- Job Role: Fund Accountant
- Salary: Not Disclosed
- Location: Bengaluru
- Company: HSBC
- Qualifications: Bachelor’s degree
ABOUT HSBC
HSBC is one of the global’s largest banking and monetary services businesses, serving masses of lots of clients across over 60 global locations and territories. Established in 1865 in Hong Kong, it affords a large variety of offerings, including retail banking, enterprise banking, funding banking, wealth manipulation, and global markets. HSBC is devoted to supporting sustainable economic growth and fostering economic inclusion, with a focus on delivering cost for customers and shareholders alike.
The bank has a robust presence in each rising and advanced market, with a particular emphasis on Asia, Europe, and North America. As a leading international business enterprise, HSBC strives to make a splendid impact on society through responsible enterprise practices, ethical governance, and environmental sustainability tasks. It is based totally in London and listed at the London, Hong Kong, and New York Stock Exchanges.
Job Description:
A Fund Accountant is chargeable for coping with the monetary operations of funding funds, ensuring accurate and properly timed monetary reporting. Key obligations embody calculating internet asset values (NAVs), making ready monetary statements, reconciling payments, and processing transactions. The function entails walking carefully with portfolio managers, auditors, and clients to ensure compliance with regulatory requirements and industry standards. Fund Accountants additionally reveal cash flows, and song performance, and offer targeted reviews for stakeholders. Strong hobby for detail, economic acumen, and talent in accounting software program programs are vital for achievement in this position.
Role and Responsibilities of a Fund Accountant:
A Fund Accountant plays a vital role in the monetary control of the funding fee range, ensuring that all economic transactions, reporting, and compliance necessities are met because they must be correct. This function calls for deep know-how of accounting principles, economic reporting standards, and the intricacies of investment fund systems.
Key Responsibilities:
- Net Asset Value (NAV) Calculation: Calculate each day, weekly, or month-to-month Net Asset Values (NAVs) of the price range, ensuring that they’re as they should be determined based on the property and liabilities held inside the fund.
- Financial Statement Preparation: Prepare and assess economic statements for severa kinds of price range, which incorporates balance sheets, earnings statements, and cash float statements, ensuring compliance with applicable accounting requirements (e.g., GAAP, IFRS).
- Reconciliation: Perform genuine reconciliations of coins, securities, and positions amongst internal structures and outside custodians, brokers, or extraordinary zero.33 occasions to make certain accuracy.
- Transaction Processing: Process each day transactions, collectively with purchases, profits, profits accruals, and corporation moves (together with dividend payments, stock splits, and mergers).
- Reporting and Analysis: Generate monthly, quarterly, and annual reviews for internal and out-of-do stakeholders consisting of usual performance reviews, rate calculations, and investor statements.
- Compliance and Regulatory Reporting: Ensure adherence to regulatory requirements (in conjunction with SEC, IRS, or different relevant oudies) and fund-specific tips. Assist with audit approaches and provide required documentation.
- Client Interaction: Communicate with portfolio managers, auditors, and customers to provide monetary facts, and address queries, and treatment discrepancies.
- Performance Tracking: Monitor the fund’s monetary common overall performance and report on variances, highlighting potential dangers or problems.
Skills and Qualifications:
- Technical Accounting Knowledge: Strong expertise in accounting ideas, inclusive of GAAP, IFRS, and fund-particular accounting standards.
- Analytical Skills: Ability to research complex monetary facts, understand discrepancies, and solve problems efficaciously.
- Attention to Detail: Accuracy in performing calculations, making equipped economic statements, and reconciling transactions is essential.
- Software Proficiency: Knowledge of monetary accounting systems (e.g., NAV calculation structures), Microsoft Excel, and other monetary gear.
- Communication Skills: Effective verbal and written verbal exchange competencies to have interaction with clients, auditors, and internal groups.
- Time Management: Ability to manipulate a couple of obligations and meet tight time limits, in particular inside the direction of month-give up and vicinity-stop reporting intervals.
- Bachelor’s Degree: Typically in Accounting, Finance, or an associated field; professiocert ificationsions, CPA, CFA) is a plus.
- Knowledge of Investment Products: Familiarity with various monetary contraptions which include equities, consistent income, derivatives, and personal equity is vital.
Click Here to Apply Now
More Other Job’s
Tesla Hiring Advisor Sales Job 2025
Unilever Remote Job Opportunity in Mumbai
PayPal Recruitment Marketing Data Scientist Role
Disney Remote Part-Time Jobs Data Entry In India
Note: We are also on WhatsApp, LinkedIn, Instagram, and Facebook, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Instagram– Click Here, Facebook – Click Here, and LinkedIn– Click Here
