Fund Accountant

Job Overview

As a Fund Accountant at BlueFiveSidra based in Riyadh, you will support the execution of investment operations, fund administration, and reporting processes to ensure accurate financial management, compliance with regulatory standards, and operational effectiveness. Your role will drive improvements in processes, foster collaboration among stakeholders, and contribute to the financial and strategic goals of the division.

Key Responsibilities

• Handle investment execution activities including subscriptions, redemptions, capital calls, transfers, and corporate actions.
• Perform detailed reconciliations of transaction records, valuations, and investment returns between investment managers, custodian banks, and sub-fund administrators, resolving discrepancies promptly.
• Review NAV documentation thoroughly to confirm valuation accuracy, financial data completeness, and promptly elevate any inconsistencies before final approval.
• Ensure VAT claims are precise, compliant with regulations, adequately documented, and optimized while mitigating regulatory risks.
• Assist both internal and external audit activities by reviewing fund financial statements and coordinating auditor inquiries.
• Prepare and review administrative paperwork such as contract proposals and agreements efficiently and within deadlines.
• Maintain an organized internal archive for each investment manager, including legal, compliance, operational, marketing, and financial documents.
• Verify that all necessary terms, conditions, and related paperwork are reviewed during investment setup to guarantee regulatory adherence of fund operations.
• Generate regular reports for internal teams and regulatory authorities to maintain transparency and accountability.
• Stay updated on relevant regulatory changes, evaluating their impact, and recommend appropriate mitigations to the team.
• Enhance and document workflows by implementing automation and regularly reviewing processes.
• Strengthen and update the operational framework of the team while spearheading initiatives to boost operational preparedness.
• Provide evaluation, training, and mentoring to team members, offering ongoing guidance and support.
• Lead collaboration efforts across departments to ensure uniform processes and procedures.
• Manage relationships across divisions and define service level agreements with other departments for seamless operations.

Qualifications and Experience

• A bachelor's degree in a business-related field is required; an MBA in Finance or professional finance certifications are advantageous.
• Between three to five years of experience in investment operations, fund administration, or related roles within banking or financial services.
• Comprehensive understanding of the financial and investment industry.
• Strong analytical capabilities combined with excellent organizational and time management skills.

Additional Information

BlueFiveSidra complies fully with Saudi Arabian labor laws and promotes equal employment opportunities for all, including candidates with disabilities. The company is committed to fostering a diverse and inclusive workplace where all employees are respected and empowered to contribute meaningfully to organizational success.