Fund Accounting Analyst Job Description
Fund accounting analyst
provides a premier client service by building a strong relationship with the investment manager and any other third parties.
Fund Accounting Analyst Duties & Responsibilities
To write an effective fund accounting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included fund accounting analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist in the timely preparation of reports and financial statements in accordance with generally accepted accounting principles and performance standards
Ensure that all client information is documented, archived and updated on a regular basis (prospectus, fee agreements)
Interface and manage relationship with external auditors, providing audit documentation and monitoring progress
Determine Net Asset Value (NAV) for defined contribution plans on a daily basis
Evaluate and reconcile funds including mutual, benchmark, commingled, and collective for production of client month-end reports for daily valuation
Analyze the impact of transactions, income positions, accruals, and corporate actions on the portfolio investment options
Audit and resolve exceptions on assigned accounts according to procedures and within scheduled timeframes
Record and respond to partner and client inquiries resolving exceptions related to accounts
Value funds on a daily, weekly, or monthly basis
Provide client portfolio and 5500 reporting
Fund Accounting Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Accounting Analyst
List any licenses or certifications required by the position: CFA, MBA, ITIL, ACCA, PM, PMI
Education for Fund Accounting Analyst
Typically a job would require a certain level of education.
Employers hiring for the fund accounting analyst 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, MBA, Education, Management, Graduate, Associates, Accountancy
Skills for Fund Accounting Analyst
Desired skills for fund accounting analyst include:
Industry developments and trends
Account reconciliation processes
Processes of a fund’s Custodian Bank and Investment Manager
Accounting principles
Business processes and procedures service and systems
Documentation
Prospectus
Complex investment and securities processing
Hedge fund products
Our client base and build relationships with Investment Managers and other related third parties
Desired experience for fund accounting analyst includes:
Supervise the accuracy, timeliness and completeness of all processes
Bachelor’s degree in Business preferred or relevant work experience in Fund Accounting or Mutual Fund Accounting
Strong Excel skills and usage of a Macro/Access is a plus
Some financial services industry experience in an operations environment
Knowledge of stock market practices and data vendor systems
Detailed knowledge of business processes and procedures service and systems (including downstream impacts)
Fund Accounting Analyst Examples
1
Fund Accounting Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a fund accounting analyst. 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 analyst
- Acting as one of the contacts within the accounting group for client requests
- Interfacing with various groups across the firm including marketing, investment managers and others
- Handling other tasks as required
- Ensure the Accuracy, Timeliness, Responsiveness and completeness of all Fund Accounting related Oversight and Client requests (day to day, TER, dividend previews)
- Accountable for ongoing satisfaction of our clients by ensuring deliverables meet client needs and expectations
- Ensure clear effective communication flow between the client and the Fund Accounting team ( Local, Centre’s of Excellence/ Processing Hubs)
- Direct and main contact with Client for all queries related to Fund Accounting
- Support Client with new products, and share best practice leveraging experiences across comparable products
- Escalation point in case of audit issues
- Consultancy in regards to products, funds, new type of funds or structures
Qualifications for fund accounting analyst
- Strong working knowledge of Microsoft office application including Excel, Word, PowerPoint and Outlook
- Event Management (Merger, Liquidations, New Classes)
- Accountable as Fund Accounting Workstream leader/consultant for Migrations or any other Event Management activities
- Supports Sales & Marketing by providing operational expertise in Fund Accounting
- Ensure Logbooks up-to-date and are used effectively for all queries and monitored to ensure all queries are resolved timely
- Provide support and timely resolution for all queries raised by Fund Accounting around the SunGard Invest One and its ancillary applications
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Fund Accounting Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of fund accounting analyst. 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 analyst
- Monitor the daily/weekly/monthly production schedule to ensure that valuations are completed accurately and within the client deadline
- Perform the final check and review of valuations produced under your control
- Manage the tie-out process with the clients on all assigned funds
- Coordination of Supervisors' work and ensuring that they maintain daily/monthly files in a manner suitable for future review by the fund and internal auditors
- Take initiative to seek opportunities to enhance either the quality of client services or the productivity the NAV process
- Analyse and review movements in the NAV (Net Asset Value), whilst understanding effects of profit & loss, sidepockets and hedging on shares class NAVs and partner balances
- Execute the production of the Team’s monthly tasks
- Prepare and monitor management reporting for use by Division Chairs, Division Administrators, campus staff and finance senior management
- Prepare periodic account reconciliations, reports and related analysis for internal use, and for external auditors
- Perform research and analysis, ad hoc reporting, and make recommendations for appropriate resulting actions
Qualifications for fund accounting analyst
- Provide monthly MIS reporting to management
- Interact with internal system support teams SunGard to resolve key issues
- Provide support to the new business team when necessary
- Strong technical skills with the core Microsoft Office suite of products (Excel, PowerPoint, Word, Access) & external market vendor application (Bloomberg, FTS etc)
- Coach, develop and mentor staff including formal objective setting, performance reviews and providing ongoing and regular feedback
- Work with local and global management team as and when required
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Fund Accounting Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of fund accounting analyst. 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 analyst
- Assist in investor relations
- Retrieve and post data that include prices and pricing files, security master information, dividends, variable rates
- Prepare and review performance calculations, holdings information (including Schedules of Investments, top ten, and sector analysis) work on ad-hoc client requests
- Strong emphasis on being a team player
- Work together with Developers to review the FRD’s and provide signoff
- Perform end to end functional testing, user acceptance test (UAT) and Non-regression testing (NRT)
- Be a Subject matter expert in areas of Fund accounting
- Act as the main point of contact specifically in relation to a daily priced Investment Trust assisting the team across the whole Fund range when required
- Work with colleagues in the TWIM Operations team in order to provide a reliable and efficient service to our clients
- Prepare tax provisions and footnote disclosure for approximately 170 regulated investment companies, and common funds
Qualifications for fund accounting analyst
- Plan and perform NRT , Non Regression Testing
- Adhere and assist in process maps and process improvements
- Knowledge of SDLC models (Agile , Waterfall, Hybrid )
- Document the current (as-is) business process design
- Document the to-be business process design
- Document the new business procedures or changes to existing business procedures as a result of the project implementation
4
Fund Accounting Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of fund accounting analyst. 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 analyst
- Assist in ascertaining that each of the funds complies with the provisions of Subchapter M of the Internal Revenue Code
- Prepare monthly, quarterly and annual distributions
- Prepare year-end shareholder reporting
- Prepare tax adjustments
- Support filing of Federal and State tax returns and extensions
- Prepare certain management reports for the investment company portfolio managers
- Assist in determining year end capital gain distributions
- Assist in reviewing data required to be disclosed on Form 1099 and other year end shareholder literature
- Retrieve and post data that include prices and pricing files, security master information, dividends, variable rates, , and generate reports and data files for use within Fund Accounting for internal and external clients
- Coordinate the distribution of fund information to third party vendors (e.g., Lipper, Morningstar) the preparation and review of board reports related to Fund Administration
Qualifications for fund accounting analyst
- Plan and perform UAT
- Contribute to the update of Risk and Control Matrices, Service Level Agreements and Business Continuity Instructions
- Ability to contribute to the Business Benefits Assessment
- Domain knowledge in Asset Management space, Capital Markets and a good understanding of Financial Instruments
- Specific experience in Fund Accounting and/or Middle Office Operations
- Preferred experience in Hi-Portfolio or p-Control applications
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Fund Accounting Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of fund accounting analyst. 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 analyst
- Reconciliation and analysis
- Assist Finance and Accounting team members with troubleshooting Investran and CRM financial reporting issues
- Design and develop reporting to meet changing business needs
- Execute and complete testing on issues and projects prior to engaging end users
- Scope, design, test and execute new fund structures in CRM/Investran based on firm wide requirements
- Collaborate with Finance and Accounting, Portfolio and Analytics, Investor Relations the broader teams to establish best practices, quality standards and knowledge sharing
- Maintain the Guernsey FA Oversight procedure
- To work with internal departments to evaluate and implement changes in proposed new regulations that impact FA and to ensure that all current requirements are met in relation to activities offshored in both the home country and offshore centre
- Ensure timely receipt and monitoring of agreed KPI’s in outsourced locations for FA activities
- Participate in the monthly oversight meeting including preparing and circulating meeting agenda, meeting materials, minutes and action points tracking action points to satisfactory conclusion liaising with local management
Qualifications for fund accounting analyst
- Stakeholder engagement and conflict management
- Setup and maintenance of Funds in Multifonds, pcontrol and other satellite applications that feed the core platforms
- Perform tests and understand product behavior, before setup in production
- Provide Level 2 and Level 3 functional support to the issues/requests raised by Fund accounting operations
- Review the business requirement with the product capabilities & highlight the product gaps
- To provide assistance and guidance to users in understanding systems functionality