Fund Job Description
Fund
provides technical support for the NAV calculation and fund accounting processing functions.
Fund Duties & Responsibilities
To write an effective fund job description, begin by listing detailed duties, responsibilities and expectations. We have included fund job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure accuracy of accounting records for securities positions, corporate actions, receivable and payable accruals miscellaneous journal entries
Preparation and review of the quarterly, semi-annual and annual financial statements (reviewing of financial data contained in prospectus and SAI updates and reviewing of NSAR filings, 24F-2 filings and NCSR filings)
Coordinating closely with the Property Accounting, Treasury, Tax, the Acquisitions, Investor Relations and Capital Markets teams
Offer support to accounting staff
Perform daily processing and instruction to administrator of accounting entries as it relates to portfolio and fund
Working with the CFO and administrative help to take responsibility for the Management Company accounting, including supervising accounts payable and journal entries, vendor and contract management, fund expense recharges and allocations, and monthly management accounts
Working directly with internal groups such as Financial Reporting, Valuations, Fund Operations, Private Equity Accounting, Investor Reporting, Compliance, Tax, Investor Relations to support monthly NAV close process
Maintain portfolio and accounting records for a multi-strategy hedge/private equity fund(s)
Maintaining accounting records for such investment activity
Prepare month-end and reporting period internal fund accounting analyses and calculations to support hedge fund reporting
Fund Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund
List any licenses or certifications required by the position: CFA, CPA, MBA, CAIA, CSC, VAT, AIC, ACA, NA
Education for Fund
Typically a job would require a certain level of education.
Employers hiring for the fund job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Economics, Business, Education, Communication, Professional Accounting, Real Estate, Graduate, Accountancy
Skills for Fund
Desired skills for fund include:
NAV Calculation Processing & Review across all funds & instruments types
Excel
Industry developments and trends
Account reconciliation processes
Corporate actions
With an emphasis on investment partnerships
Advent Geneva
Prospectus
Documentation
Accounting
Desired experience for fund includes:
Preparation of general partner books including quarterly capital statements
Assisting in developing and monitoring internal controls over financial reporting, including sub-certifications from third party service providers
Monitoring daily collateral requirements related to options transactions, lines of credit, interest rate swaps and forward foreign currency contracts
Preparing Section 1092 substantial overlap analysis for written call options on indices
Preparing daily options analytics
Reviewing daily broker prices and stale price reviews
Fund Examples
1
Fund Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fund. 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
- Preparation of monthly accounting work paper support
- Work paper preparation for year-end audit with public accounting firm
- Prepare and review certain financial data contained in prospectus and SAI updates
- Maintaining books and records for multiple fund of hedge funds utilizing general ledger accounting system
- Daily reconciliations (Profit & Loss, positions, cash)
- Reviewing of monthly Profit & Loss
- Maintaining shadow investor accounts
- Preparing workpapers for weekly NAV strike of the listed vehicle
- Preparing workpapers for monthly NAV strike of the listed vehicle
- Monthly review of listed share conversions
Qualifications for fund
- Excellent understanding of other business units supporting mutual funds
- Preparing workpapers for monthly NAV strike of the funds and related entities
- Supporting the audit, including preparation of workpapers and schedules
- Preparing supporting schedules for Investor Relations inquiries
- Monitoring fund budgets
- Acting as a liaison with fund and listed vehicle administrators
2
Fund Job Description
Job Description Example
Our company is looking for a fund. 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
- Planning and coordinating quarterly investor reporting and annual financial statements
- Routine investor and statutory reporting for the Fund
- Maintaining all capital and distribution files, return calculations, carried interest valuations
- Track record maintenance, analysis, and research to assist the fund raising efforts of the Capital Markets department
- Coordinating with the tax department to ensure proper tax entries are booked accurately and timely
- Manage the review, reporting and resolution of any errors for all clients daily
- Prepare & review accounts in SORP format for Regulated OEICS and UT's with supporting schedules
- Prepare & review estimated and confirmed distribution rates for publication and announcement to
- Coordination and communication with banks, legal counsel, and limited partners
- Processing wire transfers
Qualifications for fund
- Experience with Investran automation and reporting tools including Report Wizard, the interest and dividend AT, subsequent close AT
- 3+ years of public/private combo experience with private equity and/or real estate private equity
- Preparation of audit schedules and coordination with Fund auditors
- Analyzing general ledger accounts
- Actively monitor & adhere to multiple reporting requirements across multiple fund vehicles
- Ad-hoc reporting to limited partners/internal departments
3
Fund Job Description
Job Description Example
Our company is looking to fill the role of fund. 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
- Execute agreed client changes, fund launches, fund migrations, mergers, liquidations, new share class launches
- Calculation of daily NAVs
- Reconciliation of daily PnL to review and cross check data
- Preparation of daily reporting for Traders and Project Managers
- Ad hoc projects including reporting on exposure, PnL, preparing investor correspondence in consultation with Investor Relations
- Assisting in month-end close working with external administrator
- Assisting in the review of tax adjustments and preparation of K-1s
- Effectively coordinating with custodian banks, prime brokers and other internal and external service providers
- Complete monthly fund closings including partner income allocations, fee calculations, portfolio reconciliations, dividend reconciliations and interaction with outside administrator
- Perform various day-to-day tasks related to fund closing and performance reporting
Qualifications for fund
- A relevant Third level business qualification or equivalent professional qualification
- A full accountancy qualification
- Work with external auditors during audit testing and year-end financial statements audit
- Oversee ad-hoc management and compliance reporting
- Aid in finding innovative ways to enhance processes
- 1-4 years working in a hedge fund
4
Fund Job Description
Job Description Example
Our innovative and growing company is hiring for a fund. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fund
- Reconciling monthly reports from collateral administrator
- Cash and positions reconciliations in other funds/managed accounts
- All day to day operational functions relating to a diverse number of credit based open/closed end fund structures
- Daily Profit and Loss reconciliations between internal books and Administrator
- Working with operations to clear daily breaks between the Administrator and the Street
- Preparation of daily internal NAVs for all funds and Managed Accounts
- Monthly close for one of the Funds, including finalizing Profit & Loss, accruals, allocations and investor statements, and Managed Account reconciliations
- Helping preparing regulatory filings
- Reconciling CSA accounts and managing vendor / broker payments
- Preparing schedules and financial statements and working with the auditors
Qualifications for fund
- Working knowledge of Investran (CRM)
- Detailed orientated & accuracy required
- Calculating all hedge fund Gross Asset Values
- Calculation of all investors management fees and incentive fees, trial balance preparation and calculating fund returns
- External audit requests / inquiries
- Good understanding of the different securities available in the market - bonds, equities, derivatives - and market events
5
Fund Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fund. 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
- Maintain day to day contact with all clients in relation to accounting matters
- Reviewing annual financial statements and interpret relevant accounting guidance
- Book journal entries in the accounting database
- Provide auditors with necessary supporting documentation
- Assist with preparation of monthly financial statements for multiple entities within a master-feeder fund structure
- Monthly reconciliations for balance sheet and income statement accounts
- Interact and resolve issues with the Fund Administrator on a daily/monthly basis
- Assist in annual financial statement preparation across the funds
- Assist with expense processing and allocation among the entities
- Assist with special projects and process improvements
Qualifications for fund
- Licensed CPA or candidate pending final licensing
- Audit and/or partnership tax experience strongly preferred, with an investment company emphasis
- Recording journal entries, consolidations and capital allocations
- Produce and review monthly Fund NAV’s and Investor allocations
- Oversee cash and position reconciliation
- Monitor trade processing and other end-of-day procedures