Fund Accountant I - US GAAP

Syncreon Consulting•Pittsburgh, PA

About The Position

This role involves assisting with core lifecycle activities for bank loan positions within mutual funds. Responsibilities include processing trade settlements, funding tasks, daily interest accruals, paydowns, restructures, amendments, and bank loan fees. The position also requires performing daily cash and position reconciliations, preparing accounting system transaction loaders, supporting month/quarter-end close activities, maintaining documentation, collaborating with various teams, tracking exceptions, and supporting ad hoc requests and inquiries.

Requirements

Bachelor’s degree in Business, Accounting, Finance, Economics, or Mathematics
0–3 years of experience in fund accounting, investment operations, or a related field
Basic understanding of mutual fund accounting concepts under U.S. GAAP
Foundational reconciliation skills (cash and positions); ability to follow procedures to research and clear breaks
Proficiency with Excel (formulas, pivot tables, lookups)
Strong attention to detail, organizational skills, and documentation discipline; ability to meet daily deadlines in a fast-paced environment
Clear and professional communication skills; collaborative, proactive, and receptive to feedback

Nice To Haves

Internships or co-ops in asset management a plus
Willingness to learn bank loan mechanics and NAV principles
Eagerness to build advanced Excel skills
Exposure to Solvas is helpful
Strong aptitude to learn new systems and workflows quickly
CPA eligibility or interest in professional certification is a plus (not required)

Responsibilities

Assist with core lifecycle activities for bank loan positions within mutual funds
Process trade settlements and funding tasks
Process daily interest accruals and tie back to the accounting system ledger
Process paydowns, restructures, and amendments
Process bank loan fees as per the sub-ledger or custody cash posting
Perform daily cash and position reconciliations across accounting systems, administrators/custodians, and sub-ledger data; add comments for breaks and assist in resolution or escalation
Prepare accounting system transaction loaders for basic journal entries and supporting schedules; ensure tie-outs and clear audit trails under standard procedures
Support month/quarter-end close activities: follow cutoff timelines, prepare variance explanations, and contribute to certifications and control attestations
Maintain checklists, SOPs, and control documentation related to loan lifecycle events, reconciliations, and NAV processes
Collaborate with Clients, Portfolio Management, NAV Operations, Custody, Loan Administration, Compliance, and Technology; communicate clearly and professionally
Track exceptions and assist in root-cause analyses; contribute ideas for process improvements, data quality checks, and simple automation (primarily in Excel and self-service tools)
Support ad hoc requests, regulatory/audit inquiries, and change initiatives impacting bank loan workflows, systems, or reporting