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Fund accountant skills for your resume and career

Updated January 8, 2025

2 min read

Quoted experts

Dr. George Young,

Scott Anderson CPA

Below we've compiled a list of the most critical fund accountant skills. We ranked the top skills for fund accountants based on the percentage of resumes they appeared on. For example, 11.8% of fund accountant resumes contained reconciliations as a skill. Continue reading to find out what skills a fund accountant needs to be successful in the workplace.

15 fund accountant skills for your resume and career

1. Reconciliations

Here's how fund accountants use reconciliations:

Performed daily cash reconciliations; ensured accurate classification of income and principal receipts in compliance with the indentures and management agreements.
Work directly with investment operations, reconciliations, shareholder services and financial reporting teams internally to ensure external deadlines are met.

2. Calculation

Here's how fund accountants use calculation:

Prepared financial highlights for multiple companies to assure their performance fee calculation is being allocated accurately between restricted and unrestricted investors.
Redesigned the expense analysis model by incorporating advanced Excel formulas to enable automatic calculation of expense accruals each month.

3. Securities

Here's how fund accountants use securities:

Monitor halted/suspended domestic and international securities and notified Fund Custodian, and management of appropriate action taken via written documentation.
Researched significant company events that effect market price fluctuations and determine that securities are priced in accordance with stated procedures.

4. GAAP

Here's how fund accountants use gaap:

Balanced general ledger accounts and reported financial information, analyzed and documented material misstatements and resolved complex accounting issues under GAAP.
Prepared consolidated financial statements and footnote in compliance with GAAP and Company requirements related to Derivatives.

5. Accruals

Here's how fund accountants use accruals:

Confirmed money market yield movement and NAV accuracy through preliminary and final proofs for income accruals, security accretion and amortization.
Reconciled all daily accounting activities, calculated daily interest, verified dividends, income and expense accruals to ensure accurate reporting.

6. Journal Entries

Journal entries can be defined as an act of keeping or making records of any transactions either economic or non-economic. The journal entries are made in the accounting systems of an organization. The entries are filled with two main fields; debit and credit. The debit and credit must be equal at the end of a journal entry else it is not considered correct. The journal entries also keep the date of transactions and the names of the accounts that were affected by the transactions.

Here's how fund accountants use journal entries:

Facilitated in audit engagement by providing accounting analysis, journal entries, supporting documentation and including preparation of audited financial statements.
Prepared monthly journal entries and reconciled capital, sensitive and non-capital inventory purchases to the inventory database.

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7. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how fund accountants use financial statements:

Generated monthly reports such as asset comparisons and expense analysis, prepared various financial statements for semi-annual and annual audits.
Prepare monthly consolidated financial statements by gathering and analyzing data from multiple sources, including narrative disclosures to reconciling items.

8. Excellent Interpersonal

Here's how fund accountants use excellent interpersonal:

Established Corporate Accounting/Finance professional with excellent interpersonal skills and attention to detail.
Team oriented with excellent interpersonal and communication skills.

9. General Ledger

Here's how fund accountants use general ledger:

Maintained quarterly activity for all the general ledger accounting performed including reconciling the contribution, distribution, dividends and taxes accrued.
Performed daily maintenance of accounting books and records for mutual funds including entering and monitoring general ledger activity.

10. External Auditors

Here's how fund accountants use external auditors:

Collaborated with external auditors to provide partnership accounting services, including preparation and processing of transaction and financial reports.
Provided all documentation for restricted donor funds and unrestricted operating grants to external auditors annually.

11. Account Balances

When viewing one's bank account, the Account Balance is the information which represents how much money and of what kind is found on said account. It is often simply referred to as â€˜the balance'.

Here's how fund accountants use account balances:

Identified and verified current-day cash movements to ensure account balances matched detail to total and adhered to compliance/risk control procedures.
Calculated equity allocations and partnership capital account balances for General and Limited Partners and updated various supporting schedules.

12. Hedge Funds

A hedge fund is an investment partnership that has extensive liberty to invest aggressively and in a vast variety of financial products than most mutual funds. They are financial partnerships in which pooled funds are used and different strategies are employed to earn active returns for their investors.

Here's how fund accountants use hedge funds:

Conducted financial, operational and compliance audits of underlying investments/hedge funds to ensure strict adherence to investment guidelines.
Produced daily reconciliations of trades/position/cash across a wide range of financial instruments for prominent hedge funds.

13. Capital Calls

Here's how fund accountants use capital calls:

Prepared spreadsheets detailing investor's capital, including investor's entitlement during distributions and investor's liabilities during capital calls.
Reconciled investor capital calls, prepared partner allocation schedules and capital statements on a monthly basis.

14. Corporate Actions

Here's how fund accountants use corporate actions:

Researched and analyzed data of Mandatory and Voluntary corporate actions for over 1,500 equity funds to maintain them in data-warehouse.
Communicated daily with investors, account managers and large banks to verify account information pertaining to corporate actions.

15. Financial Reports

Here's how fund accountants use financial reports:

Assumed capacious responsibility to monitor reconciliation and verification of Month-end financial reports sent to subscribers of U.S. Public Funds.
Run and analyze moderately complex financial reports, often from multiple systems; prepare basic management information reports.

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What skills help Fund Accountants find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What skills stand out on fund accountant resumes?

Dr. George Young

Director, Florida Atlantic University

Skills pertaining to software, especially software used to analyze data for reasonableness, classification non-conformity, other errors, and fraud, will always be eye-catching to employers. Students should also not overlook participation in activities that represent a contribution to the greater good. Activities like Habitat for Humanity and the local Helping Hands organizations not only convey the willingness to benefit others but also conveys the skill of getting along with others while working on a common goal.

What fund accountant skills would you recommend for someone trying to advance their career?

Scott Anderson CPA

Lecturer, UC Santa Cruz

If a student is finishing up an undergraduate degree without the prospects for employment, I highly recommend looking at a Master's in Taxation or Master's in Accounting. A Master's in Taxation will especially pay dividends throughout one's career and is a highly sought-after degree. If additional education is not an option, then I suggest any job opportunities that would provide experience in sales or project management. These skills will always be valued by the accounting industry.

What soft skills should all fund accountants possess?

Charles Makar

Instructor of Business, Misericordia University

Communications skills (oral and written).

What hard/technical skills are most important for fund accountants?

Dr. Henri Akono Ph.D.

Associate Professor of Accounting, University of Maine Orono

-In today's environment, with greater usage of data big and small by companies, accountants are expected to have a better understanding of accounting analytics and a greater ability to analyze and identify patterns in data. Therefore, accounting analytics is a very important skill for accountants today.

-Just knowing excel is not enough. Being able to use software like excel QuickBooks for accounting/controllership/audit/tax-related decisions is a plus.
-In addition, being able to use visualization software like Tableau or Power BI is also a plus.
-Some type of analytics certification (Excel, general analytics, etc.) is a plus.

-However, this does not substitute for accounting-related knowledge and understanding.

Do you want to know more?

List of fund accountant skills to add to your resume

The most important skills for a fund accountant resume and required skills for a fund accountant to have include:

Reconciliations
Calculation
Securities
GAAP
Accruals
Journal Entries
Financial Statements
Excellent Interpersonal
General Ledger
External Auditors
Account Balances
Hedge Funds
Capital Calls
Corporate Actions
Financial Reports
Fixed Income

Mutual Funds
Balance Sheet
Derivative
Private Equity Funds
Work Ethic
NET Asset Value
Bloomberg
Taxation
Fund Portfolios
Equities
Trial Balance
Bank Reconciliations
Management Fees
Cash Management
Navs
Financial Data

Fund Performance
Ledgers
FX
AUM
Market Value
Bank Accounts
Compliance Reports
Tax Returns
Daily NET
Investor Statements
Wire Transfers
Management Reports
NASDAQ
State Street
Close Process

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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