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 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.