Fund Accountant

Due to an enhanced period of growth, Meraki Talent are seeking an experienced Fund Accountant for a newly created position within the heart of Glasgow’s Financial Services district.

As a Fund Accountant, you will be responsible for maintaining accurate financial records for investment and hedge funds, ensuring compliance with regulatory requirements, and providing timely reporting to stakeholders. You will play a crucial role in the financial operations of the fund, including calculating net asset values (NAVs), reconciling transactions, and preparing financial statements. This position requires attention to detail, analytical skills, and a solid understanding of accounting principles and financial markets.

Responsibilities:

Net Asset Value Calculation:

• Calculate daily, weekly, or monthly net asset values (NAVs) for investment funds.
• Reconcile cash, positions, and market values to ensure accuracy in NAV calculations.
• Investigate and resolve any discrepancies in NAV calculations.

Financial Reporting:

• Prepare financial statements, including income statements, balance sheets, and cash flow statements, in accordance with regulatory standards and fund requirements.
• Generate performance reports and other ad-hoc financial reports for internal and external stakeholders.
• Ensure timely and accurate delivery of financial reports to clients and regulatory authorities.

Reconciliation and Control:

• Conduct daily reconciliations of investment transactions, cash movements, and positions.
• Investigate and resolve discrepancies between accounting records and external sources, such as brokers and custodians.
• Implement controls to mitigate operational risks and ensure compliance with regulatory requirements.

Audit Support:

• Assist auditors in the annual audit process by providing documentation, explanations, and support as needed.
• Respond to audit queries and address any findings or recommendations for improvement.

Regulatory Compliance:

• Stay informed about regulatory changes impacting fund accounting and reporting.
• Ensure compliance with applicable accounting standards (e.g., GAAP, IFRS) and regulatory requirements (e.g., SEC, IRS).

Process Improvement:

• Identify opportunities to streamline and improve fund accounting processes.
• Implement automation and efficiency enhancements to increase accuracy and reduce manual effort.
• Participate in projects aimed at enhancing systems and technology infrastructure for fund accounting.

Qualifications:

• Bachelor’s degree in Accounting & Finance
• Ideally ACCA / ICAS Qualified
• Previous experience in fund accounting, preferably within the asset management or investment industry.
• Strong understanding of accounting principles and financial instruments (e.g., equities, fixed income, derivatives).
• Proficiency in accounting software and financial reporting tools
• Excellent analytical skills with attention to detail and accuracy.
• Ability to prioritize tasks and work effectively in a fast-paced environment with tight deadlines.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with team members and stakeholders.

This is an excellent opportunity to join a progressive firm, who are highly regarded within the Glasgow market. As well as a hybrid approach to working, our client are offering excellent salary and benefits, as well as an excellent workplace experience.

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Jennifer wants: Fund Accountant, Fund Accounting, NAV, Reporting, IFRS

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