Purpose Of Role :
The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion.
The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received;
making sure any discrepancy is monitored and resolved professionally.
Specific Duties :
CALCULATION OF FUND NET ASSET VALUE
Complete Net Asset Value calculation ensuring accuracy and timeliness.
Complete and prove reasonability of the Fund valuation components.
RECONCILIATION ACCOUNTING RELATED
Compares and confirms account balances per trial balance to account balances per subsidiary ledgers, Research any discrepancies.
Complete fund accountant checklist when required in accordance with procedures.
Ensure agreed timelines are adhered to.
Maybe required to undertake to review fund evaluation components.
Involvement in departmental ad-hoc projects.
Involvement in the training and development of other team members as necessary.
Make recommendations for changes to processes and procedures and prepare documentation for review as required.
NON - TECHNICAL COMPETENCIES
Resolve review points highlighted by senior fund accountants and team supervisor and ensure they are kept informed of progress.
Establish and maintain good working relationships with internal clients and colleagues.
Undertake appropriate housekeeping duties e.g. filing, archiving, operation of clean desk policy.
TRAINING AND PERSONAL DEVELOPMENT
Work with Senior Fund Accountant / Team supervisor to identify objectives at the start of each year and keep them up to date.
Actively participate in the appraisal process by completing a self-evaluation and suggesting appropriate development.
Take responsibility for personal development and training.
Work Parameters Or Boundaries :
Internal State Street Poland procedures & regulations
FSA Regulations required for UK teams
Performance Planning and Review System (PPR)
Specific Qualifications / Skills :
Numeracy / Literacy skills.
Accuracy and ability to work to tight deadlines.
PC literate and competent in use of spreadsheets and word processing.
Basic understanding of fund administration would be useful but not essential.
Good command of English.
Critical Behaviors for Success as defined by the PPR System at Core level :
Takes Ownership and Initiative
Ensures accuracy and quality
Provides outstanding service
Displays Insight & Influence
Fosters Collaboration and Teamwork
Level Of Education :
University Students or Graduates
Previous Level Of Experience :
Previous experience in fund administration preferred but not essential.