Fund Accountant
Calculate and verify fund asset values and process financial transactions.
Job opportunities
-
Jobs in Jobstreet right nowJob growth
-
In the last yearSalary
-
Typical monthly salaryJob opportunities
-
Jobs in Jobstreet right nowSalary
-
Typical monthly salaryJob growth
-
In the last yearOn this page
- What's it like to be a Fund Accountant?
- How to become a Fund Accountant
- Latest Fund Accountant jobs
- Top skills and experience for Fund Accountants
What's it like to be a Fund Accountant?
Fund Accountants oversee the financial aspects of investment fund pools, including mutual and pension funds. Their responsibilities often involve reconciling and preparing financial statements as well as monitoring fund transactions to ensure compliance with relevant regulations. A typical workday could involve liaising with investment advisers and auditors, and tracking a fund’s income, expenses and assets. Fund Accountants typically work for investment banks, asset management firms or private equity and hedge funds. A solid understanding of financial markets and excellent analytical skills are key to their role.
Tasks and duties
- Calculating the net asset values (NAVs) of funds on a daily basis.
- Preparing financial statements and reports for assigned funds.
- Analysing fund performance and reporting findings to management.
- Reconciling fund transactions and resolving any discrepancies.
- Ensuring compliance with industry regulations and guidelines.
- Assisting in the annual auditing process.
- Communicating with fund managers and investors on financial information and fund performance.
How to become a Fund Accountant
To become a Fund Accountant, obtain a relevant degree, gain experience in financial statement preparation and fund accounting, and build strong analytical and problem-solving skills.
- Obtain a bachelor's degree in Accounting, Finance, or a related field, and consider advanced qualifications like Certified Public Accountant (CPA) or Association of Chartered Certified Accountants (ACCA).
- Acquire relevant years of work experience in financial statement preparation, auditing, or fund accounting, with exposure to manual reconciliation and KYC/AML compliance.
- Gain proficiency in software systems like C Sharp (C#), Internal Rate of Return (IRR), System and Organization Controls (SOC), and enterprise resource planning tools, and master Microsoft Office tools, especially Excel.
- Stay informed about Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) updates and understand regulatory provisions and Net Asset Valuation (NAV) for investment funds.
- Cultivate analytical and problem-solving abilities, critical thinking, collaboration skills, a good work ethic, leadership qualities, and the ability to multi-task in a fast-paced environment.
Compare your salary
Find out how your salary compares with the average salary for Fund Accountants.Latest Fund Accountant jobs on Jobstreet
Be one of the first to discover these recently listed jobs, or browse all Fund Accountant jobs on Jobstreet right now.Did you find this helpful?
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Fund Accountant employers on Jobstreet are looking for job seekers with expertise in the following areas. Private Equity
Fund Administration
Financial Statements
Accounting
Real Estate
Accounting Software
Accounting Standards
Portfolio Reporting
Financial Reporting
Investor Relations
Literacy
Financial Closing
Hedge Funds
Valuation
Asian Languages
Financial Services
Anti Money Laundering
Accounting Package
Process Automation
Chartered Certified Accountant Qualification
Source: Jobstreet job ads and Jobstreet Profile data
Did you find this helpful?
