Intern, Fund Accounting

Ultimus Fund Solutions; Omaha (NE); On-site; USD 24,796 - 33,062; Full time

Job summary

Ultimus Fund Solutions is seeking an Intern in Fund Accounting to mirror the responsibilities of a Fund Accountant I. The role focuses on accurate and timely NAV calculation for assigned funds, supporting daily accounting activities and fund price monitoring.

The internship involves updating trading data, GL activity, and pricing to ensure NAV integrity, while posting transactions to the accounting system and collaborating across departments as needed.

Qualifications

• Familiarity with accounting and finance principles for basic investment vehicles.
• Stocks, bonds, options, and futures knowledge.
• Microsoft Office Suite proficiency.
• Adobe Acrobat usage.

Responsibilities

• Performs daily accounting functions for assigned funds, including NAV calculations.
• Updates and monitors daily trading, GL activity, and pricing for NAV accuracy.
• Ensures fund transactions post correctly to the accounting system.
• Provides forecasted available cash for funds each morning.
• Performs special projects as assigned.

Skills

Analytical skills

Multitasking

Attention to detail

Communication

Problem solving

Education

Bachelor's degree in accounting, finance, business, or related field

Equivalent education and experience

Tools

Microsoft Office

Adobe Acrobat

Job description

Summary

The Intern, Fund Accounting will mirror the responsibilities of a Fund Accountant I and is responsible for the accurate and timely calculation of the Net Asset Value (NAV) for assigned funds of Ultimus Fund Solutions.

Key Accountabilities

Fund Accounting

• Performs daily accounting functions for assigned funds to include calculating and delivering net asset values for various mutual funds.


• Updates and monitors daily trading, general ledger activity, and pricing of funds to ensure accuracy of daily NAV calculation.


• Ensures all fund transactions are properly posted to the accounting system.


• Applies accounting and finance principles to numerous asset types; primarily equity-like securities.


• Provides fund advisors with forecasted available cash for funds every morning in a quick and accurate manner.


• Performs special projects as assigned.

Fund Reconciliation

• Reconciles fund records to custodian, transfer agent, and portfolio groups daily.


• Prepares and reconciles daily trial balances for assigned funds.

Working Relationships

• Contact as needed with external business partners regarding general information, audits, inquiries, or reporting requirements.


• Collaborates with the Fund Accounting, Transfer Agency, and Middle Office departments, as needed.

May perform other duties as required and assigned.

Education and Experience

• Working towards a bachelor\'s degree in accounting, finance, business, or related field.


• Equivalent education and experience will be considered.

Knowledge

• Accounting and finance principles for basic investment vehicles.


• Stocks, bonds, options, and futures.


• Microsoft Office Suite.


• Adobe Acrobat.

Skills and Abilities

• Troubleshoots issues utilizing creative and critical thinking skills.


• Multitasking, analytical, and organizational skills.


• Initiative-taking, strategic, and meticulous approaches with a strong commitment to quality, efficiency, and effectiveness.


• Demonstrates personal integrity, responsibility, and accountability.


• Effectively uses resources such as time and information in conjunction with associates.


• Participates in solving problems and making decisions.


• Presents and expresses ideas and information, written and oral, clearly, and concisely.


• Actively listens to others to achieve understanding and supports an open exchange of ideas and information.


• Identifies needs, arranges for, and obtains resources to accomplish individual and department goals.


• Establishes and develops effective working relationships with associates and clientele during both favorable and unfavorable situations.


• Modifies team and individual priorities and deadlines in response to added information, changing conditions, or unexpected obstacles and ensures completion.

Ultimus is an equal opportunity employer and does not discriminate on the basis of the applicant\'s or employee\'s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.