Roles and Responsibilities - Act as an intermediary between the funds and their investment managers and serve as the official record keeper for the funds.
• Prepare daily Net Assets Values, yields, distributions and other fund accounting output timely and accurately for subsequent review.
• Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards.
• Accurate and timely processing of all capital activities including subscriptions, redemptions, transfers, rollups, capital commitments and calls.
• Cash Management-managing the daily cash flow of trades and monitoring fund cash-flows. Process incoming and outgoing cash movements related to capital activity - Independently complete cash, portfolio and capital reconciliations and investigate and resolve any discrepancies - Preparation of Investor and Client reports including Audit confirmations, Trade confirmations etc.
• Responsible to communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
• Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.
• Correspond with external and internal stakeholders regarding day-to-day fund inquiries including entering security trades, fee payments, cash position breaks, and reconciliations