Fund Accountant Job Description Template

The fund accountant maintains the books of the fund and produces the numbers that become the net asset value. The work covers pricing, accruals, fee calculation, capital activity and the reconciliation of everything against the administrator. It is a deadline driven role where being right matters more than being fast, since investors subscribe and redeem on the numbers produced.

Typical Duties and Responsibilities

• Maintain the fund’s books and records and post daily accounting entries
• Support the production and review of net asset value
• Calculate management fees, performance fees and expense accruals
• Reconcile positions, cash and profit and loss against the administrator and brokers
• Verify pricing and apply the fund’s valuation policy
• Process subscriptions, redemptions and capital account activity
• Prepare month end and quarter end reporting packs
• Support the annual audit with schedules and explanations
• Maintain documentation of accounting policies and controls
• Investigate variances and resolve them before reporting

Education

• Bachelor’s degree in accounting or finance

Required Skills and Experience

• 2+ years of fund accounting experience at a fund or administrator
• Understanding of NAV production and investment company accounting
• Experience with fee calculations, including performance fees and equalisation
• Strong reconciliation skills and attention to detail
• Proficiency with Excel and a fund accounting platform
• Ability to meet fixed month end deadlines
• Understanding of valuation policy and pricing hierarchies
• Clear documentation habits for audit purposes

Preferred Qualifications

• CPA or progress toward it
• Experience with Advent Geneva or a comparable system