CCS Fund Accounting

Job Description: Senior Specialist / Lead – CCS Fund Accounting

Job Overview

We are seeking an experienced and highly analytical Fund Accounting Specialist to oversee and execute end-to-end investment fund accounting operations. The ideal candidate must possess deep expertise in Net Asset Value (NAV) calculation, GL mapping and integration, complex reconciliations, fund conversions, and client onboarding. You will be responsible for managing financial books, performing break investigations, handling FX spot/forward trade life cycles, and ensuring rigorous accounting standards across diverse investment fund structures.

Key Responsibilities

1. End-to-End Fund Accounting & NAV Calculation

• Perform accurate end-to-end accounting processing and compute precise Net Asset Value (NAV) calculations on a daily, weekly, or monthly basis.
• Maintain General Ledger (GL) and subledger accounting entries in strict compliance with GAAP/IFRS and accrual accounting principles.
• Manage balance sheet components, ensuring proper accounting for assets, liabilities, accruals, and partner/investor capital accounts.
• Execute accurate accrual accounting entries for interest, dividends, corporate actions, and fund expenses.

2. Reconciliations & Complex Recon

• Perform daily/periodic cash reconciliation and position reconciliation across prime brokers, custodians, and counterparties.
• Handle complex reconciliations involving multi-currency transactions, derivative instruments, and complex asset classes.
• Lead break investigation and troubleshooting to identify root causes of discrepancy, driving timely resolution of cash and position variances.

3. GL Mapping, Integration & Fund Conversion

• Lead GL mapping and GL integration initiatives when onboarding new accounting platforms, systems, or fund structures.
• Execute fund conversions, transitioning historic financial records, portfolio holdings, trial balances, and investor data from legacy systems or previous administrators smoothly.
• Participate actively in client onboarding – accounting, designing customized accounting operational setups, chart of accounts, and workflows for new clients.

4. Expense Management & Allocation

• Perform precise expense calculations and execute complex expense allocation methodologies across distinct fund series, share classes, or legal entities.
• Oversee expense budgeting, accrual tracking, vendor payment reconciliations, and cap/yield analysis for funds.

5. Trade Lifecycle & FX / Derivatives Accounting

• Monitor and process trades across the entire trade lifecycle, from execution through settlement to accounting post-trade operations.
• Account for foreign exchange transactions with a solid functional understanding of Spot & Forward contracts, including valuation, accounting for spot vs. forward rates, unrealized/realized FX gains/losses, and currency hedging instruments.

Mandatory Skills & Qualifications

• Core Accounting: Deep expertise in Fund Accounting / Investment Accounting, General Ledger (GL) & Subledger Accounting, and Accrual Accounting Concepts.
• Hands-on Experience Required:
• NAV Calculation and trial balance closure.
• Complex Reconciliations (Cash, Position, FX, and Multi-Currency Breaks).
• Fund Conversion and legacy data migration.
• End-to-End Accounting processes.
• Product & Domain Knowledge: Strong understanding of various Investment Funds and different Fund Types (Hedge Funds, Mutual Funds, Private Equity, Real Estate, ETFs, etc.).
• Financial Instruments: Functional grasp of the Trade Lifecycle, along with specialized knowledge of Spot & Forward contracts (Spot vs. Forward differentiation and valuation).
• Technical Integration: Proven experience in GL Mapping / GL Integration and setup of accounting systems.
• Client Onboarding: Hands-on experience in Client Onboarding – Accounting workflows and client migration.

Key Performance Competencies

• Strong analytical and problem-solving ability for break investigation / troubleshooting.
• High attention to detail in balance sheet reconciliation and expense budgeting/allocation.
• Excellent verbal and written communication skills to interact with custodians, prime brokers, auditors, and external fund managers.