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For Companies At a Glance
- Tasks: Support fund accounting operations, perform reconciliations, and prepare financial reports.
- Company: Join a leading investment management group based in London.
- Benefits: Enjoy hybrid working, performance bonuses, study support, and private healthcare.
- Why this job: Be part of a dynamic team, enhance your skills, and contribute to impactful financial operations.
- Qualifications: 3+ years in Fund Accounting, Bachelor's degree, and part-qualified ACCA/CIMA/ÁCA required.
- Other info: Collaborate with various teams and build relationships with external service providers.
The predicted salary is between 36000 - 60000 £ per year.
The Junior Fund Accountant will be responsible for supporting the fund accounting team in maintaining accurate financial records and ensuring compliance with regulatory standards. This role involves assisting with daily fund operations, performing reconciliations, preparing reports, and resolving accounting discrepancies. Working in a team of 4 within the Fund team, the ideal candidate will have 3 years+ Fund Accounting experience.
Oversee the day-to-day fund accounting operations across all fund ranges. Perform account reconciliations and review stock and cash reconciliation reports. Identify and resolve discrepancies in accounting records, including corporate actions and pricing issues. Maintain accurate and up-to-date financial records in compliance with accounting standards. Ensure adherence to all regulatory requirements related to fund accounting processes. Assist in month-end reporting by compiling, preparing, and distributing financial reports. Support the year-end close process for all funds managed by official administrators. Collaborate with internal teams, including investment, operations, and legal, to ensure seamless coordination of fund-related activities. Build and maintain relationships with external service providers, such as auditors and official administrators. Assist in monitoring and reporting fund expenses and revenue, including fee calculations and invoicing. Contribute to the development and implementation of fund accounting policies and procedures.
Profile
- Minimum 3 years experience in Fund Accounting.
- A strong understanding of Net Asset Value (NAV) calculations is essential to ensure accurate valuation and reporting of funds.
- Bachelor's degree.
- Part qualified - ACCA/CIMA/ÁCA.
- Excellent communication skills - written and verbal.
- Detail focused.
- Understanding of financial products and instruments and their accounting.
- Understanding of the Asset Management space.
Job Offer
- Performance bonus.
- Study support.
- Hybrid working - 3 days a week in office.
- Private Healthcare.
- Stock options and Healthcare plans.
Junior Fund Accountant employer: Michael Page
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Fund Accountant
✨Tip Number 1
Familiarise yourself with the specific fund accounting software and tools commonly used in the industry. Being able to demonstrate your proficiency in these systems during interviews can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the fund accounting field, especially those who work at investment management firms. Attend industry events or join relevant online forums to make connections that could lead to job opportunities.
✨Tip Number 3
Stay updated on regulatory changes and trends in the asset management space. Showing your knowledge of current issues during interviews can demonstrate your commitment to the field and your ability to adapt.
✨Tip Number 4
Prepare for potential technical questions related to NAV calculations and financial reporting. Practising how to explain these concepts clearly can help you impress interviewers and showcase your expertise.
We think you need these skills to ace Junior Fund Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in Fund Accounting, especially the 3+ years required. Emphasise your understanding of NAV calculations and any specific financial products you've worked with.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities listed in the job description, such as performing reconciliations and maintaining compliance with regulatory standards.
Showcase Communication Skills: Since excellent communication skills are essential, consider including examples in your application that demonstrate your ability to collaborate with internal teams and external service providers effectively.
Highlight Attention to Detail: Given the detail-focused nature of the role, provide specific examples of how you have successfully identified and resolved discrepancies in accounting records in your previous positions.
How to prepare for a job interview at Michael Page
✨Know Your Numbers
Make sure you have a solid understanding of Net Asset Value (NAV) calculations. Be prepared to discuss how these calculations impact fund valuation and reporting, as this is crucial for the role.
✨Showcase Your Experience
Highlight your 3+ years of experience in Fund Accounting during the interview. Be ready to provide specific examples of your past work, especially any challenges you've faced and how you resolved them.
✨Understand Regulatory Standards
Familiarise yourself with the regulatory requirements related to fund accounting. Demonstrating your knowledge of compliance will show that you are detail-oriented and understand the importance of adhering to standards.
✨Communicate Effectively
Since excellent communication skills are essential, practice articulating your thoughts clearly and concisely. Be prepared to explain complex financial concepts in simple terms, as you may need to collaborate with various teams.
