Fund Accounting Supervisor Job Description

Fund Accounting Supervisor Job Description

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Fund accounting supervisor provides fund accounting, tax compliance and outsourced CFO services to clients, including conducting financial reporting and tax accounting per GAAP and GAAS for Investment Companies, Endowments, Families, Investment Funds and Registered Investment Advisors.

Fund Accounting Supervisor Duties & Responsibilities

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

Sample responsibilities for this position include:

Investigate complex accounting or system related issue occurring within the funds and determine appropriate course of action, including involving FTT where appropriate complex corporate action or failed auto post
Monthly Net Asset Value preparation, including Cash and Portfolio Reconciliations, Income and Expense Accruals, Partner/Shareholder Allocation calculations, and Financial Statement preparation
Preparing and reviewing trial balances and workpaper product
Interacting with senior management and clients
Establishing plan for new client setup and transitions
Coordinating, managing, and monitoring external audit process
Processing capital calls, distributions, and statements for the PE accounts
Placing outbound phone calls to clients in response to written inquiries, or to obtain clarification on transaction processing requests
Coordinating with Operations group, Tax group, Investor Relations group, Financial Statement group, and other groups at the company
Reviewing private equity fund clients partnership agreements, PPMs, and other materials

Fund Accounting Supervisor Qualifications

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

Licensing or Certifications for Fund Accounting Supervisor

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

Education for Fund Accounting Supervisor

Typically a job would require a certain level of education.

Employers hiring for the fund accounting supervisor 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, Education, Business/Administration, Professional Accounting, Graduate, Management, Communication

Skills for Fund Accounting Supervisor

Desired skills for fund accounting supervisor include:

Private Equity structures
Regulatory requirements and waterfall calculations
Investment Services industry in Europe
Anti-Money Laundering requirements
Advent Geneva
Fund accounting experience
Investment industry
GAAP and reporting standards
IFRS and US GAAP
Bookkeeping procedures

Desired experience for fund accounting supervisor includes:

Interacting daily with P&L team on valuations and price analysis
Calculating Net Asset Values
Preparing financial statements and associated reports
Supervising staff in an "Account", reviewing and signing off on work performed by staff in the Account
Acting as primary contact with clients and other fund participants
Participating in presentations to existing and prospective clients

Fund Accounting Supervisor Examples

1

Fund Accounting Supervisor Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fund accounting supervisor. 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 supervisor
  • Oversight and responsibility of the Fund Accountants, providing, amongst others, technical support and advice, and ensuring that all the procedures are diligently followed by the Fund Accountants
  • Endeavor to set direction and vision for the team and to build and enhance capabilities within the team covering all facets of project delivery disciplines
  • First escalation point for the FA Fund Accountants in providing technical support and advice
  • Ensure that a new team member will get the appropriate coaching in the team
  • Expected to develop a detailed understanding of the targeted business and at the same time, to engender long term relationships with targeted lines of business
  • Builds capability within the team covering all facets of project delivery disciplines
  • Builds high performing diverse teams, leveraging individual capabilities and strengths
  • Clearly expresses a vision for change
  • Expected to develop expert knowledge of fund accounting, shareholder servicing, and portfolio management software, all department automation relevant to the daily valuation, trading, and reporting of funds
  • Actively manage administrators
Qualifications for fund accounting supervisor
  • Coach, advise and train the Administrators in the team to a level where they are largely self sufficient and competent at investigating and resolving breaks
  • Manage a level of client interaction needed to resolve breaks
  • Reconcile asset balances to the prime brokers/counterparties on a daily basis
  • Reconcile cash balances to the prime brokers/counterparties on a daily basis
  • Annotate all open items in a clear and concise manner
  • Proactively follow up and work with the TCM Production Team, Derivatives Team, NAV Support, Transfer Agency and the client custodians and brokers to clear breaks on settled transactions
2

Fund Accounting Supervisor Job Description

Job Description Example
Our company is looking to fill the role of fund accounting supervisor. 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 supervisor
  • Track lifecycle events for complex instruments from initial set up to closeout
  • Provides input to routine & exceptional decisions regarding processes / systems issues, utilizing depth of knowledge/technical expertise to provide guidance and direction to teams
  • Ensure that daily NAVs are completed accurately and timely by the team
  • Supervises day-to-day activities for the team, and ensure timely completion and accurate dissemination of information
  • Ensure that all periodic tasks are completed accurately, reviewed and provided to appropriate parties as necessary by required deadlines
  • Acknowledge requests and liaise with Investment Accounting to ensure external and internal audit requests are completed timely and identified issues are resolved for applicable funds
  • Liaise with all key stakeholders that rely on Investment Accounting Services hand-offs
  • Review and ensure all Investment Accounting Services policy and procedure documentations are updated as required
  • Attend meetings with business partners and projects as required
  • Support the Manager in ensuring that the Performance Management process is completed by conducting staff appraisals and ensuring timely feedback is provided to staff
Qualifications for fund accounting supervisor
  • Industry, accounting or other recognized accredited program would be a significant advantage
  • Fluent in English - other language is certainly an asset
  • Degree Qualified in Finance / Economics / Business Or Equivalent
  • Bachelor’s degree in Accounting, Finance, or Economics (CPA designation a plus)
  • Prior experience with various financial products
  • Provides ongoing feedback to support staff development and performance
3

Fund Accounting Supervisor Job Description

Job Description Example
Our company is growing rapidly and is looking for a fund accounting supervisor. 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 supervisor
  • Support the Manager to ensuring team has Training & Competency criteria and T & C is captured in yearly IPPs
  • Works with team, under direction of leadership, to identify opportunities for and potential barriers to process and/or product improvement within area of accountability, and may make recommendations accordingly
  • Coordinate and facilitate Investment Accounting Services projects by creating and maintaining project status communications
  • Is aware of operational risks for own department, understands and implements the use of key controls, including the enforcement of departmental policies/procedures
  • Contributes suggestions to improve control environment and manage risks
  • Represents department in cross department projects as subject matter expert, identifying issues and solutions
  • To complete special projects and to perform other duties as required
  • Solid understanding of corporate action processing, new fund set ups
  • Active involvement in special projects, conversions, ad hoc requests from clients
  • Review work to ensure reasonability of all matters affecting the NAV, allocation schedules, classification of assets and liabilities, and capital transactions
Qualifications for fund accounting supervisor
  • Professional qualification in finance, accounting or management (CPA, Merit Awards, HNC, HND, CMA, CFA, CA, ACCA, CIMA) is highly desirable
  • Requires solid working knowledge of business management skills
  • Must be able to lead others to meet deadlines, and develop workforce
  • Ability to analyze problems and determine and/or recommend resolutions, encourage process improvements
  • Will be responsible for Investment Accounting Service team(s)
  • May be required for business continuity events
4

Fund Accounting Supervisor Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of fund accounting supervisor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund accounting supervisor
  • Be a point of contact for multiple key Clients within Fund Accounting
  • Build a stable relationship with Clients to support key projects and client events
  • Manage the end to end process for new share class/fund launches with new and existing clients
  • Maintain an excellent and interactive relationship with internal partners including Client Services, Custody, Product and Transfer Agency
  • Supervise and direct staff in the daily performance of duties while ensuring adherence to established procedures
  • Evaluate employee performance, deliver feedback, assess training needs and provide career development
  • Promote a cultural quality and accountability while focusing on problem resolution and escalation of issues
  • Develop and implement departmental policies and procedures with an emphasis on risk mitigation
  • Ensure processes have adequate controls, if not, urgently close gaps and work towards longer term solutions
  • Open and clear communication of information regarding issues and business events across organization
Qualifications for fund accounting supervisor
  • Demonstrated ability to work in changing, fast-paced work environment
  • 1 year supervisory experience a plus
  • 1 year of supervisory experience a plus but not required
  • You have 3 to 5 years of experience in Fund Accounting/Fund Administration functions
  • Good knowledge of functions in the Funds value chain
  • Client facing subject matter expert for Fund Accounting projects and implementations
5

Fund Accounting Supervisor Job Description

Job Description Example
Our company is looking for a fund accounting supervisor. 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 supervisor
  • Overall responsibility for client relationships and meetings
  • Process capital calls, distributions, and statements for the PE accounts
  • Place outbound phone calls to clients in response to written inquiries, or to obtain clarification on transaction processing requests
  • Preparation and review of mutual fund Annual and Semi-annual Report data backup
  • Liaison between Fund Accounting and Financial Reporting departments)
  • Preparation and review of various Annual and Semi-Annual report related requests including NSAR, PBC Lists.
  • Coordinate with external audit firm to supply test data for annual SOC 1 reporting
  • Prepare and review monthly ad hoc reporting including but not limited to team metrics, custody market values, Fed Report, Seed Capital Analysis
  • Preparation and review of monthly and quarterly ICI reporting
  • Preparation and review of quarterly Audit related board materials
Qualifications for fund accounting supervisor
  • Co-ordinate and support the relevant Fund Accounting Teams who will support the day to day service
  • Manage internal and external communications with key stakeholders
  • Responsible for managing operational readiness for Fund Accounting
  • Maintain onboarding plans and project logs
  • Conduct Client meetings to discuss any changes to operational processes that may be required
  • Represent our clients on internal change forums, liaising with multiple parties including Client Service and Fund Accounting Product

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