Fund Accountant

Position Overview

We are seeking a highly skilled and detail-oriented Fund Accountant to join our dynamic team. In this pivotal role, you will play a critical part in supporting investment operations, ensuring regulatory compliance, and driving operational excellence across our fund administration and financial reporting functions. Your expertise will be instrumental in maintaining the accuracy and integrity of our financial processes, while also contributing to strategic initiatives that enhance our division’s performance and scalability. This position offers an opportunity to work in a collaborative environment, engage with cross-functional stakeholders, and lead initiatives that optimize workflows and team capabilities.

Key Responsibilities

• Investment Operations Support: Execute and oversee critical investment activities, including subscriptions, redemptions, capital calls, transfers, and corporate actions, ensuring seamless and accurate processing in alignment with fund objectives and regulatory requirements.
• Reconciliation and Valuation Oversight: Conduct thorough reconciliations of transactions, valuations, and investment returns with investment managers, custodian banks, and sub-fund administrators. Identify and resolve discrepancies promptly to maintain financial integrity and operational efficiency.
• NAV Pack Validation: Review and validate Net Asset Value (NAV) packs to ensure the accuracy of valuations, completeness of financial data, and adherence to reporting standards. Escalate discrepancies for resolution prior to final sign-off to uphold transparency and compliance.
• VAT Compliance and Optimization: Ensure that Value-Added Tax (VAT) claims are precise, fully compliant with regulatory frameworks, and optimized to maximize efficiency without exposing the firm to undue risk. Maintain meticulous documentation to support all claims.
• Audit Coordination: Assist with internal and external audits by providing accurate financial reporting, coordinating auditor requests, and facilitating the review process to ensure a smooth and compliant audit experience.
• Administrative and Document Management: Prepare and review administrative documents, including proposals and agreements, in a timely manner. Maintain a comprehensive internal archive for each investment manager, covering legal, compliance, operational, marketing, and financial materials to ensure accessibility and regulatory adherence.
• Regulatory Compliance and Risk Mitigation: Stay abreast of regulatory changes that impact the team’s operations. Proactively identify potential risks and recommend mitigation strategies to ensure ongoing compliance with evolving financial and investment regulations.
• Process Improvement and Automation: Streamline workflows through automation, process reviews, and the implementation of best practices. Enhance the team’s operational framework by identifying opportunities for efficiency gains and scalability.
• Team Leadership and Development: Evaluate, train, and develop team members to enhance their skills and performance. Provide guidance and mentorship to foster a high-performing and collaborative team environment.
• Stakeholder Collaboration: Lead cross-departmental and cross-divisional collaboration to ensure consistency in process implementation. Establish and maintain service level agreements with other departments to optimize interdepartmental efficiency and accountability.
• Reporting and Communication: Prepare and present regular financial reports for internal stakeholders and regulatory bodies, ensuring clarity, accuracy, and timeliness in all communications.

Qualifications and Skills

• Education: Bachelor’s degree in a business-oriented discipline such as Finance, Accounting, Economics, or a related field. An MBA in Finance or a professional finance qualification (e.g., CFA, CPA) is highly preferred.
• Professional Experience: Minimum of 3-5 years of hands-on experience in investment operations, fund administration, or a closely related role within the banking, asset management, or financial services sector. A proven track record in financial reporting, reconciliation, and regulatory compliance is essential.
• Technical and Analytical Skills: Strong knowledge of the financial and investment sector, including familiarity with fund structures, valuation methodologies, and regulatory frameworks. Exceptional analytical skills with the ability to interpret complex financial data and identify trends or discrepancies.
• Organizational and Time Management: Demonstrated ability to manage multiple priorities, meet deadlines, and maintain high levels of accuracy in a fast-paced environment. Strong organizational skills with a keen attention to detail.
• Communication and Collaboration: Excellent written and verbal communication skills, with the ability to liaise effectively with stakeholders at all levels. A collaborative mindset with a commitment to fostering teamwork and driving collective success.
• Regulatory Awareness: A thorough understanding of financial regulations, including VAT, GAAP, IFRS, and other relevant standards. Ability to adapt to changing regulatory landscapes and implement compliant practices.

Work Environment and Culture

At Sidra Capital, we are committed to fostering an inclusive, respectful, and empowering work environment where every individual is valued and supported. We adhere to Saudi Arabia labor laws and are dedicated to providing equal opportunities for all candidates, including individuals with disabilities. Our culture emphasizes collaboration, innovation, and professional growth, enabling employees to contribute meaningfully to our shared success. If you are a motivated professional seeking a challenging and rewarding career in fund accounting, we invite you to apply and become part of our growing team.