Fund Accountant

Job Type: Executive, Permanent

Location: Isle of Man

Job Purpose

Working as part of a team providing accurate and timely Net Asset Value (NAV) calculations and maintenance of the books and records for various fund structures.  Review and reconciliation of data with internal and external source data and systems, preparation of monthly control files and clearance of review points promptly, preparation of expenses for payments, documenting fund accounting events and procedures, provision of accurate and timely management information and assisting with the production of accurate and timely financial statements. Review of and liaison with client, shareholder services, custodian, broker, auditor, banks, and other related parties, with regard to fulfilment of the administration services provided.

Accountabilities

Valuations and NAV production and maintenance

Review and Maintenance of;
• Accurate and timely production of valuations to relevant accounting standards, legislation, best practice and consistent with AFSL procedures.
• Accurate and timely NAV calculation.
• Internal and external distribution of NAV.
• Double entry accounting, general ledger maintenance and reconciliations.
• Investment holding, valuation and cash reconciliation.
• Undertaking hedging requirements.
• Assist with preparation of financial statements and with external audit.
• Attending board meetings as necessary.
• Production of Fund Administrator’s reports and any other reports as deemed necessary by the Fund Accounting Manager.
• Act as point of reference on matters relating to the Fund Valuation and NAV to any internal or external critical stakeholders.
• Assisting shareholder services staff with technical/valuation matters.
• Review, adherence to, and update of all procedures relative to the above.
• Such other ad-hoc duties as may be requested by senior reports from time to time.
Skills/Competencies

Skills required to undertake the role:
• Solid Technical knowledge in producing NAV calculations
• Ability to assimilate and apply acquired technical knowledge
• PC and MS Excel literate
Competencies
• Accurately complete detailed technical work.
• Self motivated with a structured approach to work
• Identify and analyse problems by interpreting data available
• A team player with excellent communication skills at all levels
• Willingness to assist, learn, teach, motivate and show initiative at each opportunity
Knowledge and expertise required to undertake the role.
Essential
• Ability to prepare NAV calculations to recognised accounting standards
• Supervisory and time management skills
• Ability to post and reconcile general ledger systems
• Understanding of compliance and regulatory environment
• Proven interpersonal and communication skills
Experience and qualifications
Essential

• Proven related experience, or attainment of / working towards,  ACCA, ACA, ACMA  or similar investment or accounting related qualifications.

• Working knowledge of fund accounting systems.

• A detailed understanding of Fund Administration Services applicable to offshore funds industry.

• Final Accounts preparation

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