At a Glance
- Tasks: Manage complex investment funds, calculate NAV, and prepare financial statements.
- Company: Dynamic financial services firm with a focus on innovation and client relationships.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth in a fast-paced, supportive atmosphere.
- Why this job: Join a team where your skills will directly impact fund performance and client satisfaction.
- Qualifications: University degree in accounting with 2+ years of relevant experience.
The predicted salary is between 49500 - 60500 £ per year.
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
- NAV's
- Review and understand the fund's 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 a periodic basis as specified by the client and as outlined in the administration agreement.
- 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.
- 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 fund’s 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.
- Compliance
- Monitor and ensure that the AML checks are being carried out in accordance with the procedures and legislation in force.
- Respond to Investor due diligence requests.
- Fees
- Calculate recurring fees as set out in various agreements.
- Process fees and expenses on behalf of the clients as directed by Administration Agreement and wire funds to third party service providers such as lawyers and auditors.
- Quality Assurance Testing
- Conduct quality assurance testing following defined practices and procedures.
- Make recommendations for updates.
- Other Responsibilities
- Other job functions as required.
- Performance of general administration relating to client funds.
Job Qualifications
- A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent).
- Minimum 2 years’ experience in a similar role working with complex securities and derivatives products.
- High level of expertise and technical knowledge of alternative investment products, the offshore financial services industry including system technology, portfolio valuation, accounting, share transfer and registration, prime brokerage, financing and custody.
Technical Requirements
- Solid working knowledge of all Windows applications with Excel to an advanced level.
- Basic understanding of FM3 software and/or fund accounting applications.
General Skills & Abilities Required
- Strong Communication Skills.
- Workflow and Problem-Solving Acumen.
- Self-Driven Productivity.
- Meticulous Attention to Detail.
- Relationship and Client Orientation.
- Time Management and Prioritisation Skills.
- Interpersonal and Sociable Engagement.
- Adaptability and Flexibility.
- Critical Thinking and Decision-Making Capacity.
Terms
- Full-Time on-site role.
- Compensation commensurate with qualifications and experience.
Senior Fund Accountant in London employer: Harmonic Fund Services
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StudySmarter Expert Advice🤫
We think this is how you could land Senior Fund Accountant in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Harmonic Fund Services. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Fund Accountant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Harmonic Fund Services.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Harmonic Fund Services's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Harmonic Fund Services
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Harmonic Fund Services.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Harmonic Fund Services will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Harmonic Fund Services employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
