Senior Fund Accountant

Full job description
Position Purpose

The Fund Administration Team is a customer-focused team servicing Asset Owners and Asset Managers. Asset Owners consist of Life Insurance Funds, Sovereign Wealth Funds and Superannuation Funds. Asset Managers manage Trusts and Managed Funds

The teams are responsible for the generation of accurate client service including:
Unit Pricing
Fund Accounting
Reporting
Tax administrative services

They have extensive interaction and dealings with various managers and teams within the Operations Division including Fund Administration colleagues, Investment Administration teams, Custody Operations and other internal BNP Paribas Securities Services teams namely the Risk Control Finance function and Relationship Management.

All services delivered by this team are required to consider current legislative and regulatory requirements and they must comply with operational risk guidelines. Also the investigation, management and resolution of any client queries and issues which are directed to the team. Finally the team supports the ongoing fulfilment of service delivery to clients through representation alongside the Relationship Management function.

The role of Senior Fund Accountant plays an important role in supporting the service delivery of the Fund Administration team and acting as a mentor to the Fund Accountant. The Senior Fund Accountant verifies and reviews the work of the Fund Accountants who prepare and produce accurate and quality reporting in line with SLA targets. Specifically the generation of:
Regulatory reporting
Statutory reporting
Unit pricing reports
Accounting reports
Tax reports; and
Resolution of client and or interdepartmental issues and ad hoc queries

All reports generated should be of a standard consistent with policies and meet legislative requirements. The Senior Fund Accountant also calculates and / or performs first level review in relation to Tax Services including BAS/GST, distributions, taxable income computations and tax returns on behalf of clients. As such they must have sound numeracy and analytical ability and they are capable and pro-active in problem solving and resolution. They gain satisfaction through completing quality work and finalising tasks to required timelines.

Responsibilities

Senior Fund Accountants will have direct client contact as they are responsible for the accurate and timely delivery of Client reports in accordance with SLA’s. This can include unit pricing, month end report packs, distribution calculations, taxable income calculation and BAS/ GST once reports have been verified as correct.

Their role also comprises substantial inter-departmental contact and as such they require excellent interpersonal ability as well as the ability to interact with clients and deal with queries and technical issues in a professional and a calm manor. They have a service ethic and a quality focus applied in the way they operate and the work they produce. As required, they investigate and assist with ad-hoc queries. They consider and meet operational risk and compliance requirements in their work preparation and they maintain relevant compliance records.

They contribute to building and sustaining client relationships by supporting the efforts of the Account Managers, Client Service Managers and the broader team. They are motivated to achieve individual and team goals and to growing their technical ability and knowledge. They do this through participation in on-the-job training and education, remaining aware of policy and regulatory change. They share their knowledge freely. They also ensure their technical development is current through ongoing study or participation in industry groups.

Technical and Behavioral Competencies required

Technical
Experience in fund accounting, unit pricing and a good understanding of tax services.
Technical accounting ability. Knowledge of fund accounting, unit pricing, reporting and Tax and related operational risk and compliance requirements of the client service function.
Systems experience and understanding of Hi-Portfolio, PControl unit pricing system and MS Word Excel

Behavioural
Accountability - Committed to achieving the organisation’s objectives. Demonstrates perseverance and is accountable for own actions.
Attention to detail - Ensures accuracy and implements processes to ensure quality of output. Ensures high personal standards in all areas of work
Client Focus - Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market
Commitment - Committed to our customers, shareholders and employees. Demonstrates enthusiasm towards the organization and motivation to add value and be part of the organization. Read more