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Math > Fund Accountant

Salary National Average

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58860.0000 65120.0000 77250.0000

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Short Description:

A Fund Accountant is responsible for managing and reporting on the financial activities of investment funds. They prepare financial statements, reconcile accounts, and calculate the net asset value (NAV) of funds to ensure accurate reporting to investors and regulatory bodies. The role involves monitoring transactions, maintaining compliance with industry regulations, and coordinating with auditors and fund managers. Strong analytical skills, attention to detail, and knowledge of financial principles are essential for success in this position.

Duties / Responsibilities:

  • Prepare and review accurate financial statements and reports for various investment funds, ensuring compliance with regulatory standards.
  • Perform daily and monthly reconciliations of investment and cash accounts to ensure accuracy and resolve discrepancies.
  • Track and record transactions such as purchases, sales, and income distributions for portfolio holdings.
  • Calculate and report the NAV of the funds on a regular basis, ensuring timely and precise reporting for stakeholders.
  • Coordinate with internal and external auditors, providing necessary documentation and information for fund audits.
  • Verify that fund activities comply with relevant laws, regulations, and investment policies.
  • Process and review fund transactions, including capital calls, distributions, and management fees.
  • Provide support to fund managers by preparing performance reports and providing relevant financial data for investment decisions.
  • Maintain and update accurate and comprehensive records for all fund-related financial transactions.
  • Contribute to forecasting financial trends and projections for funds under management.

Skills / Requirements / Qualifications

  • Educational Background: Bachelor’s degree in Accounting, Finance, or a related field is required; a CPA or other relevant certification is a plus.
  • Experience in Fund Accounting: Proven experience (typically 1-3 years) in fund accounting or a similar role within the financial services industry.
  • Knowledge of Financial Software: Proficiency in accounting software and tools such as Excel, QuickBooks, or specialized fund accounting software (e.g., Advent Geneva, Black Diamond).
  • Strong Analytical Skills: Ability to analyze complex financial data, reconcile accounts, and identify discrepancies efficiently.
  • Attention to Detail: High attention to detail to ensure accuracy in financial reporting and compliance.
  • Communication Skills: Strong verbal and written communication skills for preparing reports, coordinating with team members, and collaborating with auditors.
  • Problem-Solving Abilities: Capability to troubleshoot and resolve issues related to fund transactions and financial discrepancies.
  • Regulatory Knowledge: Familiarity with financial regulations, reporting standards, and compliance requirements applicable to investment funds.
  • Time Management: Effective time management skills to meet strict reporting deadlines and manage workload efficiently.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
  • Specific Vocational Preparation in years: 2-4 years of preparation (7.0 to < 8.0)

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