Head of Fund Accounting

  • Location:

    City of London, London

  • Sector:

    Asset Management, Finance at Goodman Masson

  • Job type:


  • Salary:

    £65000 - £85000 per annum + bonus

  • Contact:

    Ian McGill

  • Job ref:


  • Published:

    8 months ago

  • Expiry date:


  • Startdate:


Head of Fund Accounting

I am currently recruiting for a Senior Fund Accountant for a Hedge Fund based in the City. While they are relatively young they have grown quickly and already have nearly £2bn AUM.

They are ideally looking for someone with Fund Accounting experience from either a fund administrator or a similar investment management business. The main product knowledge required is for asset-backed securities / derivatives / swaps.

This role doesn't manage a team as the fund accounting is outsourced so you will be shadowing the NAV and updating as necessary. With oversight of a number of funds this is a very broad role with a lot of responsibility.

Key responsibilities:

The primary responsibilities of the Head of Fund Accounting will include, but not be limited to;

  • MonthlyNAV Reconciliation to Fund Admin(s)
    • Monthly security pricing, market value and pricing method. Ensuring compliance with multiple valuation policies, following up with pricing providers and trading counterparties and compiling and minuting valuation data for committee.
    • Reconciliation of monthly gross P&L by line item and P&L type (realised, unrealised, carry, financing).
    • Creation, maintenance and reconciliation of appropriate expense accruals for each fund.
    • Booking and reconciliation of capital transactions (subscriptions, redemptions, transfers, share class switches etc).
    • Income allocation to underlying investors as well as calculation of management and incentive fees across multiple share classes (fee structure, class currency, separate revenue stream etc)
  • Development & maintenance of accounting models for direct lending investments and reconciliation of cash and accruals to local admin.
  • Oversight of annual fund audits including;
    • Providing additional information and calculations to both funds administrator and external auditors.
    • Ensuring specific audit requirements are adhered to (US GAAP, IFRS, new SFTR requirements).
    • Answering ad-hoc queries from external auditors and liaising with trading desk, legal counsel, operations teams.
  • Tax support including;
    • Provision of data and calculations to support UK Reporting Fund Status calculations.
    • Provision of data to support US tax compliance.
    • Tracking of additional relevant data to support tax analysis - e.g. PFIC investments.
  • Production ofMIS including but not limited to;
    • Monthly attribution analysis.
    • Monthly/ YTD/ LTD return data across all funds/share classes.
    • Investor related analytics.
    • Investor liquidity profiles.
    • Monthly paid and accrued fee tracking.
  • Supporting and contributing to external reporting including but not limited to;
    • Annex IV
    • Investor Newsletters
    • Ad-hoc investor queries


* Qualified accountant;
* Strong Attention to detail;
* Works well under pressure;
* Able to explain complex matters clearly and thoughtfully;

* Familiarity with ABS, CDS, TRS and Repo


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