Role Description

Math > Fund Accountant

Salary National Average

Low Medium High
46300.0000 56220.0000 69770.0000

Change from Previous Year:

+7%

Supply and Demand

Candidate Supply: 4,921 Job Openings: 68,656

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Short Description:

Fund Accountants are responsible for oversight procedures administered by the Fund Mutual Fund Administration group daily and monthly.

Duties / Responsibilities:

  • Implement fund structures in an accounting system.
  • Assist in the design and implementation of internal audit practices and procedures.
  • Coordinate with fund administrator for accounting and reporting matters.
  • Review and coordinate the fund expense analysis and expense processing.
  • Assist in the development of policies and procedures for work performed.
  • Prepare reports to internal and external customers, including maintenance of supporting documentation.
  • Analyze fund performance on a daily and monthly basis.
  • Oversee, as a resource, acquisitions of new business and portfolio management.
  • Generate quarterly financial statements, accompanying notes, and supporting schedules.
  • Daily/Monthly/Quarterly reconciliation of investment positions and fair market values.
  • Provide fund advisors with forecasted available cash for funds every morning quickly and accurately.
  • Prepare allocations of capital calls and distributions and set up notices accordingly.
  • Assist other departments with the acquisition and disposition of real estate properties.

Skills / Requirements / Qualifications

  • Education: Bachelor's Degree in accounting or business, or GED/high school diploma and equivalent experience.
  • Software skillset: Experience with C#, Internal Rate of Return (IRR), and System on a Chip (SoC) software and systems.
  • Compliance: Fluent in U.S. GAAP updates and requirements.
  • Miscellaneous: Experience with legal documentation and enterprise resource planning.

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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