Job Description

Job Summary :
The Fund Accountant is responsible for managing the financial reporting and accounting processes for a portfolio of investment funds. This role involves maintaining accurate financial records, preparing reports, and ensuring compliance with accounting standards and regulatory requirements. The ideal candidate will have a strong understanding of financial principles, excellent attention to detail, and the ability to work effectively in a fast-paced environment.

Key Responsibilities :

• Financial Reporting :
  • Prepare and review periodic financial statements, including balance sheets, income statements, and cash flow statements for the assigned funds.
  • Ensure the accuracy and timeliness of all financial reports and statements.
  • Assist in the preparation of annual audited financial statements and coordinate with external auditors.
• Fund Accounting :
  • Maintain the general ledger and sub-ledgers for assigned funds.
  • Record daily transactions, including capital calls, distributions, management fees, and other fund-related activities.
  • Reconcile bank accounts, investment positions, and other balance sheet accounts.
  • Calculate and report Net Asset Value (NAV) for each fund.
• Compliance and Regulatory Reporting :
  • Ensure compliance with all relevant accounting standards (e.g., GAAP, IFRS) and regulatory requirements.
  • Prepare and submit regulatory filings as required by the jurisdiction of the fund.
  • Monitor and report on compliance with fund documents and agreements.
• Investor Relations :
  • Prepare investor reports, including capital account statements and investor capital call/distribution notices.
  • Respond to investor inquiries related to financial statements and account balances.
• Process Improvement :
  • Identify opportunities to streamline accounting processes and improve efficiency.
  • Assist in the development and implementation of new accounting policies and procedures.
• Team Collaboration :
  • Work closely with other members of the fund accounting team, as well as other departments such as operations, tax, and compliance.
  • Provide support and mentorship to junior accountants as needed.

Qualifications :

• Education :
  • Bachelors degree in Accounting, Finance, or a related field.
  • CPA or equivalent certification preferred.
• Experience :
  • 2-5 years of experience in fund accounting, public accounting, or a related financial services field.
  • Experience with private equity, hedge funds, or real estate funds is a plus.
• Skills :
  • Strong knowledge of accounting principles and financial reporting.
  • Proficiency in accounting software and Microsoft Excel.
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and accuracy.
  • Ability to work independently and manage multiple priorities.
  • Excellent communication skills, both written and verbal.

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