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Become A Fund Accountant

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Working As A Fund Accountant

  • Interacting With Computers
  • Processing Information
  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $76,593

    Average Salary

What Does A Fund Accountant Do At CBRE

* Performs intensive review of monthly property level reports.
* Produces fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output.
* Maintains sharehold registries.
* Prepares periodic financial statements and assists with audit and tax preparation and audit review.
* Prepares investment and positions reconciliations and daily reconciliation of cash balances.
* Performs periodic asset payment, cash and corporate action reconciliations.
* Posts journal entries and money-movement transactions.
* Ensures all fund transactions are properly posted to accounting system.
* Prepares and reconciles daily trial balances for assigned funds.
* Updates and monitors daily trading, general ledger activity and pricing of funds to ensure accuracy of daily NAV calculation.
* Prepares, analyzes and review periodic NAV calculations.
* Prepares investor capital call/distribution notices.
* Prepares IRR and performance reporting models.
* Assists with security master and reporting set-up.
* Performs other duties as assigned.
* No formal supervisory responsibilities in this position.
* May provide informal assistance such as technical guidance and/or portfolio-specific training to others

What Does A Fund Accountant Do At Robert Half

* Participate in all accounting functions including pricing and NAV generation, audit, tax, data analysis, and special projects
* Assist in annual tax filing process including K
* and federal/state/foreign tax returns
* Involvement with client services via communication and reporting
* Financial data analysis to identify missing, incomplete, or invalid information
* Assist in the collection and/or reconciliation of valuation data from underlying manager including portfolio allocations, cash management, hedge fund managers and/or independent administrators to obtain estimated and final portfolios performance and valuation of all onshore, offshore and managed accounts portfolios
* For immediate consideration please contact Alex Gikas at alex.gikas@roberthalffs.com

What Does A Fund Accountant Do At UMB Bank

* Fund Accountants are responsible for all functions related to the calculation of the Net Asset Value for multiple funds.
* Including but not limited to:
* Apply proper accounting treatments for various investments
* Record income and expense accruals in accordance with GAAP
* Obtain portfolio valuations compliant with fund specific pricing policies
* Review source documentation/accounting reports to trail balance for accuracy
* Reconcile case and security positions to numerous custodians/prime brokers
* Culture of Diversity and Inclusion:
* We are committed to building a strong UMB by hiring talented, high-performing associates with diverse backgrounds.
* Maybe you simply want to work at a company where you have a voice and an opportunity to share your unique ideas.
* Please visit us at umbfs.com to view a list of all available opportunities.
* UMB is an Equal Opportunity Employer.
* Principals only.
* No 3rd parties or agencies, please.
* At UMB:
* We strive to deliver _the_ unparalleled customer experience, and show customers they can count on more from UMB.
* The same is true for our associates.
* You can count on more benefits, more training, more support, and more opportunity!
* What you'll get:
* Unique Benefit Programs :
* We offer a great benefits package including several unique programs like an incentive-based wellness program, parental leave, adoption assistance and health care for you, your spouse or domestic partner, your dependents and even your pets

What Does A Fund Accountant Do At Neuberger Berman

* Oversight of monthly hedge fund, fund of funds and private equity net asset valuation reporting; this involves review and analysis of monthly financials, capital activities and performance allocations, management fee and incentive fee calculations, rebates and rates of return.
* Review and confirm fund estimates, general ledger and NAV from the fund administrator.
* Understanding of foreign currency revaluation, FX hedging, corporate actions and other trade related reconciliations.
* Cash management functions including projections and administrative fee/invoice review and payments, subscriptions/capital calls and redemptions/distributions.
* Work with administrator and internal groups related to investor reporting, estimates and capital activity.
* Interact with the portfolio manager, trading desk, operations, and prime brokers/custodians/FCMs.
* Assist with new business and fund launches, review of fund documents including the Private Placement Memorandum, limited partnership agreement, Investment Management Agreement, understanding fee structure and pricing/valuation.
* Liaise with Internal and External Auditors and Tax consultants including but not limited to:
* Yearly audit preparation and understand GAAP accounting rules and pronouncements that apply to alternative investment funds
* Review of tax returns including F1065 and K
* s
* Work with Legal, Compliance, Finance, Fund On-boarding and Risk groups as needed.
* Assist with various projects necessary to implement efficient and timely reporting

What Does A Fund Accountant Do At Jpmorgan Chase

* Maintain the books and records of Private Equity fund entities
* Set-up and maintenance of fund structures and investments in accounting database
* Prepare and/or review periodic Net Asset Valuations including all supporting workbooks and documentation
* Prepare and/or review consolidated financial statements including note disclosures and supporting schedules
* Prepare and/or review capital call and distribution calculations, investor allocations and investor notices
* Monitor, track and reconcile capital call proceeds and distribution payments
* Prepare and/or review management fee calculations including fee offsets and waivers
* Prepare and/or review carried interest calculations and maintenance of waterfall model
* Prepare and/or review partner allocations and capital account statements
* Coordinate release of investor notices with document management team
* Review subscription agreements and ensure investor data is correctly captured in Investran
* Handle ad hoc client and investor requests
* Work closely with manager, team and support functions to manage client expectations and timeline for client deliverables in accordance with SLAs
* Demonstrate knowledge of Private Equity fund structures, accounting flows and understanding of fund governing documents
* Liaising with support functions and internal stakeholders including risk and control groups, audit, compliance, implementation, investor relations and operations
* Adherence to control framework including internal policies and procedures
* Participate in ad hoc client projects and internal initiatives
* Assist in year-end process and handle requests from external auditors and tax teams
* Review fund governing documents and related agreements ensuring correct application of terms and conditions
* Mentor and groom staff resources through performance management process and career development plans where applicable

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How To Become A Fund Accountant

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).  


Most accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.

Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Every accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.

CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.

Almost all states require CPAs to take continuing education to keep their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management. 

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.

For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.


Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.  

Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.

Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.

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Fund Accountant jobs

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Fund Accountant Career Paths

Fund Accountant
Accountant Senior Accountant
Accounting Manager
7 Yearsyrs
Staff Accountant Controller Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Senior Finance Analyst Assistant Controller Controller
Controller/Director Of Finance
11 Yearsyrs
Accounting Manager Accountant-Contractor Senior Accountant
Corporate Accounting Manager
8 Yearsyrs
Senior Accountant Accounting Manager Controller
Corporate Controller
12 Yearsyrs
Assistant Vice President Human Resources Coordinator Controller
Director Of Accounting & Finance
11 Yearsyrs
Senior Associate Senior Accountant Accounting Manager
Division Controller
9 Yearsyrs
Accounting Supervisor Assistant Controller
Divisional Controller
9 Yearsyrs
Finance Analyst Controller
Finance Controller
9 Yearsyrs
Accounting Supervisor Finance Analyst Senior Finance Analyst
Finance Leader
8 Yearsyrs
Senior Accountant Senior Finance Analyst
Finance Manager
7 Yearsyrs
Account Manager Analyst Senior Finance Analyst
Finance Planning Manager
8 Yearsyrs
Senior Finance Analyst Finance Manager Controller
Finance Vice President
9 Yearsyrs
Accountant Finance Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Account Manager Business Analyst Senior Finance Analyst
Manager, Finance Analysis
8 Yearsyrs
Senior Associate Senior Analyst Senior Finance Analyst
Plant Controller
10 Yearsyrs
Staff Accountant Accounting Manager Controller
Regional Controller
10 Yearsyrs
Accounting Manager Business Analyst Senior Finance Analyst
Reporting Manager
8 Yearsyrs
Assistant Vice President Office Manager Accounting Manager
Senior Accounting Manager
10 Yearsyrs
Finance Analyst Senior Finance Analyst Finance Manager
Senior Finance Manager
11 Yearsyrs
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Fund Accountant Demographics


  • Male

  • Female

  • Unknown



  • White

  • Asian

  • Hispanic or Latino

  • Unknown

  • Black or African American

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Languages Spoken

  • Spanish

  • Chinese

  • Mandarin

  • French

  • Cantonese

  • Russian

  • Hindi

  • Korean

  • Vietnamese

  • German

  • Polish

  • Bengali

  • Gujarati

  • Italian

  • Portuguese

  • Turkish

  • Swedish

  • Romanian

  • Greek

  • Tagalog

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Real Fund Accountant Salaries

Job Title Company Location Start Date Salary
Senior Fund Accountant-Trade Operations Mio Partners Inc. New York, NY Jul 15, 2013 $158,236
Senior Fund Accountant Lombard Odier Asset Management (USA) Corp. New York, NY Sep 06, 2013 $150,000
Senior Fund Accountant, Custody Controls TPG-Axon Management LP New York, NY Aug 15, 2013 $120,000
Fund Accountant Guggenheim Credit Services, LLC New York, NY May 12, 2016 $116,979 -
Fund Accountant Partner Fund Management, L.P. San Francisco, CA May 27, 2016 $103,106
Fund Accountant Visium Asset Management New York, NY Aug 04, 2016 $100,000
Fund Accountant Visium Asset Management LP New York, NY May 05, 2015 $100,000
Vice President-Fund Accountant Pinebridge Investments Holdings U.S., LLC New York, NY Jan 10, 2016 $100,000
Senior Associate-Fund Accountant Pinebridge Investments Holdings U.S., LLC New York, NY Jan 10, 2016 $100,000
Fund Accountant King Street Capital Management, L.P. New York, NY Jan 09, 2016 $100,000
Fund Accountant MUFG Fund Services (USA) LLC New York, NY Jan 29, 2016 $97,500
Fund Accountant MUFG Fund Services (USA) LLC New York, NY Mar 02, 2016 $97,500
Fund Accountant King Street Capital Management, L.P. New York, NY Jul 07, 2014 $79,000
Senior Fund Accountant Citco Fund Services (USA) Inc. Jersey City, NJ Apr 01, 2016 $78,000
Senior Fund Accountant Oaktree Capital Management, L.P. Los Angeles, CA Sep 15, 2016 $77,300
Senior Fund Accountant The Raine Group, LLC New York, NY Nov 21, 2016 $77,000 -
Fund Accountant Hudson River Trading LLC New York, NY Oct 17, 2016 $76,500 -
Senior Fund Accountant Citco Fund Services (USA) Inc. Jersey City, NJ Sep 18, 2015 $75,000
Senior Fund Accountant Citco Fund Services (San Francisco) Inc. San Francisco, CA Aug 14, 2014 $68,000
Fund Accountant CIFC Corp. New York, NY Mar 30, 2015 $67,500
Staff Accountant-Hedge Fund/Ucit/Separate Account Supp Van Eck Associates Corporation New York, NY Oct 03, 2014 $66,300
Junior Fund Accountant White Oak Global Advisors, LLC San Francisco, CA Apr 09, 2016 $65,000
Fund Accountant Hedgeco, LLC New York, NY Mar 01, 2013 $65,000
Senior Fund Accountant Oaktree Capital Management, L.P. Los Angeles, CA May 08, 2015 $65,000 -
Fund Accountant Oak Hill Advisors, L.P. Fort Worth, TX Mar 14, 2016 $62,000
Senior Fund Accountant Citco Fund Services (USA) Inc. Charlotte, NC Apr 19, 2016 $60,715

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Top Skills for A Fund Accountant


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Top Fund Accountant Skills

  1. Annual Financial Statements
  2. Income Accruals
  3. Portfolio Holdings
You can check out examples of real life uses of top skills on resumes here:
  • Prepared and reviewed annual financial statements and monthly reconciliations for mutual fund portfolio investments.
  • Accounted for all daily activity (purchases, sales, income accruals, futures, foreign exchange contracts, etc.)
  • Provide the General Partner, the Directors and/or the Manager with monthly reports of the Company s portfolio holdings.
  • Calculated cost for corporate actions such as conversions, exchanges, capital reorganizations, stock splits and mergers.
  • Prepared proofs of account balances, entered and monitored general ledger activity.

Top Fund Accountant Employers

Fund Accountant Videos

Introduction to Fund Accounting


Money Management & Personal Finance : What Is a Hedge Fund Accountant?