Senior Officer

Senior Officer

Our client is currently looking for a Senior Officer. The position is a full-time permanent role supporting fund accounting matters in the office. The Senior officer will report directly to the Head of his respective team.


  • To ensure the provision of high quality accounting, NAV generation and production of financial statements for a variety of funds
  • To assist in the implementation of fund administration systems
  • To assist and train less experienced members of the team
  • Revalue and/or review fund portfolios and perform follow-up on exceptions noted
  • Validate the completeness and accuracy of trade capture
  • Perform procedures to ensure the completeness of income
  • Set up fixed/variable fee expense accruals and perform periodic reviews to ensure accuracy
  • Review accounting for corporate actions
  • Review accounting for subscriptions and redemptions
  • Generate NAV calculations within agreed deadlines and complete checklists to ensure the accuracy of this process
  • Liaise with investment managers, custodians and sub-administrators in relation to matters regarding the production of the NAV
  • Assist in the preparation for the audit of fund administration clients and liaise with auditors
  • Prepare financial statements under IFRS
  • Keep abreast of accounting developments and their impact on the funds industry
  • Ensure consistent application of the firm’s policies and procedures at all times
  • Review bank reconciliations and follow up on reconciling items

Skills and experience required

  • At least 3 to 4 years’ experience working in a similar role
  • ACCA qualification or equivalent
  • Clear understanding of the operation of funds and the role and responsibilities of all parties involved
  • Understanding of all relevant fund documentation, including material contracts (prospectus, management agreement, custodian agreement, administration agreement etc.)
  • Clear understanding of pricing and valuation techniques of the asset classes in the funds under administration
  • Understanding of the operational risks of the Fund Administration department and how the various procedures in place address these risks
  • Understanding of fund accounting principles, methods and reporting, including income distribution mechanics, calculations of performance fees and equalisation techniques (for income distributions and performance fees)
  • Ability to prepare financial statements including disclosures in compliance with IFRS
  • Ability to develop a working knowledge of the fund administration IT systems in use; excellent command of Excel
  • A commitment to providing quality service to all clients serviced by the Fund Administration department
  • Ability to communicate and present information clearly and accurately and in a timely manner to staff, clients, and other third parties (custodians, investment managers etc.)
  • Ability to keep team members aware of progress and to communicate issues in a timely manner
  • Ability to be a team player
  • Ability to work within tight timeframes and to a very high standard
  • Proactive in contributing towards the improvement of systems and procedures