources to several RCO accounting processes including payroll processing, fixed assets, travel, and bank reconciliation.
Fund Accounting Specialist Duties & Responsibilities
To write an effective fund accounting specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included fund accounting specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Publish or review technical documentation on advanced concepts, including development of content for knowledge base articles, white papers, troubleshooting guides
Own, investigate and troubleshoot complex issues in the Eagle suite
Identify, test, recreate, resolve and/or escalate complex problems
Provide timely solutions to client issues
Assist in mentoring Knowledge Analyst resources on complex investigations, technical troubleshooting, and customer service best practices
Build solid strategic partnerships with Client Operations Managers in order to understand client business needs
Provide knowledge transfer opportunities to Knowledge Analysts and other Knowledge Specialists
Solution complex issues and challenges
Make the Global Support team more effective by creating training materials, generating technical notes, and developing problem isolation tools
Test and verify client workflows prior to providing clients with a software patch or new release
Fund Accounting Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Fund Accounting Specialist
Typically a job would require a certain level of education.
Employers hiring for the fund accounting specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, MBA, Education, Graduate, Business/Administration, Mathematics, Technical
Skills for Fund Accounting Specialist
Desired skills for fund accounting specialist include:
Industry developments and trends
Account reconciliation processes
Documentation
Prospectus
His/her client base
Excel
Processes of a fund’s Custodian Bank and Investment Manager
Financial instruments and their accounting treatment
Fund accounting systems
Access
Desired experience for fund accounting specialist includes:
4-year college degree or other pertinent practical experience in the financial services industry
Designation as a Certified Public Accountant is a plus
Proven ability to define problems, analyze and resolve complex issues
Ability to balance multiple priorities and shift priorities as needed
Ability to provide mentoring and coaching to junior resources
Strong work ethic and ability to meet deadlines and objectives
Fund Accounting Specialist Examples
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Fund Accounting Specialist Job Description
Job Description Example
Our growing company is hiring for a fund accounting specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund accounting specialist
- To assist the Team Leader through implementing changes to working practices and procedures so as to improve individual/team performance and efficiency and reduce operational risk
- To develop a good understanding of all role requirements for both Institutional (Property) and Retail (Bonds and Equities) funds
- Produce Statutory Reporting , Board Papers, NAV Calculations, Income Distribution Calculations and VAT Returns for the UK and Jersey Institutional Funds where required
- Monitor supplier performance by way of key performance indicators and specific service review meetings
- Monitor the production of Statutory Reporting and Board Papers for the UK Retail Funds
- Management of rebates received from external fund managers
- Validation of on-going charge figures
- Review of expense payments
- Support fund change programme
- Create procedures for and identify processes within FA that are currently not documented
Qualifications for fund accounting specialist
- VBA skills (can write and interpret VBA code)
- Preferably after IT / Econometrics / Math / Finance studies
- Process mapping skills is a plus
- BS in Accounting / Masters of Accounting preferred
- CPA is beneficial as is previous experience in a Fund Administration position
- Subject matter expertise in Mutual Fund Accounting and Financial Reporting is required with a minimum of 10 years of relevant industry experience including review of investment company financial statements
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Fund Accounting Specialist Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fund accounting specialist. 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 specialist
- Basic new hire training (IO/CC, email, intranet, PTO)
- Train representatives on new Fund Client’s products and procedures
- Provide and implement ongoing system upgrade and enhancement training
- Reinforcement training
- Create quizzes and evaluations to assess the training needs of the staff the effectiveness of the existing training sessions
- Coordinate meetings with the Mangers/Supervisors within the FA department to identify staff weaknesses and help to implement a reinforcement training course to help accountants/analysts meet expectations and improve their quality of work
- Create special process procedures and train the applicable individuals for special processes
- Validation and maintenance of MorningStar data
- Source and maintain fund, client portfolio and reference data
- Ensure data integrity between systems
Qualifications for fund accounting specialist
- Ability / willingness to work weekends where required to facilitate incident / crisis processing
- Masters Degree (finance or accounting preferable)
- Frame of mind focused on productivity
- Support initiatives for continuous improvement and efficiency in the end to end operations model
- Be responsible for the delivery of the report and accounts to clients/auditors
- Minimum five years documented professional experience in investment fund company or Big4 with exposure to Investors taxation
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Fund Accounting Specialist Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fund accounting specialist. 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 specialist
- Ensure BAU SLA standards and procedures are adhered to
- Proactive identification of data issues and exceptions, timely resolution to preserve delivery to clients and key stakeholders
- Communicate with external data vendor (such as MorningStar) for data enrichment, cleansing and testing
- Work closely with technology teams and external vendors on data clean up and issues resolution
- Plan and execute user acceptance test
- Support project manager on other data cleansing exercises
- Support onboarding activities
- Prepare journal entry directives, including support, to instruct the fund administration team on investment and fund related journal entries
- Month-end/quarter-end general ledger close activities such as review of equity pickup entries, AR/AP schedules, and investment balances
- Assist in the preparation of monthly foreign currency and hedge analysis
Qualifications for fund accounting specialist
- 1+ years of corporate experience, preferably in IT or finance related areas
- Very confident computer user, comfortable learning new tools and programmes quickly
- A results orientated individual who has a logical and analytical method of working
- Ability to work on own initiative/project when required, in the team
- Highly motivated, reliable, well organised
- Highly competitive benefits package including Health & Life Insurance
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Fund Accounting Specialist Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of fund accounting specialist. 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 specialist
- Assist with review of financial statements and other reports prepared by the fund administration team
- Interface with external auditors regarding the annual financial statements for main funds and co-invest funds
- Input wire transfers into the treasury system
- Prepare quarterly partner loan interest statements
- Assist with ad hoc projects (investor requests and other miscellaneous management requests)
- Responsible for the Fund Accounting oversight of Irish and Luxembourg based mutual funds
- Responding to internal and external fund accounting queries
- Oversight, co-ordination and review of fund distributions
- Oversight and management of third-party vendors (fund accountants, administrators, custodians) related to the Funds
- Coordinate and communicate daily inquiries to appropriate internal departments
Qualifications for fund accounting specialist
- Excellent English, with at least one additional European language (French, Italian, German…)
- Sound understanding of Reuters and pControl
- A collaborative culture and great teams
- Ability to work effectively in a team or individual environment
- Bachelor’s degree in accounting or the equivalent combination of education and experience is required
- 7+ years of Private Equity Fund accounting experience, including waterfall analysis and specification and/or development strongly preferred
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Fund Accounting Specialist Job Description
Job Description Example
Our company is growing rapidly and is hiring for a fund accounting specialist. 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 specialist
- Support Account Management and business development activities
- Support Fund Launches and process
- The team will manage the end-to-end data functions, product generation and associated client interactions for the IPD suite of products
- Perform reconciliation between Custody and Fund Accounting Platform of cash transfers linked to financial markets and fund events
- Use the Fund Accounting and Financial knowledge to advise Fund Accounting team in Luxemburg on identified items
- Analyse, comment and act upon identified issues in accordance to the Standard Operating Procedures
- Collaborate on a daily basis with Fund’s counterparties located in different countries
- Adherence to high quality standard of services provided established controls
- Perform any other tasks assigned by the superior unless they are contrary to the law or the contract of employment
- Coordinate the annual audit for 80+ funds
Qualifications for fund accounting specialist
- Ability to work a minimum 7.6hr shift
- Investran and Cascade proficiency strongly preferred
- Waterfall Software strongly preferred
- Ability to read and analyze a Fund Limited Partnership Agreement (“LPA”), the legal document that governs the waterfall calculation strongly preferred
- Ability to translate language from LPA to business requirements strongly preferred
- Desire and proven ability to master accounting applications strongly preferred