SUMMARY
The Intern, Fund Accounting will mirror the responsibilities of a Fund Accountant I and is responsible for the accurate and timely calculation of the Net Asset Value (NAV) for assigned funds of Ultimus Fund Solutions.
KEY ACCOUNTABILITIES
FUND ACCOUNTING
- Performs daily accounting functions for assigned funds to include calculating and delivering net asset values for various mutual funds.
- Updates and monitors daily trading, general ledger activity, and pricing of funds to ensure accuracy of daily NAV calculation.
- Ensures all fund transactions are properly posted to the accounting system.
- Applies accounting and finance principles to numerous asset types; primarily equity-like securities.
- Provides fund advisors with forecasted available cash for funds every morning in a quick and accurate manner.
- Performs special projects as assigned.
FUND RECONCILIATION
- Reconciles fund records to custodian, transfer agent, and portfolio groups daily.
- Prepares and reconciles daily trial balances for assigned funds.
WORKING RELATIONSHIPS
- Contact as needed with external business partners regarding general information, audits, inquiries, or reporting requirements.
- Collaborates with the Fund Accounting, Transfer Agency, and Middle Office departments, as needed.
May perform other duties as required and assigned.
EDUCATION AND EXPERIENCE
- Working towards a bachelorโs degree in accounting, finance, business, or related field.
- Equivalent education and experience will be considered.
KNOWLEDGE
- Accounting and finance principles for basic investment vehicles.
- Stocks, bonds, options, and futures.
- Microsoft Office Suite.
- Adobe Acrobat.
SKILLS AND ABILITIES
- Troubleshoots issues utilizing creative and critical thinking skills.
- Multitasking, analytical, and organizational skills.
- Initiative-taking, strategic, and meticulous approaches with a strong commitment to quality, efficiency, and effectiveness.
- Demonstrates personal integrity, responsibility, and accountability.
- Effectively uses resources such as time and information in conjunction with associates.
- Participates in solving problems and making decisions.
- Presents and expresses ideas and information, written and oral, clearly, and concisely.
- Actively listens to others to achieve understanding and supports an open exchange of ideas and information.
- Identifies needs, arranges for, and obtains resources to accomplish individual and department goals.
- Establishes and develops effective working relationships with associates and clientele during both favorable and unfavorable situations.
- Modifies team and individual priorities and deadlines in response to added information, changing conditions, or unexpected obstacles and ensures completion.