Fund Accounting Manager

Designation: Manager

POSITION SUMMARY (Key tasks and outcomes):

Fund Accounting Manager responsibilities include developing strong relationships with customers, connecting with key business executives and stakeholders, liaising with cross-functional internal teams (including Customer Service and Product Development departments) to improve the entire customer experience on the Fund Accounting module.

Job title: Fund Accounting Manager

Job description:

Client Reporting:

Providing premier client service by building strong relationships with the Investment Advisor and any other third parties

Developing a thorough knowledge of your client and their bespoke requirements with regards to key processes

Working closely with the client to resolve queries

Working with other teams to ensure delivery of client deliverables

To have a good understanding of fund administration business

Cash Management

Undertaking a daily cash management process in line with a cash management policy and actioning ad-hoc cash management items as and when they arise

Processing and self-reviewing FXs, as needed

Processing invoices on the clients bespoke system

Completion of client monies and bank reconciliations on a monthly basis

Investor Administration

Undertaking the investor call/distribution process from end to end

Completion of the investor transfer process

Processing investor contact and bank detail updates

Monitoring of investor audit confirmations

Dealing with investor tax reporting

Dealing with fund closings

Monitoring mailboxes

Perform reviews of junior team members work

Support other team members with workloads and rotate tasks on a regular basis.

Key Responsibility Area:

• Daily, weekly, and monthly Net Asset Value calculation (NAV)
• Calculation of the funds income and expense accruals and the pricing of securities at current market value
• Financial statement preparation and audit liaison
• Review and validation of capital statements and distribution to clients
• Review of capital calls/distributions report for distribution to clients
• Reconciliation of the broker, custodian, bank, and investment manager statements
• Accounting services; maintenance of the funds financial books and records
• Settlement of daily purchases and sales of securities, ensuring collection of dividends and interests
• Review of calculation and payment of dividends and distributions to the transfer agent
• Pricing the portfolio of the fund
• Management reporting through periodic management review packs
• Calculation of the total returns and other performance measures of the fund
• Supervision of the orderly liquidation and dissolution of the fund (if required)

Knowledge components:

• Excellent leadership skills
• Excellent verbal and written communication skills
• Ability to meet deadlines under pressure

Experience (Yrs and types):

• 10+ yrs* experience in implementing portfolio management and/or investment accounting systems preferred
• In-depth experience in hedge funds and private equity.
• Experience in liquid and illiquid assets

Education Levels/Credentials:

• Accounting graduate
• CA/CPA/CFA preferred

Skills, abilities, and other characteristics:

• Enthusiastic team player who enjoys both strategic and hands-on work
• Ability to analyze problems and develop creative solutions to complex product issues
• Strong interpersonal, communication skills, and the ability to work effectively with all levels of employees
• Manage multiple clients at a time and a team of 8-10 members.
• Conduct periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.

Physical Work Environment:

• Office environment

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

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