Fund Accountant📣 Job Ad

About the Opportunity

BlueFiveSidra is seeking a dedicated Fund Accountant to join our team in Jeddah, Makkah, Saudi Arabia. This full-time role involves supporting investment operations, reporting, and fund administration to ensure accurate execution, regulatory compliance, and operational efficiency. The successful candidate will drive process improvement, manage key stakeholder relationships, and contribute to developing team capabilities in line with the division's financial and strategic objectives.

Key Responsibilities

• Manage the execution of investments, including subscriptions, redemptions, capital calls, transfers, and corporate actions.
• Perform reconciliations of transactions, valuations, and investment returns with investment managers, custodian banks, and sub-fund administrators, resolving any discrepancies.
• Review and validate NAV packs for accuracy of valuations, completeness of financial data, and escalation of discrepancies prior to final sign-off.
• Ensure VAT claims are accurate, compliant, fully supported, and optimized without exposing the firm to regulatory risk.
• Assist with internal and external audits, including the review of fund financial reporting and coordination of auditor requests.
• Prepare administrative documents, including proposals and agreement reviews, in a timely manner.
• Maintain each investment manager's internal document archive covering legal, compliance, operational, marketing, and financial materials.

Compliance and Process Enhancement

• Ensure terms and conditions and all related documents are reviewed during investment setup and that funds operate in accordance with regulatory requirements.
• Prepare regular reporting for internal stakeholders and regulatory bodies.
• Proactively identify regulatory changes that impact the team and recommend mitigation measures.
• Streamline and document workflows through automation and process review.
• Improve and implement the team's operational framework and lead initiatives to enhance operational readiness.

Stakeholder Management and Team Development

• Evaluate, train, and develop team members, providing guidance as necessary.
• Lead cross-departmental collaboration to ensure consistency in process implementation.
• Manage cross-divisional stakeholder relationships and establish service level agreements with other departments.

Required Experience

Candidates should possess 2-5 years of relevant experience in fund accounting, investment operations, or a related financial field. A strong understanding of regulatory compliance and financial reporting standards is essential for this role.

About BlueFiveSidra

BlueFiveSidra adheres to Saudi Arabia labor laws and is committed to providing equal opportunities for all candidates, including individuals with disabilities. We foster an inclusive work environment where everyone is respected, supported, and empowered to contribute to our success.