Fund Accountant

Fund Accountant – Join BlueFiveSidra in Jeddah

BlueFiveSidra is seeking a highly motivated and detail-oriented Fund Accountant to join our dynamic finance team in Jeddah. In this pivotal role, you will play a critical part in ensuring the accurate and timely preparation of financial statements, maintaining compliance with regulatory standards, and supporting the overall financial health of our organization. The ideal candidate will possess a strong background in fund accounting, exceptional analytical skills, and a commitment to delivering high-quality financial services.

Key Responsibilities

The Fund Accountant will be responsible for a wide range of financial duties, including but not limited to:

• Financial Reporting: Prepare and review monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS) and local regulatory requirements. Ensure accuracy, completeness, and timely submission of financial reports to stakeholders.
• Investment Accounting: Maintain detailed records of investment transactions, including purchases, sales, and valuations. Reconcile investment accounts and ensure alignment with portfolio management strategies.
• Compliance and Audit Support: Assist in the preparation for internal and external audits by providing accurate financial data and documentation. Ensure compliance with local and international accounting standards, as well as company policies and procedures.
• Cash Flow Management: Monitor and manage cash flow activities, including tracking receipts, disbursements, and fund transfers. Prepare cash flow forecasts to support strategic decision-making.
• Stakeholder Collaboration: Work closely with fund managers, auditors, and other finance professionals to ensure seamless operations and alignment with business objectives. Provide financial insights and recommendations to enhance fund performance.
• Process Improvement: Identify opportunities to streamline accounting processes, implement best practices, and leverage technology to improve efficiency and accuracy in financial reporting.

Qualifications and Experience

To excel in this role, candidates must meet the following requirements:

• Educational Background: Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications such as CPA, CFA, or ACCA are highly desirable.
• Professional Experience: Minimum of 3-5 years of progressive experience in fund accounting, preferably within the asset management or investment industry. Experience with hedge funds, private equity, or mutual funds is a strong plus.
• Technical Skills: Proficiency in accounting software (e.g., SAP, Oracle, or similar ERP systems) and advanced Excel skills. Familiarity with fund accounting systems and tools is essential.
• Analytical Abilities: Strong analytical and problem-solving skills with the ability to interpret complex financial data and provide actionable insights.
• Communication Skills: Excellent written and verbal communication skills in English; proficiency in Arabic is a plus. Ability to present financial information clearly and concisely to non-financial stakeholders.
• Attention to Detail: Meticulous attention to detail with a commitment to maintaining high standards of accuracy and compliance.

Why Join BlueFiveSidra?

As a valued member of BlueFiveSidra, you will benefit from a collaborative and innovative work environment, opportunities for professional growth, and the chance to contribute to the success of a leading organization in the finance sector. We offer competitive compensation packages, comprehensive benefits, and a supportive culture that values diversity and inclusion.

If you are a dedicated professional looking to advance your career in fund accounting, we encourage you to apply and become part of our success story.