Fund Accounting


  • Review and understand the fund’s offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
  • Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
  • Calculate the NAV for a portfolio of complex investment funds on either a weekly, bi-weekly, monthly, and/or quarterly basis as specified by the client and as outlined in the administration agreement, which includes, among other things:
  • Track all cash items whether portfolio related, capital transactions or from non-portfolio and other income and expense items
  • Perform three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund
  • Obtain independent third-party pricing support where needed (i.e. from Bloomberg)
  • Calculate recurring fees as set out in various agreements (i.e. management & administration fee agreements)
  • Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses
  • Calculate and send out Estimated and Final NAV as required

Other Responsibilities

  • Prepare monthly, quarterly and annual financial reports
  • Complete audit confirmation requests
  • Respond to Investor due diligence requests
  • Liaise with the fund’s auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditor’s satisfaction
  • Process fees and expenses on behalf of the clients as directed by Administration Agreement and wire funds to third party service providers such as lawyers and auditors
  • Performance of general administration relating to client funds
  • Participate in special projects
  • Acquire or assist in new business conversions and reconciliation

Additional Job Functions

  • Other duties as required.


  • A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent);
  • 2 to 5 years’ experience in a similar role working with complex securities and derivatives products
  • High level of expertise and technical knowledge of alternative investment products, the offshore financial services industry including system technology, portfolio valuation, accounting, share transfer and registration, prime brokerage, financing and custody
  • A sound working knowledge of all Windows applications and ideally, knowledge of fund accounting applications
  • Strong work ethic
  • Demonstrate a keen attention to detail
  • Excellent interpersonal skills and strong team orientation
  • Experience of relationship management and client service
  • Excellent time management, organizational and prioritization skills
  • Excellent communication skills, both verbal and written
  • Experience in the financial services industry an asset  
  • Knowledge of different accounting methodologies (US GAAP, IFRS, Lux GAAP)
Job Category: Fund Accountancy
Job Type: Permanent
Job Location: Luxembourg

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