Fund Accountant

JOB TITLE: 

Fund Accountant  

LOCATION: 

London or Jersey  

JOB SPECIFICATION 

COMPANY/DEPARTMENTAL OVERVIEW 

The Firm:       

Brevan Howard Asset Management is one of the leading absolute return/hedge fund managers, overseeing assets on behalf of institutional investors from around the world, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds. 

Brevan Howard was founded in 2002 and launched its flagship global macro strategy in April 2003. The firm currently manages over $35bn and engages predominantly in discretionary directional and relative value trading in fixed income, FX markets, and equities. BH Digital, a division within Brevan Howard that manages crypto and digital asset strategies was launched in 2022. 

The firm currently employs over 1,100 personnel worldwide, including over 400 investment professionals. This global presence gives Brevan Howard the ability to identify and source attractive investment opportunities, as well as investment management talent wherever they may be. Brevan Howard has won several industry awards for excellence in risk management, operational robustness, and investment performance. 

The firm’s main hubs are in London, Jersey, Geneva, New York, Austin, Hong Kong, Singapore, and Abu Dhabi. 

Source: BHAM: 1: Data as at 30 December 2022  

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:   

Essential Responsibilities:  

Fund Expense review and payment coordination: Reviewing fund expenses, assist with annual fund budgets and produce TERs. 

NAV Review and Reconciliation: Review daily and monthly NAV calculations, reconciling internal records with Fund Administrator reports to ensure consistency and accuracy. 

Oversight of Key Reconciliations: Monitor and review key reconciliations, such as cash, securities, and derivatives, ensuring alignment with the portfolio. 

Ad-Hoc Query Assistance: Respond to queries from senior management, traders, administrators, investors, and auditors regarding fund performance and financials. 

Project-Based Support: Assist with process improvements, system enhancements, and product development initiatives to optimize fund operations. 

Investor Allocations and Fee Review: Prepare investor allocations, ensuring accuracy, and review management and performance fees in line with fund documents. 

Month-End Close Process: Contribute to month-end close by reconciling financial statements and ensuring timely NAV submission. 

Regulatory Compliance: Ensure adherence to accounting policies and regulatory requirements, staying updated on any changes that impact the fund. 

Liaison with Fund Administrators: Work closely with Fund Administrators to resolve issues promptly and ensure timely and accurate daily NAV calculations. 

Daily P&L Production and Analysis: Prepare and review daily trading P&L reports, analysing variances and ensuring accuracy in trading positions across the asset classes. 

Price Verification: Validate market prices for trading positions across various asset classes to ensure accurate fund valuations.  

PERSON SPECIFICATION 

WORK EXPERIENCE/BACKGROUND: 

Essential 

Desirable 

• Accounting qualification or working towards one – ACA, CIMA, ACCA (or equivalent). 

• Experience of working in a financial regulated environment  

TECHNICAL/BUSINESS SKILLS & KNOWLEDGE: 

Essential 

Desirable 

• Understanding of NAV control environment and NAV valuation issues  

• Strong working knowledge of Excel  

• Experience of price verification processes