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Senior fund accountant

London
Mac Recruit Group Careers
Fund accountant
Posted: 24 November
Offer description

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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