Fund Accountant

Phaxis; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

A financial services company based in New York seeks a candidate for a critical role involving the calculation and validation of Net Asset Values (NAV) of mutual funds. Responsibilities include preparing reconciliations, validating pricing, and managing audits for financial statements. Candidates must be proficient in MS Excel with exposure to audits and a strong understanding of risk frameworks. The role will also consider initiatives for automation and transformations, providing an engaging and supportive financial environment.

Responsibilities

• Calculate and validate Net Asset Values (NAV) of Mutual funds and Pension Funds.
• Prepare Cash/Position/Market Value Reconciliations.
• Validate pricing of the portfolio and analyze pricing exceptions.
• Independently validate corporate actions and dividends/interest reconciliations.
• Review and validate OTC transactions in FA books.
• Finalize daily and periodic NAVs of the Funds & Distributions.

Skills

Proficiency in MS Excel

Exposure to audits (internal and external)

Experience in implementing automation/transformation initiatives

Familiarity with Trust Desk and Addvantage

Job description

Day-to-Day Responsibilities

• Calculate and validate Net Asset Values (NAV) of Mutual funds and Pension Funds on a daily, monthly, or periodic basis.
• Prepare Cash/Position/Market Value Reconciliations and resolve any discrepancies.
• Validate the pricing of the portfolio and analyze any pricing exceptions.
• Independently validate:
  • Corporate actions booked in the system.
  • Dividends/Interest Reconciliation with Broker reports.
  • Accruals/amortization of daily or monthly non-security related fee accruals, including management fees and financing accruals.
  • Capital Activities of the fund.
• Review and validate OTC transactions booked in FA books.
• Finalize the daily and periodic NAVs of the Funds & Distributions independently.
• Manage and support audits for funds in the preparation of financial statements.

Skills Required

• Proficiency in MS Excel.
• Exposure to audits (internal and external) with a strong understanding of Risk and Control frameworks.
• Experience in implementing automation/transformation ideas/initiatives is desirable.
• Familiarity with applications like Trust Desk and Addvantage is an added advantage.