Fund Accountant

P2P; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Fund Accountant to ensure accurate fund valuations and compliance with regulatory standards. This role involves reviewing fund expenses, coordinating payments, and reconciling NAV calculations. You will work closely with fund administrators and senior management to optimize fund operations and support project-based initiatives. If you have a strong accounting background and excel in a regulated financial environment, this opportunity offers a chance to contribute to a leading firm in the hedge fund space while developing your career in finance.

Qualifications

• Accounting qualification or progress towards one is essential.
• Experience in a regulated financial environment is preferred.

Responsibilities

• Review fund expenses and assist with annual fund budgets.
• Prepare and review daily trading P&L reports and validate market prices.

Skills

Accounting qualification (ACA, CIMA, ACCA)

NAV control environment understanding

Strong Excel skills

Experience in regulated financial environments

Price verification processes

Education

Accounting qualification or working towards one

Job description

JOB TITLE:

Fund Accountant

LOCATION:

London or Jersey

JOB SPECIFICATION

COMPANY/DEPARTMENTAL OVERVIEW

The Firm:

Brevan Howard Asset Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds.

Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003. The firm currently manages over $35bn and engages predominantly in discretionary directional and relative value trading in fixed income, FX markets, and equities. BH Digital, a division within Brevan Howard that manages crypto and digital asset strategies, was launched in 2022.

The firm employs over 1,100 personnel worldwide, including over 400 investment professionals. This global presence allows Brevan Howard to identify and source attractive investment opportunities and talent globally. The firm has received several industry awards for excellence in risk management, operational robustness, and investment performance.

Main hubs are located in London, Jersey, Geneva, New York, Austin, Hong Kong, Singapore, and Abu Dhabi.

Source: BHAM: 1: Data as at 30 December 2022

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

Essential Responsibilities:

• Fund Expense review and payment coordination: Review fund expenses, assist with annual fund budgets, and produce TERs.
• NAV Review and Reconciliation: Review daily and monthly NAV calculations, reconcile internal records with Fund Administrator reports to ensure accuracy.
• Oversight of Key Reconciliations: Monitor and review key reconciliations such as cash, securities, and derivatives, ensuring alignment with the portfolio.
• Ad-Hoc Query Assistance: Respond to queries from senior management, traders, administrators, investors, and auditors regarding fund performance and financials.
• Project-Based Support: Assist with process improvements, system enhancements, and product development initiatives to optimize fund operations.
• Investor Allocations and Fee Review: Prepare investor allocations for accuracy and review management and performance fees per fund documents.
• Month-End Close Process: Contribute to month-end closing activities by reconciling financial statements and ensuring timely NAV submission.
• Regulatory Compliance: Ensure compliance with accounting policies and regulatory requirements, staying updated on relevant changes.
• Liaison with Fund Administrators: Work closely with fund administrators to resolve issues promptly and ensure accurate daily NAV calculations.
• Daily P&L Production and Analysis: Prepare and review daily trading P&L reports, analyze variances, and verify trading positions across asset classes.
• Price Verification: Validate market prices for trading positions to ensure accurate fund valuations.

PERSON SPECIFICATION

WORK EXPERIENCE/BACKGROUND:

• Accounting qualification or working towards one – ACA, CIMA, ACCA (or equivalent).
• Experience working in a regulated financial environment.

TECHNICAL/BUSINESS SKILLS & KNOWLEDGE:

• Understanding of NAV control environment and valuation issues.
• Strong working knowledge of Excel.
• Experience with price verification processes.