What Is the Job Description of a Fund Accountant?

In general, a fund accountant is responsible for preparing a variety of financial reports, controlling transactions and acting as a liaison between clients and the company. While specific duties may vary, a fund accountant should be a team player and be competent in problem solving and customer service.

A fund accountant is an integral part of a corporation's accounting and finance department. Examples of the type of clients with whom this position interacts are investment managers and fund investors. In many companies, the fund accountant reports directly to the fund accounting supervisor. Some prerequisites for the position might include:

  • A bachelor's degree in accounting, finance or economics. Sometimes a professional designation such as a certified public accountant, or CPA, or a chartered financial analyst, or CFA, are accepted in place of or in addition to a degree.
  • Excellent verbal and written skills are required, since this position deals heavily with the public.
  • A person in this position should enjoy working with numbers and investment figures.

In addition to preparing reports and overseeing transactions, the job of a fund accountant may include other duties as well. Some examples could be:

  • Calculating the Net Asset Values of various clients' funds
  • Review data for and report on any irregularities in the fund's activity
  • Reconciliation of cash and assets