Fund Accountant in scotland

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 reporting

Overseeing annual audited accounts

Managing monthly and quarterly VAT returns

Ensuring fund administrator reporting is accurate, on time, and reflective of wider business insights

AML checks

Supporting with year-end audit

Completing NAV calculations

Providing compliance reports

Liaising with investors

Pricing securities

Reviewing the expenses, distributions and drawdowns of funds

Developing 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:

Finance

Accounting

Mathematics

A fund accountant will ideally have some of the following qualifications and skills:

ACA/ACCA/CIMA qualification

Experience with specialist software

UK GAAP and IFRS experience

Experience working in real estate, debt funds or private equity

Advanced Excel skills

In 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 skills

Excellent attention to detail

Good time management skills

Ability to multitask

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