SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Job Description
The Fund Accountant is responsible for managing the accounting books of an assigned fund. Also ensuring that the balance sheet and profit and loss account are accurately reported on a timely basis within tight deadlines, and makes certain strong internal controls are maintained in accordance with financial policies.
Principle Accountabilities:
- Daily Accounting
• Handle accounting for assigned moderate to complex funds, including review of daily price control checks, P&L reasonableness, inter system reconciliations, ensuring that reconciling items are investigated and resolved, or escalated in a timely manner.
• Ensure controls are in place and accounts are accurate on a daily basis, providing clear and accurate management information to support decision-making.
- Month End Tasks
• Fully reconcile the month end trial balance to independent support for the assigned moderate to complex funds.
• Prepare month end balance sheet reconciliation (“ME pack”) fully supported with source documentation.
• Provide insightful commentary for balance sheet and P&L movements.
• Ensure balance sheet is reported in accordance with relevant accounting standards, Investment Company Audit Guide and accounting policies as appropriate.
• Prepare and review partner capital statements
• Prepare and review limited partner and general partner allocations
• Prepare and review trial balances and supporting work papers
• Review capital activity that pertains to the funds including capital calls, distributions, and transfers
• Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
- Price Products
• Daily and monthly product pricing for assigned funds.
• Understanding the pricing methodology and valuation models for applicable products in sufficient detail to be able to ensure absolute accuracy.
- Other responsibilities
• Prepare yearend audit financial statements and audit packs
• Answer ad hoc questions from various groups including auditors (internal and external), and the global peer group.
• Work with portfolio manager and traders for the assigned fund to improve knowledge of financial products and trading strategies.
• Work with team members in Operations, Investor Services function as necessary.
Required:
• University degree in finance/accounting or commensurate experience
• 4+ years of relevant experience in the financial industry
• Strong analytical skills and business acumen
• Strong organizational skills and attention to detail
• Strong verbal and written communication skills
• Strong dispute resolution and effective problem solving skills
• Proven team work skills; able to recognize where you can help the team complete all daily and monthly tasks.
• Demonstrated customer service and continuous improvement focus
• Knowledge of US GAAP and IFRS
• Experience in audit and Financial statements preparation desired
• Audit/Control Minded
• Ability to work in changing, fast-paced work environment
• Experience with hedge fund and private equity accounting
• Knowledge of the investor accounting and reporting process for private equity funds including (but not limited to) capital calls, transfers, distributions, rebalancing, waterfall calculations, clawbacks, carried interest, management fees, side pockets, special allocations, opt in/out, hurdle and catch-up rates, and IRR calculations
• Familiar with alternative investment fund structures including (but not limited to) master/feeder, stand alone, fund of funds, and share based/capital accounts
• Experience with Advent Geneva preferred
Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.
SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.
