Fund Accountant Job Description
Fund Accountant Duties & Responsibilities
To write an effective fund accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included fund accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Fund Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Accountant
List any licenses or certifications required by the position: CSC, CPA, VAT, AIC, CFA, MBA, CHFP, ACA, NA
Education for Fund Accountant
Typically a job would require a certain level of education.
Employers hiring for the fund accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Real Estate, Business/Administration, Finance/Economics, Finance/Accounting, Legal
Skills for Fund Accountant
Desired skills for fund accountant include:
Desired experience for fund accountant includes:
Fund Accountant Examples
Fund Accountant Job Description
- Communicate new accounting processes and procedures to other groups, departments, and relevant employees
- Coordinating between the front office, operations and accounting to understand the drivers and attribution of the funds’ performance, including valuation of the funds’ holdings
- Work closely with a number of departments including the real estate investment and portfolio management team, legal, tax, corporate finance, and marketing and client services to ensure the preparation of accurate and timely accounting information and analysis, and the production of high quality financial and performance reporting
- Complete daily processing and instruction to administrator of accounting entries as it relates to portfolio and fund
- Oversee day-to-day investment accounting for clients with real estate funds
- Provide support for accounting month end close
- Identify exceptions and issues affecting accounting records and drive resolution through timely communication and correction
- Dealing with outside auditors
- The Month-end Close
- Waterfall calculations
- Managing hedge fund compliance
- Performing financial, operational, and product audits
- Experience with Audits (Financial
- Help prepare for audits
- Assist in future projects
- Communicating with our fund administrator in order to ensure our books and records reconcile
Fund Accountant Job Description
- Verify prices of investment positions provided by prime brokers and management
- Prepare, reconcile and distribute reports to/from investors and investment management
- Assist in preparing annual audit schedules, compliance reports, annual financial statements or other reports
- Maintaining fund and acquisition vehicle general ledger and trial balance
- Entering monthly journal entries and accounts payable
- Maintaining check registers
- Preparing daily cash reconciliations for fund bank accounts
- Preparing quarterly and annual fund financial statements including waterfall allocations and footnotes
- Confirming wire receipts and disbursements
- Preparing investor capital call and distribution calculations
- Proficiency with Investran
- Ideally combo of public and private experience
- Cash management and bank account reconciliation
- Calculation of capital calls, distributions, management fees, income and expense accruals
- Allocation of income in accordance with the terms of the fund agreements
- Maintenance and reconciliation of intercompany transactions
Fund Accountant Job Description
- Analyzing limited partnership agreements
- Prepare the daily, weekly, semi-monthly, monthly Net Asset Value (NAV) for funds
- Meeting tight deadlines and Service Level Standards (SLS)
- Review accrued dividend, interest income, management and administrative expenses and make adjustments when required
- Verify and analyze security and unit holder transactions
- Reconciliation and analysis of the general ledger to sub-ledger and resolve outstanding issues in a timely manner
- Calculate and review performance fees (if applicable)
- Ensure asset transfers are completed accurately and timely
- Investigates, document and escalate issues/events
- Prepare the calculation of year-end distributions of income, capital gains and related tax issues
- A combination of directly related experience and education may be considered in lieu of the four-year degree requirement
- Mix of Big 4/Private experience
- Keep log of items outstanding
- Liaise with external custodians/3rd Parties for the accurate and timely computation of the funds NAV
- Review the work prepared by Fund Accountants for consistency and accuracy
- Provide training to new Fund Accountants
Fund Accountant Job Description
- Ensure all financial documents are completed and submitted within their strict timetables in coordination with the independent administrator
- Collaborate with other departments in order to effectively complete tasks in a timely manner
- Assist in maintaining a high quality work level within the group
- Continually work to expand upon and improve the efficiency and accuracy of all group process and procedures, the closing process and historical databases
- Ownership of the daily end of day reporting and analysis process
- Ownership of the valuation process for the funds’ investment portfolio, including review and analysis of vendor prices, broker marks, models and private equity positions
- Review and analysis of portfolio risk metrics for funds’ portfolio, preparation of regular risk reporting for risk committee and traders
- Preparation of monthly flash estimates and mid-month flash estimates for management and investors and preparing commentary and analysis of drivers
- Reporting of performance and exposures, details of drivers, and other metrics for senior management for month and quarter reporting periods
- Preparation of regulatory reporting and investor platform reporting related to the funds’ investment holdings
- Zero to two years related experience
- Maintenance of master position data for the funds’ reporting systems
- Assisting with month end closing process, annual audit and financial statement reporting process
- Taking ownership of the reporting systems from a business standpoint and ensure accuracy in system information
- Coordinating with IT on enhancing reporting and development of standardization/automation in processes
- Coordinating data accuracy with fund administrator and ensure timely update of all systems
Fund Accountant Job Description
- Oversee daily Profit and Loss
- Calculate monthly Net Asset Valuations and partner/shareholder allocations
- Prepare annual financial statements and assist with general audit support
- Interface with external service providers and internal teams
- Provide support and internal reporting for investor relations, tax and risk groups
- Identify opportunities for procedural improvement ranging from simple process enhancements to larger strategic initiatives
- Assist in preparation of statutory and regulatory deliverables
- Working closely with Tax team to complete the annual K-1 and tax return review process
- Regulatory filings including Form PF, CPO-PQR, S, SLT
- Interaction with full service fund administrator, custodians and other third party service providers
- Licensed CPA, or qualified and planning to sit for the CPA exams
- Progress toward the CPA
- At least 1 year in public accounting with a top 10 firm
- Completing internal reporting to Investor Relations, Tax, Risk and management
- Working closely with the operations and technology groups to research and resolve issues
- Working closely with the Investor Relations, Treasury, Legal and Compliance groups to provide reporting to clients and other third parties