Senior Fund Accountant

Overview

Join to apply for the Senior Fund Accountant role at Harmonic Fund Services. Harmonic is one of the largest independent fund administrators, delivering a range of services and technology to private debt, hedge funds, fund of funds, private equity funds, private banks, pension funds and family offices. We support a dynamic and complex industry characterized by new financial products, trading strategies and capital markets. Harmonic is service oriented and technology intensive providing comprehensive services and software that include operations outsourcing, custom development and technology for global investment managers.

Responsibilities

• Review and understand the fund's offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
• Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
• Calculate the NAV for a portfolio of complex investment funds on either a weekly, bi-weekly, monthly, and/or quarterly basis as specified by the client and as outlined in the administration agreement
• Track all cash items whether portfolio related, capital transactions or from non-portfolio and other income and expense items
• Perform three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund)
• Obtain independent third-party pricing support where needed (i.e. from Bloomberg)
• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses
• Calculate and send out Estimated and Final NAV as required

Client Relationship & Projects

• Liaise with clients, investors, investment managers and other stakeholders as needed
• Participate in special projects
• Assist with System Development

Reporting & Audit

• Prepare monthly, quarterly and annual financial reports
• Liaise with the fund's auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditors' satisfaction
• Complete audit confirmation requests

Capital Events & New Business

• Prepare allocations for fund investors
• Prepare letters to be sent to the fund investors
• Acquire or assist in new business conversions and reconciliation

Financial Statements

• Assist in the preparation and review of fund audited financial statements
• Understand fund agreements to determine impact on financial reporting

Compliance & Fees

• Monitor and ensure that AML checks are carried out in accordance with procedures and legislation in force, including due diligence requests
• Respond to Investor due diligence requests
• Calculate recurring fees as set out in various agreements (e.g. management & administration fee agreements)
• Process fees and expenses on behalf of the clients as directed by Administration Agreement

Quality Assurance & Other

• Conduct quality assurance testing following defined practices and procedures
• Conduct testing according to standards agreed upon by Harmonic and IT; make recommendations for updates
• Other job functions as required
• Performance of general administration relating to client funds

Job Qualifications

• A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent)
• Minimum 2 years' experience in a similar role working with complex securities and derivatives products

Knowledge, Skills & Abilities

• High level of expertise and technical knowledge of alternative investment products, the offshore financial services industry including system technology, portfolio valuation, accounting, share transfer and registration, prime brokerage, financing and custody
• A sound working knowledge of all Windows applications and ideally, knowledge of fund accounting applications
• Self-driven attitude and a strong work ethic
• Demonstrate a keen attention to detail
• Excellent interpersonal skills and strong team orientation
• Experience of relationship management and client service
• Excellent time management, organizational and prioritization skills
• Excellent communication skills, both verbal and written

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance

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