Mutual Fund Accountant

Summary:

• A Mutual Fund Accountant is primarily responsible for all aspects of day-to-day accounting for one or more assigned mutual funds and/or institutional portfolios.

Major Responsibilities:

• Prepare timely and accurate Net Assets Values, yields, distributions, and other fund accounting output for subsequent review.
• Record accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries.
• Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances.
• Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.
• Assist, as assigned, in preparing audit schedules, compliance reports, N-SARs, tax returns, financial statements, or other reports.
• Write reports periodically to management on Fund activities and other related issues.
• Research, as assigned, certain securities in Fund portfolios for the purpose of ensuring proper accounting treatment (such as the nature of distributions, original issue discounts.
• Institutional fund accounting processes also include preparing, reconciling and distributing reports to/from marketing, separate custodians and investment management.
• Participate in regular rotation of trade processing and other accounting processes to prepare the fund accounting system for the next day.