Trainee Financial Reporting Accountant

at  ValuTrac Investment Management Ltd

COMPANY INFORMATION

Valu-Trac was established in 1985. It provides accounting and administrative services to the UK fund industry for over 150 funds and has assets under administration of over £16 billion as at September 2024.
As part of its role as ACD, Valu-Trac provide accounting and administrative services for funds supported by the Fund Operations team.
The Fund Operations team are responsible for the pricing of funds and supporting shareholders through transfer agency activities.

KEY SKILLS/ATTRIBUTES:

• Ability to organise themselves and tasks
• Relevant experience in fund accounting
• Attention to detail
• Strong creative and analytical thinking
• Strong interpersonal skills
• Diversity of thought, complementary skills and capabilities
• Ability to work to tight deadlines
• Ability to work collaboratively with internal and external stakeholders

THE ROLE

The Trainee Financial Reporting Accountant will report to the Fund Financial Reporting Manager as part of the Financial Reporting team within Fund Operations. The Trainee Financial Reporting Accountant will be primarily responsible for the preparation of information for financial reporting across all funds.

Their main responsibilities for the role include:

• Prepare and review interim and annual report and financial statements for the various funds that VT are ACD for.
• Work with key internal and external stakeholders to obtain all data required to prepare the interim and annual financial statements along and communicating any findings from the preparation process.
• Support for the audit process including arranging the signing of financial statements, letters of representation etc
• Prepare trial balances, working papers and supporting schedules required for the accounts.
• Preparation of journal entries relating to funds.
• Support for adjustments relating to the daily Net Asset Value (NAV) figures impacting financial statements such as bond amortisation and Excess Reportable Income (ERI).
• Preparation of audit packs to provide to the external auditors.
• Liaise with the external auditors on information requests and comments.
• Support the filing process of accounts to the regulator and stakeholders.
• Assist in supporting corporate events on funds such as liquidations, launches and mergers from an accounting and taxation perspective
• Prepare Key Performance Indicators (KPIs) and Management Information (MI) for Fund Financial Reporting and Taxation
• Provide support for projects and strategic enhancements providing input for the Fund Financial Reporting and Taxation team

ROLE AND RESPONSIBILITIES

• Integrity and knowledge
• Communication
• Problem solving
• People skills