Manager, Fund Accounting Job Description
Manager, Fund Accounting Duties & Responsibilities
To write an effective manager, fund accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, fund accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Manager, Fund Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Fund Accounting
List any licenses or certifications required by the position: PMP, CFA, CSC, ACCA
Education for Manager, Fund Accounting
Typically a job would require a certain level of education.
Employers hiring for the manager, fund accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Economics, Education, Business, Management, Accountancy, Real Estate, Professional Accounting, Leadership
Skills for Manager, Fund Accounting
Desired skills for manager, fund accounting include:
Desired experience for manager, fund accounting includes:
Manager, Fund Accounting Examples
Manager, Fund Accounting Job Description
- Prepare certain schedules required for the quarterly and annual public company reporting (10Q and 10K)
- Prepare ad-hoc reporting requests for marketing, investor relations and senior management
- All NAV’s and ensuring a consistent high quality
- Resolving pricing issues as they arise
- Accurate Performance fee calculations for shareholder level & series of shares
- Prepare statutory reports
- In addition to Fund Accounting related internal and external reporting outputs
- Aim to achieve at least satisfactory results in all internal & external audits
- Ensure the ongoing training & development of staff on operating procedures & regulatory requirements
- Acts as escalation point for client related issues
- Extensive Financial Services experience including PE/RE experience
- Good knowledge of PE/RE products required
- Strong understanding of accounting strong analytic ability, written and oral communications required
- Third level degree in Accounting or related field
- Minimum 2.1 third level qualification in Accountancy, Finance or equivalent
- Understanding of common OTC derivative instruments Exchanged Trade products
Manager, Fund Accounting Job Description
- Proven experience in managing small groups of operations professionals
- Delegation and oversight of daily controls and queries relating to derivatives and fixed income instruments
- Production of monthly yields for fixed income funds
- Accurate and timely preparation of financial statement disclosures
- Regular assessment/enhancement of controls and procedures to ensure scalability
- Provision of support to both noon and evening sign off process
- Processing income distributions, income accruals and reinvestments
- Control and oversight of expense schedules
- Review of expenses for payment
- Support all projects in respect of fixed income and derivative instruments
- Extensive knowledge of the funds business and fund structures including OEICS, unit trusts and investment trusts
- Previous exposure to, and comfort with, dealing with senior client management Ability to initiate and deliver change
- Excel, Word and PowerPoint proficient
- Flexibility to travel as required (to client offices )
- Liases with auditors on annual accounts
- Reviews financial statements, expense analysis, budget reviews, monthly client reports, , before passing on to the Fund Accounting Manager
Manager, Fund Accounting Job Description
- Regular consultation with various internal departments on all operational aspects of the fund
- Maintenance of fund performance statistics
- Production and maintenance of fund portfolio reports featuring an array of fund metrics
- Liaison with the funds auditors and taking ownership of the audit process for the fund
- Working closely with the fund board of Directors for quarterly board meetings
- Working with risk & compliance to deliver both in house and regulatory reports within specified time frames
- Potential work on a LP/GP Fund
- Having good knowledge on the relevant Tax Regulation
- Support each fund accountant by providing regular feedback, coaching and mentoring and assisting them in dealing with an evolving environment and complex issues
- Manage overall department performance by identifying and monitoring appropriate performance metrics, and managing department budget
- Fund Accounting is responsible for maintaining the books and records of a broad range of funds which includes OEICs, Investment Trusts and other closed end companies
- He / She will be expected to build the team, get them trained and run the team on a day to day basis
- T&C qualified
- Ensure Daily activity valuation has been executed properly and provide correct NAV (with correct pricing, accrual and adjustment) including the checking of NAV/unit from news paper has been done
- Ensure all investment transaction and journal has been updated into system properly and all client instruction has been executed properly
- Monitor client instruction has been executed by settlement system properly, escalate and follow up for any delayed or mismatch to head of Fund Admin
Manager, Fund Accounting Job Description
- Continually identify efficiencies within the processes while maintaining the service standards of the team
- Ensure SOPs are applied consistently in daily work practices
- Ensure that production is appropriately planned and resourcing issues are escalated
- Identify opportunities for best practice and deliver them into production
- Escalation and resolution of issues in a timely manner, be succinct and accurate in escalations
- Minimum 3 years of related work experience in fund financial reporting
- Enrollment or successful completion of the Canadian Securities Course (CSC) or Investment Funds In Canada (IFIC)
- Fund accounting and knowledge of investor reporting systems such as SunGard Investran, Geneva & IDX
- Work on the integration of large Fund Administration mandates
- Oversight of external fund accounting
- Ensure team has an appropriate staffing in terms of knowledge & structure
- Maintain inventory of IT Tools and its Access level details
- Act as an intermediary between staff and management for smooth communication
- Responsible for monthly MIS to FA Management
- Ensure to have BCP/ERS procedure in place and in practice
- International exposure would be added advantage
Manager, Fund Accounting Job Description
- Manages an accounting operations group
- Conducts the performance management process, provides input for hiring and disciplinary actions, and provides hands-on training to staff
- Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of
- Manages and controls various functions in an accounting operations group to ensure a timely and accurate product/service
- Provides technical expertise for new or complex accounts and oversees new accounts on an on-going basis to ensure that client needs are met
- Determines most efficient method of setting up or processing accounts
- Interview business stakeholders to understand their requirements towards software extensions
- Align future software design with development team
- Write functional specification of changes
- Manage and execute testing incl
- Could involve traveling to Europe or APAC for training
- Prior NAV calculation experience is essential, including strong knowledge of different product types in capital market domain
- Understanding of operational and reputation risks inherent in the fund administration business and the management/operational control environment required in managing these risks
- Ability to evaluate new business needs and changed service requirements
- Must have the ability to create and maintain strong relationships with people at all levels and different functions throughout the organization and with external partners
- 5+ years of accounting experience across the private equity, venture capital, hedge fund industries