Fund Accountant - Investment Accounting & Reporting Solutions Under limited supervision, responsible for the day-to-day accounting support functions for an assigned group of basic to intermediate funds. Performs accounting and reporting including set up and accounting for complex multi-tier investment entities. Prepares monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting.
ESSENTIAL DUTIES AND RESPONSIBILITIES Performs intensive review of monthly property level reports. Produces fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review.
Prepares investment and positions reconciliations and daily reconciliation of cash balances. Performs periodic asset payment, cash and corporate action reconciliations. Posts journal entries and money-movement transactions. Ensures all fund transactions are properly posted to accounting system.
Prepares and reconciles daily trial balances for assigned funds. Updates and monitors daily trading, general ledger activity and pricing of funds to ensure accuracy of daily NAV calculation. Prepares, analyzes and review periodic NAV calculations. Prepares investor capital call/distribution notices. Prepares IRR and performance reporting models. Assists with security master and reporting set-up. Performs other duties as assigned.
EDUCATION and EXPERIENCE Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems.
CERTIFICATES and/or LICENSES CPA, CMA or other relevant professional certifications a plus.
FINANCIAL KNOWLEDGE Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.