The primary responsibility of a Fund Accounting Supervisor is to ensure the accurate and timely completion of NAV calculations. They work closely with the fund accountants they oversee, providing guidance and support. The Fund Accounting Supervisor plays a vital role in supervising the cash, position, and OTC reconciliation process, which includes tasks such as trade capture, processing corporate actions, and pricing. They also contribute to the development of the NAV team by setting goals and serving as a mentor to their direct reports. As part of their role, every Fund Accounting Supervisor will undergo necessary Induction Training, as well as mandatory (AML/KYC) and optional training. The NAV Manager will provide additional training specific to clients.
Responsibilities
- Assist team development by providing guidance, training and mentoring to Fund Accountants, setting their goals and monitoring performance
- Review cash, position and market value reconciliations
- Resolve break items on reconciliations in a timely manner
- Review fund pricing
- Review corporate actions
- Review profit and loss reports for reasonableness
- Review income and expense accruals including fee calculations and trading accruals
- Review fund trial balance
- Review profit allocations to fund investors
- Review compliance with Our Clients defined checklists, procedures and controls
- Converse and liaise with internal services departments to resolve miscellaneous fund issues
- Escalate fund accounting issues and aged items to Fund Accounting Manager
- Respond to client queries in a timely and efficient manner
- Assist in the audit process including preparation of fund financial statements
- Ensure pre-agreed internal and external deadlines are met consistently
Requirements
- 3+ years experience working in hedge funds administration form is required
- Accounting, Finance, Legal or Business Degree - minimum 2.2 honors degree
- Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required
- IT Literate
- Strong verbal and written communication skills
- Strong analytical and problem-solving skills
- Strong attention to detail and well organized
- Ability to work under pressure and to tight deadlines
- Ability to be flexible and work effectively both within a team structure and independently
- Strong interpersonal skills
- Good initiative tempered with identifying when escalation is required
- Strong systems, product and process knowledge
- Reliable, Dependable and Approachable
- Ability to positively influence team morale, with demonstration of leadership skills
- Take ownership of designated tasks
