Client Accountant

Contract Type
Accounting & Finance
Cayman Islands
Competitive Salary
Date Posted
Expiry Date
The incumbent will be responsible for the preparation of complex financial statements for a varied portfolio of trusts, companies, funds, partnerships and other entities including NAV calculation for specific fund and unit trust structures.

The incumbent will typically manage the financial statements preparation process, and will possess strong financial and accounting skills, be self-motivated and able to work in a fast-paced environment with limited supervision against deadlines.
Your responsibilities will include:

  • collating information to prepare financial statements for a varied portfolio of trusts, companies, funds, partnerships and other entities
  • liaising with trust/corporate administrators and external sources, reviewing correspondence and other files to establish asset/liability positions at take-on
  • liaising with trust/corporate administrators, advisors, clients and auditors to establish each structure’s reporting requirements
  • communicating with and assisting auditors during audits
  • setting  up  financial  and  static  data  on NavOne, which may involve researching financial information and/or establishing the correct take on balances
  • posting financial transactions into NavOne, reconciling financial records to third party statements and preparing financial statements in compliance with recognised professional standards
  • executing NAV calculations for fund structures
  • monitoring investment performance and reporting
  • assisting with the maintenance and continuing development of the procedures, practices, controls and systems used in the operation of the client accounting section and recommending any improvements thereto
  • carrying out any other work that may be required from time to time in the general operation of the Trust department
  • being familiar with the department’s range of products as well as products and services offered by Butterfield
  • keeping abreast of regulatory environment, relevant laws and industry specific issues
  • keeping informed of changes in the local and international economic, financial and political and regulatory environment that could impact on business development
  • ensuring time sheets and records are maintained to facilitate billing clients
  • performing in-house financial reporting
  • invoicing and monitoring the collection of fees
  • maintaining of statutory records for companies
  • assisting with the responsibility for FATCA/CRS monitoring, implementation, classification and reporting

Required qualifications and skills:

  • recognised professional accounting qualification (CA/ACCA/CPA) and a minimum of four years PQE experience in GAAP/IFRS accounting
  • thorough understanding of and substantial exposure to multi-currency accounting for investment portfolios
  • good   understanding   of   investments (equities, bonds, cash, derivatives etc.) and the ability to measure performance
  • good knowledge of corporate and trust accounting
  • proficient in use of multi-currency accounting software programs and excel
  • experience in NavOne software
  • good analytical and investigative skills
  • well-developed organisational, oral and written communication skills
  • ability to establish and maintain excellent working relationships with customers and employees
  • ability to operate in a busy environment meeting tight deadlines while maintaining a high level of accuracy
  • understanding of FATCA / CRS compliance and categorisation of trust company business

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