The client is one of the largest independent fund administrators, delivering a range of services and technology to private debt, hedge funds, fund of funds, private equity funds, private banks, pension funds and family offices.
Job Summary:
The Senior Fund Accountant will be responsible for the Fund Administration of complex investment funds including portfolio valuation and Net Asset Value (NAV) calculation; assisting with the preparation of financial statements; liaising with investors and investment managers as well as assisting with systems development and other ad hoc projects as required. In addition, other responsibilities will include client relationship management; new business integration and meeting the very tight reporting deadlines and demanding obligations of our clients.
Essential Functions
Review and understand the funds offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
Calculate the NAV for a portfolio of complex investment funds on either a weekly, bi-weekly, monthly, and/or quarterly basis as specified by the client and as outlined in the administration agreement, which includes, among other things:
Track all cash items whether portfolio related, capital transactions or from non portfolio and other income and expense items
Perform three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund
Obtain independent third-party pricing support where needed (i.e. from Bloomberg)
Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses
Calculate and send out Estimated and Final NAV as required
Client Relationship Management
Liaise with clients, investors, investment managers and other stakeholders as needed
Projects
Participate in special projects
Assist with System Development
Reporting
Prepare monthly, quarterly and annual financial reports
Audit
Liaise with the funds auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditors satisfaction
Complete audit confirmation requests
Capital Events
Prepare allocations for fund investors
Prepare letters to be sent to the fund investors
New Business
Acquire or assist in new business conversions and reconciliation
Financial Statements
Assist in the preparation and review of fund audited financial statements
Understand fund agreements to determine impact on financial reporting
Essential requirements
UK work rights
3+ years of external audit, focused on financial services clients.
A university degree in a relevant field
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