Fund Accounting Manager Job Description
Fund Accounting Manager Duties & Responsibilities
To write an effective fund accounting manager job description, begin by listing detailed duties, responsibilities and expectations. We have included fund accounting manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Fund Accounting Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Accounting Manager
List any licenses or certifications required by the position: PMP, CFA, CSC, ACCA
Education for Fund Accounting Manager
Typically a job would require a certain level of education.
Employers hiring for the fund accounting manager 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 Fund Accounting Manager
Desired skills for fund accounting manager include:
Desired experience for fund accounting manager includes:
Fund Accounting Manager Examples
Fund Accounting Manager Job Description
- Reconcile various accounts and review reconciliations performed by junior staff
- Take responsibility for quality of service assigned to client
- Performs and monitors quality and internal controls for all team deliverables
- Ensuring that all client deliveries are met to agreed service level agreements Board Reports, Monthly UCIT Reports, Management Fee Calculations, KIID or KIID Monitoring Reports
- Monitor errors, complaints and potential breaches
- Calculate performance of flagship hedge funds
- Review position, cash and P&L reconciliations on a monthly basis prepared by the fund administrator
- Review month end general ledger packages prepared by the fund administrator
- Review month end fund NAV and investor statements for distribution to investors
- Review and prepare certain schedules within the quarterly and annual hedge fund financial statements
- Line Management experience - mandatory
- CA or CPA Qualified - preferred
- Third level qualification in accounting or finance or equivalent
- 5-7 years minimum related experience in hedge fund accounting environment
- Comprehensive working knowledge of all aspects of the Fund Accounting to Custody/Broker Reconciliation process and also of the NAV calculation process
- Knowledge of the roles of all key players within the Fund Administration process
Fund Accounting Manager Job Description
- Other duties as allocated by the fund administration Department or senior management
- Ensuring compliance with process and procedures and that client files are updated
- Analyzing and calculating of performance metrics for partnerships/accounts for each investment
- Coordinating with funds’ independent auditors
- A very strong background in Fund Administration with a strong experience in the area of Private Equity
- A proven knowledge of the Fund Industry and demonstrable experience in leading teams in a similar role
- Experience working with the Investran system (beneficial)
- Educated to Bachelor’s degree level with a concentration in Accounting, Finance, Business or Economics (or equivalent qualification / work experience)
- Focus on team building, morale and retention of talent to ensure exceptional team performance
- Communicate effectively, providing information that is clear, concise and beneficial to others
- Strong written, listening and verbal communication skills, effective telephone skills
- Experience with instilling a strong client service culture in teams is desirable in addition to the ability to represent the business to clients via presentations
- Extensive regulatory, legal and compliance experience
- Experience in using SharePoint or MyShare an advantage
- Comprehensive understanding of Fund Accounting (NAV and Financial Reporting)
- The candidate will ideally have worked extensively with investment management clients
Fund Accounting Manager Job Description
- Promote and maintain our high quality client experience
- Help foster and cultivate a change culture where we strive to provide the highest quality service
- Fund accounting and shadow NAV reconciliation with third party administrators
- Production of weekly NAV performance estimates where necessary
- FX trading for hedging of both fund portfolio and non-base currency share classes
- Calculation of management and performance fees
- Fund Performance Attribution
- Reconciliation of daily cash flows from collateral administrators
- Daily liquidity monitoring and communication with portfolio management
- Running daily hypothetical trades for Portfolio Managers
- The jobholder will be involved in operational fund accounting activities, the team’s regulatory reporting requirements, supporting of new project initiatives and the effective management of ad hoc queries
- Cross product training and providing coverage product ranges at both sign off and outside of sign off will also form part of the candidate’s role
- Ensure NAV calculations are produced accurately and in a timely manner
- Ensure all the KOP/SOP are got approved and signed between the locations
- High profile position to help manage a new team/existing team producing and controlling NAVs for International funds
- 2-3 years of experience in managing/supervising teams preferably Fund Accounting teams
Fund Accounting Manager Job Description
- Assist with the analysis to better understand business activities and highlight improvement opportunities
- Other general duties as determined by management
- Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators
- Review of quarterly and annual GAAP financial statements and footnote disclosures for multiple funds capital account summaries for limited partners
- Manages an accounting operations unit or function
- Responsibility for work scheduling and staff management for the team
- Responsibility for providing management with regular information regarding salient aspects of the group's activities/work in progress, work efficiency levels, client servicing issues and overall funds under management through weekly accumulation of information, update of existing MIS reporting, and implementation of any required alterations to the current format
- Review the individual property Operating Comparison Reports to determine if reported numbers are reasonable compared to the budget and prior month and prior year activity
- Second level of review of all operational processes
- Escalation point for complex query management
- Need people management skill considering team size of 50-60 staffs
- Candidate is expected to have sound functional/product knowledge within & outside Fund Accounting perimeter
- Should have project experience in process efficiency/reengineering within ops
- Ensure to manage internal/external audit to enable team to maintain green report
- Delegating the tasks to the assistant/deputy managers and other appropriate team members
- Ensure all the KOP/SOP are got approved and signed in time between the locations
Fund Accounting Manager Job Description
- Prepare monthly management reports, governance committee reports and quarterly fund board reports
- Communicate with the external fund accountant regarding accounting policy updates
- Proactively support business partners and overall company goals by providing timely and accurate input
- Check and investigate the net asset valuation (NAV) reconciliation, NAV pricing error and rectification procedures
- Cash accounts monitoring and projection to ensure all trades, dividends and coupon interest are accounted properly
- Review or compile various types of reports for internal or external parties (including client, regulatory, and regional investment reporting) and attending to enquiry from auditors and service providers
- Monitor and co-ordinate all matters relating to opening of accounts with counterparties, provide instruction and documents for account opening/new fund setup, fund related accruals/ expenses, settlement of expenses, creation/cancellation of amounts/units and
- Periodically review and update Policies & Procedure and BCP documents to reflect the latest development and changes and continuously improve processes/workflows
- Provide support to front office and other business unit as and when required, support and guidance to new colleagues/subordinates and back-up to team members
- Collaborating with colleagues on ad-hoc duties or projects, for example enhancement and/or testing of new system
- Closely working with the Head of Department to integrate the new service/clients in to the Chennai hub
- Fluency in Polish is preferred
- Extensive work experience in the funds administration business
- Knowledge of money market funds and exchange traded funds, including all accounting and structural issues typically inherent in these types of funds and the instruments they typically hold
- Knowledge of managed currency funds and performance fee calculations including class-level and equalisation
- Technical knowledge of complex fund structures including UCITS and non-UCITS, the regulation of these vehicles, investment management methods and fund accounting/valuation methods including NAV calculation, income distribution/equalisation, performance fee calculation methods and compliance monitoring