Fund accountants look after portfolios, mutual funds and hedge funds. Their duties include:
Assessing the fund’s net asset value
Compiling financial statements
Reporting and recording expenses related to the funds management and upkeep
Provide analysis on the state of funds
Investigate opportunities in the investment market
Prepare compliance reports
Like other accounting positons, fund accountants are expected to have a solid grasp of mathematics and great organisational skills. However, this role requires more market savvy and detail orientation than other accounting positions, as they have to understand the funds place in the larger market and spot investment opportunities when they present themselves.
Fund accountants generally have an undergraduate or master’s qualification in accounting or business, or a diploma of accounting. In this field, education and qualifications matter hugely, and professionals in this field would be advised to attend further education and professional development.