Fund Accountant

What is a fund accountant?

A fund accountant is responsible for preparing consolidated accounts and investor reporting for investment funds, such as real estate, debt, or private equity. In some cases, fund accountants are tasked with reviewing work prepared by the fund administrator before the main fund accounting is outsourced. They work alongside an investment manager to ensure the fund is well serviced.

Fund accountant job description and responsibilities

Businesses employ fund accountants to ensure that each fund is achieving its objectives, while remaining compliant. In some cases, this role is more focussed on how money is spent rather than the profits incurred. For this reason, professionals are expected to produce transparent financial reporting for management and investors.Their daily duties will differ slightly depending on the area of specialism: government, non-profit, hedge funds etc. Basic tasks can include:Overseeing monthly and quarterly investor reportingOverseeing annual audited accountsManaging monthly and quarterly VAT returnsEnsuring fund administrator reporting is accurate, on time, and reflective of wider business insightsAML checksSupporting with year-end auditCompleting NAV calculationsProviding compliance reportsLiaising with investorsPricing securitiesReviewing the expenses, distributions and drawdowns of fundsDeveloping and upholding processes for external and internal investor communications/demands

Fund accountant job qualifications, skills and experience 

Employers hiring for fund accountant roles will be looking for a professional with a bachelor’s degree in a related subject, such as:FinanceAccountingMathematicsA fund accountant will ideally have some of the following qualifications and skills:ACA/ACCA/CIMA qualificationExperience with specialist softwareUK GAAP and IFRS experienceExperience working in real estate, debt funds or private equityAdvanced Excel skillsIn order to be a good fit for the role, it’s important for professionals to have some or all of the following traits:Good interpersonal skillsExcellent attention to detailGood time management skillsAbility to multitask

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Accounting Functions
Accounting Software Systems
Auditing
Bloomberg Terminal
Capital Management
Cash Activity
Corporate Actions
Financial Statement
Funds
Great Plains (GPAC)
Salary for Fund Accountant
41000 - 50500
25th Percentile
41000
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
46500
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
50500
Extensive prior experience in the position; has mastered relevant skills. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Chief Financial Officer - Financial Services 130000 172750 215000 Finance Director - Financial Services 92000 108750 131500 Financial Controller - Financial Services 74500 86000 95500 Finance Manager - Financial Services 53000 59500 68000 Tax Accountant - Financial Services 47750 51500 53000 Qualified Financial Accountant 46000 49500 55000 Part-Qualified Financial Accountant 31250 34250 39750 Financial Analyst - Financial Services 45500 50000 53250 Financial Planning & Analysis Manager - Financial Services 65250 75250 82750 Head of Regulatory Reporting 73500 83000 100250 Regulatory Accountant 48000 57000 65750 Finance Business Partner - Financial Services 49750 55500 66500 Qualified Management Accountant 45000 49500 55000 Part-Qualified Management Accountant 30750 33750 39750 Fund Controller 65750 74000 84000 Assistant Fund Accountant 30500 34000 37000 Internal Audit Manager - Financial Services 49000 55500 61000 Internal Auditor - Financial Services 28750 35750 49250 Treasury Manager - Financial Services 57000 63000 74250 Accounts Payable / Accounts Receivables Manager 37000 41000 45500 Accounts Payable / Accounts Receivables Clerk 24750 27000 29500 Graduate Accounts Assistant 24250 26500 28750 Entry Level Accounts Assistant (School Leaver) 21500 22500 23750

Newest Fund Accountant jobs

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