Fund Accounting Internship

Job Description

About Company

We are an HR consultancy firm that leverages an Artificial Intelligence (AI) System to help candidates match with suitable roles, offering this service free of cost. Our matchmaking process is comprehensive, involving direct interaction with our recruiters and client-serving professionals, alongside the strategic use of our AI system. This system is designed to help candidates understand their strengths and strategize their career paths effectively.

Important Note: The successful submission of an application for any role is conditional upon a profile evaluation conducted by our Recruitment Specialists using the AI system.

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Job Description, Detailed

Job Title: Fund Accounting Internship
Department: Finance & Accounting
Start Date: Summer

Overview of Fund Accounting Business Unit:
Our Fund Accounting business units function as a third-party intermediary, bridging the gap between fund managers and investors. The core responsibility involves verifying and distributing assets associated with various investments. The specific demands and industry of a fund can cause the role of a fund administrator to vary. These positions offer a valuable introduction to alternative investing and require close interaction with clients.

Key Responsibilities:
• Financial Operations: Prepare cash and journal entries, including bank reconciliations. Assist with the preparation of financial statements and period-end closings.
• Client Interaction: Engage with clients through email correspondence and participation in calls.
• Audit Support: Participate in quarterly and annual audit functions.
• Transaction Processing: Process and meticulously track daily cash contributions and distributions for investment fund clients.
• Professional Development: Actively participate in structured Intern Programming focused on professional development, career progression, and presentation skills.

Minimum Requirements:
• Education: Currently pursuing a Bachelor’s Degree in Accounting or Finance with a strong accounting focus, or possess previous accounting internship experience.
• Career Interest: Demonstrate a strong interest in Fund Accounting as a career path.
• Academic Standing: Be a current Junior with an expected graduation date between December 2026 and August 2027.
• Technical Skills: Proficient in Microsoft Excel.
• Work Ethic: Possess the ability to prioritize tasks, manage multiple assignments concurrently, and navigate ambiguity effectively.
• Communication: Exhibit strong verbal and written communication skills.
• Soft Skills: Demonstrated leadership, learning agility, and collaboration skills.
• Mindset: Maintain a customer-centric mindset.
• Analytical Skills: Be detail-oriented with strong analytical and problem-solving abilities.
• Work Authorization: Authorized to work in the US without the need for employment-based sponsorship now or in the future.

Benefits of this Internship:
• Career Growth: Support for professional accreditations and provision of study leave. Continuous mentoring throughout your career progression.
• Work-Life Balance: Flexible work arrangements, generous holidays, and special birthday leave.
• Engagement: Access to active sports, events, and social committees across our offices.
• Well-being: Comprehensive 24/7 support for mental, physical, emotional, and financial well-being through our Employee Assistance Program.
• Investment Opportunity: The opportunity to invest in the company’s growth and success through our Employee Share Plan.

Compensation:
• The compensation for this internship position is $23-$25 per hour.