What are the responsibilities and job description for the Fund Accountant position at SR Talent Solution Inc.?
Job Title: Finance - Fund Accountant
Work Location: Pittsburgh, PA
Duration: Long term
Job Description: Overview
We’re seeking an entry-level accountant to support bank loan position servicing within mutual funds. You will prepare the daily reconciliation processes and help manage lifecycle events for bank loans under the guidance of senior team members. The role involves hands-on work in Excel and operational platforms, close coordination with internal partners, and a strong focus on control, accuracy, and timeliness.
Key Responsibilities
• Assist with core lifecycle activities for bank loan positions within mutual funds:
o Process trade settlements and funding tasks
o Process daily interest accruals and tie back to the accounting system ledger
o Process paydowns, restructures, and amendments
o Process bank loan fees as per the sub-ledger or custody cash posting
• Perform daily cash and position reconciliations across accounting systems, administrators/custodians, and sub-ledger data; add comments for breaks and assist in resolution or escalation.
• Prepare accounting system transaction loaders for basic journal entries and supporting schedules; ensure tie-outs and clear audit trails under standard procedures.
• Support month/quarter-end close activities: follow cutoff timelines, prepare variance explanations, and contribute to certifications and control attestations.
• Maintain checklists, SOPs, and control documentation related to loan lifecycle events, reconciliations, and NAV processes.
• Collaborate with Clients, Portfolio Management, NAV Operations, Custody, Loan Administration, Compliance, and Technology; communicate clearly and professionally.
• Track exceptions and assist in root-cause analyses; contribute ideas for process improvements, data quality checks, and simple automation (primarily in Excel and self-service tools).
• Support ad hoc requests, regulatory/audit inquiries, and change initiatives impacting bank loan workflows, systems, or reporting.
Qualifications
• Bachelor’s degree in Business, Accounting, Finance, Economics, or Mathematics
• 0–3 years of experience in fund accounting, investment operations, or a related field; internships or co-ops in asset management a plus.
• Basic understanding of mutual fund accounting concepts under U.S. GAAP; willingness to learn bank loan mechanics and NAV principles.
• Foundational reconciliation skills (cash and positions); ability to follow procedures to research and clear breaks.
• Proficiency with Excel (formulas, pivot tables, lookups); eagerness to build advanced skills and maintain audit-ready workpapers.
• Exposure to Solvas is helpful; strong aptitude to learn new systems and workflows quickly.
• Strong attention to detail, organizational skills, and documentation discipline; ability to meet daily deadlines in a fast-paced environment.
• Clear and professional communication skills; collaborative, proactive, and receptive to feedback.
• CPA eligibility or interest in professional certification is a plus (not required).
Competencies
• Ownership mindset; takes responsibility for tasks, follows through, and asks thoughtful questions.
• Client-service orientation with a focus on accuracy and timeliness.
• Continuous learning and improvement; openness to new tools, data checks, and process efficiencies.
• Team collaboration and communication across internal and external stakeholders.
• Risk awareness and control discipline; diligent in escalating issues and documenting decisions per guidance