Junior Fund Accountant

Our client a MENA focused Hedge Fund Manager with $1 Billion AUM are looking for Junior Fund Accountant to join their growing team. Reporting directly to the Operations Manager, the Junior Fund Accountant will be responsible for various aspects of fund accounting, including daily NAV calculation, reconciliation, trade recording, fee calculation, and internal communication.

JOB DUTIES

• Daily NAV calculation for the clients allotted, in excel as well as on PMS software. Roll over previous day NAV.
• Daily Cash & position reconciliation with Broker & Custody balances
• Daily Pricing of portfolio & recoding any corporate actions like dividend etc.
• Recording trades of the previous day in NAV
• Making sure there is enough cash for settlement of trades.
• Calculate and reconcile the management fees and performance fees earned by the manager.
• Send daily valuation to Investment team on timely basis.
• Respond to any queries investment team may have.
• Reconcile and validate the monthly NAV, reconciling with administrator, PMS, custodian & broker.
• Liaise with the back office of the custodian to manage the settlement of the trades, sending the daily settlement instructions before the deadline.
• Responding to any emails by broker & custodian regarding matching and settlement of trades, making sure we send them instruction timely and accurately.
• Monitor the cash position of the fund between its various accounts as well as making sure any unfunded positions. Maintain log of any unsettled/failed trades & reporting to compliance officer.
• Prepare month end attributions calculation of the client monthly performance.
• Prepare monthly Management & Performance fee invoices and sending them out to clients.
• Follow up on the fees with client.
• Maintain the process notes for the client valuation process and update it on regular basis.
• Provide any ad hoc requests of Investment team & Operation manager.

REQUIREMENTS:

• Prior experience in fund accounting or financial services is a must have.
• Exposure to Fixed Income products or similar experience would be beneficial.
• Strong understanding of accounting principles and financial instruments.
• Proficiency in Microsoft Excel and experience with accounting software.
• Excellent analytical and problem-solving skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Strong attention to detail and accuracy.
• Effective communication skills, both written and verbal.