Fund Accountant / Associate

Fund Accountant / Associate

Black Pearl
10-13 years
Not Specified

Job Description

A new role has come up with a well-known financial services in Abu Dhabi. Our client is looking for a Fund Accountant - Financial Reporting. In this role, you will have the following responsibilities:

  • Review of the entire investment portfolio on a monthly basis to identify investments for which non-standard pricing sources require to be utilized as per Investment Pricing Policy.
  • Draft memos for the Valuation Working Group (part of the IOC) for all investments on a quarterly basis for non - standard pricing sources including external valuations, valuation overrides by AFS - FA and valuations prepared using financial statements.
  • Responsible for three-way reconciliation between NAV statement, audit confirmations share in the net assets as per audited financial statements.
  • Perform a variance analysis on a quarterly basis and reach out to fund managers to obtain details where change in valuation is more than defined tolerance levels.
  • Review of the audited FS for investments on an annual basis.
  • Review to cover audit opinion, accounting policies and principles used for the preparation of financial statements.
  • Develop sustainable processes with respect to new investments and investment strategies in coordination with the fund accounting teams, in order to capture pricing information and report on it.
  • Assistance with the verification of weekly pricing of investment securities and analyzing variances above threshold using independent pricing sources as well as information provided by the external fund administrator, to confirm accurate pricing of the portfolio.
  • Assist in the implementation of new accounting systems by providing input and direction to the IT teams for areas assigned. Participate as a business user to develop and enhance systems, as required.
  • Liaison with investment departments to identify potential valuation issues, suggesting improvements to controls, carry out performance analysis, financial forecasts and other ad hoc reports.
  • Develop reporting functionalities on business intelligence software to improve analysis and reduce reporting errors.
  • Carry out other similar or related duties as required.


In this role, you need to meet the following criteria:

  • Must have a bachelor degree in Finance/Accounting and MBA
  • A fully qualified CA or CFA is preferred
  • 10 years of total experience and a minimum of 3 years of experience post CA in similar or complementary roles within financial institutions or departments dedicated to Financial Institutions
  • Work experience in the UAE
  • Strong Excel Skills
  • Knowledge of General Asset Classes
  • Good understanding of financial products
  • Candidates who have worked in an institution where they worked in Fund Accounting or BIG 4 shall be considered. (State Street, Citco, Northern Trust, Maple, Apex) of a Fund Administration Firm

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Disclaimer: Black Pearl will never ask for money or any form to charge our candidates just to process or consider their application for any of our available vacancies. If you happen to receive such request from any members of our staff or other individuals claiming to be part of Black Pearl, please do call our office at +9712 622 55 03 or drop us a message on our website - .

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