At a Glance
- Tasks: Manage complex investment funds and calculate Net Asset Value (NAV) with precision.
- Company: Join a leading firm in the offshore financial services industry.
- Benefits: Competitive salary, professional growth, and a supportive team environment.
- Other info: Dynamic role with opportunities for client relationship management and special projects.
- Why this job: Make an impact in fund administration while developing your accounting skills.
- Qualifications: University degree and professional accounting qualification with 2+ years of relevant experience.
The predicted salary is between 43200 - 72000 £ 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 either a weekly, bi-weekly, monthly, and/or quarterly 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 (i.e. management & administration fee 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.
Knowledge, Skills & Abilities Required
- 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.
- A sound working knowledge of all Windows applications and ideally, knowledge of fund accounting applications.
- Self-driven attitude and a strong work ethic.
- Demonstrate a keen attention to detail.
- Excellent interpersonal skills and strong team orientation.
- Experience of relationship management and client service.
- Excellent time management, organizational and prioritization skills.
- Excellent communication skills, both verbal and written.
Terms
- Full-Time Role On-Site at London office 4 days per week for first 6 months and 3 days per week thereafter.
- Compensation commensurate with qualifications and experience.
Senior Fund Accountant employer: Harmonic
As a leading Private Bank, we pride ourselves on fostering a dynamic and inclusive work environment where talent thrives. Our commitment to employee growth is reflected in our robust learning and development programmes, alongside competitive benefits that support work-life balance. Join us in a role that not only shapes the future of our workforce but also champions diversity, equity, and inclusion within the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Fund Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that Senior Fund Accountant role!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss NAV calculations, fund administration, and client relationship management. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm for the role and reinforces your professionalism.
✨Tip Number 4
Apply through our website for the best chance at landing that job! We’re always looking for talented individuals like you, so make sure your application stands out and highlights your relevant experience in fund accounting.
We think you need these skills to ace Senior Fund Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Fund Accountant role. Highlight your experience with NAV calculations, financial statements, and client relationship management. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to fund administration and your ability to meet tight deadlines. We love a good story!
Showcase Your Attention to Detail:In this role, attention to detail is key. Make sure to highlight any relevant experiences where you've demonstrated this skill, especially in financial reporting or compliance. We appreciate candidates who can spot the little things!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. We can't wait to hear from you!
How to prepare for a job interview at Harmonic
✨Know Your Numbers
As a Senior Fund Accountant, you'll be dealing with complex investment funds and NAV calculations. Brush up on your financial metrics and be ready to discuss how you’ve handled similar tasks in the past. Show them you can crunch numbers like a pro!
✨Understand the Offering Memorandum
Familiarise yourself with the fund's offering memorandum before the interview. Be prepared to explain how you would ensure compliance with its details during fund administration. This shows you’re proactive and understand the importance of adhering to guidelines.
✨Client Relationship Management Skills
Since liaising with clients and stakeholders is key, think of examples where you've successfully managed client relationships. Highlight your communication skills and how you’ve navigated challenging situations. They want to see you can build rapport and trust.
✨Project Participation Experience
Be ready to discuss any special projects you've been involved in, especially those related to system development or new business integration. Share specific outcomes and what you learned from those experiences. This will demonstrate your versatility and commitment to continuous improvement.
