Accountant Fund
Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.
Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.
Role Summary
The Fund Accountant is responsible for the accurate and timely processing of investment transactions, security setup, reconciliations, and corporate action activities across multiple asset classes. The role supports daily fund accounting operations by ensuring data integrity, resolving reconciliation breaks, maintaining security master records, and contributing to accurate Net Asset Value (NAV) reporting while delivering exceptional client service and operational excellence.
Key Responsibilities
- Process and validate investment transactions across Equities, Fixed Income, Bonds, Mutual Funds, Retirement Funds, ABS and MBS.
- Perform daily trade processing and reconciliation of trades, cash and positions.
- Process and reconcile corporate actions including dividends, interest payments, and bond redemptions.
- Process spot and forward FX transactions.
- Calculate bond interest, mortgage paydowns, collateral movements, and cross-currency dividends using Bloomberg/IDC.
- Perform security setup and maintenance based on market data and client instructions.
- Execute record date reconciliations, entitlement adjustments, subscription/redemption reconciliations, cash wire validation.
- Investigate and resolve reconciliation breaks with custodians and internal accounting systems.
- Processing and reviewing Income and Expense accruals.
- Calculating variation Margin and processing entry accordingly
- Demonstrate strong understanding of NAV and operational impacts.
- Maintain operational accuracy while meeting SLAs, regulatory requirements and ensure compliance with internal controls
- Perform root cause analysis and recommend process improvements.
- Participation in automation, UAT, system implementations, and SOP documentation.
- Collaborate with global stakeholders.
Qualifications
- Bachelor’s degree in finance, Accounting, Commerce, or related discipline.
- 3-4 years of experience in Investment Banking, Fund Accounting, Asset Management, or Financial Services.
- Strong understanding of capital markets, mutual funds, fund accounting, trade lifecycle, investment operations and reconciliation.
Technical Skills
- Bloomberg, IDC or similar market data platforms.
- Microsoft Excel.
Behavioral Competencies
- Analytical thinking and problem-solving.
- Attention to detail and accuracy.
- Strong communication and stakeholder management.
- Ownership, accountability, and customer focus.
- Ability to work under deadlines.
- Flexible working in US shift
We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.