Alternative Fund Accounting, Associate 2
About The Position
Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for clients’ accounts (funds). The role identifies, analyzes, and substantiates impacts to the NAV. It includes processing and verifying subscription and redemption activity for unitized products; posting and monitoring expense accruals; reviewing security transactions and corporate actions; monitoring dividend and interest income and accruals; performing mark-to-market calculations; monitoring securities pricing impacts; disseminating prices; and generating accounting-based reports. The fund accountant reconciles various accounts or reviews reconciliations prepared by others to ensure the integrity of the NAV. The role may also involve income distributions, preparing financial statements, and auditing funds.
Requirements
- Bachelor’s degree or above.
- Ability to resolve issues and client queries independently.
- Ability to communicate with other teams in English, verbally and in writing.
- Ability to act collaboratively within a team.
Responsibilities
- Execute and report net asset valuations accurately and on time.
- Identify, analyze, and substantiate impacts to the NAV.
- Process and verify subscription and redemption activity for unitized products.
- Post and monitor expense accruals.
- Review security transactions and corporate actions.
- Monitor dividend and interest income and related accruals.
- Perform mark-to-market calculations and monitor securities pricing impacts.
- Disseminate prices and generate accounting-based reports.
- Reconcile accounts or review reconciliations prepared by others to ensure NAV integrity.
- May assist with income distributions, preparation of financial statements, or fund audits.
Benefits
- Competitive and comprehensive benefits packages, varying by location.
- Medical care, insurance, and savings plans.
- Flexible Work Programs.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift programs.
- Employee networks.
- Retirement savings plan (401K) with company match.
- Basic life, medical, dental, vision, long-term disability, and optional insurance coverage.
- Paid time off, including vacation, sick leave, short-term disability, and family care leave.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards.
- Eligibility for certain tax-advantaged savings plans.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
