Description:
Fund Accountant – Secondment Opportunity into a new business POC
(CIB Digital) is offering new ‘Fund Services’ to asset management clients, supported by a fund accounting software; as well as fund accounting capability (resources). CIB Digital would like to trial the operating model through a closed / limited proof of concept, with the aim of understanding if we can run this business in a cost-effective business model.
The ideal resource would provide fund accounting expertise; while fulfilling the role of business development – identifying mandates; onboarding asset manager clients and their mandates to the solution; and providing that manager with fund services.
Job Description
Fund Accountant primarily responsible for the day-to-day accounting for various investment portfolios. These portfolios may include segregated mandates, hedge funds, institutional funds, or mutual funds. Aside from the day-to-day accounting of these portfolios, a Fund Accountant is also responsible for both calculating and reporting the NAV (Net Asset Value) daily and monthly (as stipulated by the fund). This role entails the accurate end-to-end processing required to support NAV calculation, which includes price sourcing, trade support and daily cash reconciliation processes and the verification and release of NAVs.
Key roles and responsibilities
Deliver accurate, timely production and delivery of reporting to clients, ensuring efficient accurate trade processing, NAV review, Corporate Actions processing, security valuation, financial statements production, query handling and ad hoc reporting for funds Onboarding new clients, unpack and define new client delivery, participate in the implementation of fund structures onto the accounting system Prepare and perform weekly/daily cash and stock reconciliations including proper investigation of all outstanding issues ensuring timely resolution of any reconciling differences and no valuation errors occur. Monitor daily/monthly asset prices and their pricing sources for corporate actions to ensure securities are updated and valued correctly on the accounting system and no asset pricing errors occur within the valuation. Facilitate weekly/daily expense and accrual calculations ensuring they are reflected correctly in the NAV calculation. Prepare and produce an accurate NAV to ensure Reviewers discover no errors on work reviewed resulting in the timely delivery of the NAVs. Prepare, monitor, and capture cash movements (cash management), investment trades and update transactions in the accounting system to ensure an accurate and timely delivery of the NAV. Preparation of trial balances Responsible for (fund) accounting and analysis, maintaining and controlling the general ledger and various sub-ledgers, processing of tran...