VP - Fund Accounting and Compliance Officer
Oakbrook Terrace, IL

NAV is seeking an experienced professional to review fund accounting, manage existing client relationships, work with prospective clients on business development, and ensure compliance with AML/KYC and other regulatory policies and procedures.

Fund Accounting:

  • Supervising and managing daily and monthly accounting operations within a portfolio of assigned client relationships.
  • Ensuring overall client satisfaction by facilitating efforts of the assigned servicing team, coordinating resources to ensure timely delivery and issue resolution, and effectively communicating client concerns and requirements to appropriate managers and teams within NAV.
  • Cultivating strong working relationships with client contacts. Demonstrated ability to add value with a consultative approach, by anticipating client needs and possible solutions, and partnering with the client for implementation steps.
  • Applying technical expertise in fund accounting to set delivery standards for the combined accounting and transfer agent function of the Administrator.
  • Fostering an environment based on professional principles and concepts, aligning both business strategy with specific team objectives.
  • Supervise critical data reconciliation, the quality of accounting reports, risk and attribution reporting, and reliability and accuracy of financial statements. Implementing practices and procedures for reviewing and verifying accounting reports, their supporting documents, and reporting formats to ensure completeness of input data.
  • Manage workflow between external clients and the NAV Backoffice Operations Centre to generate deliverables within daily and monthly accounting (especially client questions and client processes) specifically to satisfy unique client requirements.
  • Communicate with fund auditors to resolve accounting questions and to prepare draft audited financial statement in accordance with IFRS and IAS, or US GAAP as needed.
  • Help clients and investors using NAV's web reporting platform for analytical reports, including breakout and portfolio data to meet specific expectations at the end user level.
  • Review fund (pool) formation and offering documents including trading advisory agreements, paying special attention to the accounting provisions to identify and communicate any suggested changes for clients, and verifying accounting methodology disclosed or utilized for fees calculations and expense booking at both the fund and investor levels for all kinds of fund structures.
  • Conceptualize and develop protocols for secure file transmission between a client and NAV to ensure data security and confidentiality both within the organization as well as with the external senders and recipients.
  • Review of compliance and regulatory filings (NFA CPO PQR, SEC Form PF filings, FATCA/CRS) on both a quarterly and annual basis.

New Business Development:

  • Cross-sell NAV services to existing and prospective clients, and also participate in development of solutions to meet client needs.
  • Coordinate presentations, introduce NAV experts when appropriate, close sales wherever possible, and ensure smooth delivery of new services.
  • Conduct demos of proprietary fund accounting and transfer agent systems, also our web portals for clients and investors, and other NAV applications.
  • Prepare proposals and service agreements.

Transfer Agency and Compliance:

  • Assist the Chief Compliance Officer in performance of duties.
  • Oversee and manage initial due diligence review of prospective clients; perform and administer the approval process for acceptance and risk rating of new clients.
  • Assist in overseeing investor onboarding, and participate in escalation discussions regarding investors flagged for compliance issues, including those with positive matches to sanctions or otherlists.
  • Advise on anti-money laundering due diligence and sanction checks on client and investor files to compliance and legal teams.
  • Review contributions and redemptions in accordance with fund documents.
  • Manage the testing of know your customer information collected on funds and investors to ensure compliance with NAV's policies and procedures and the Cayman AML/CFT Regime.
  • Act as Deputy Money Laundering Reporting Officer ("MLRO") for certain NAV clients and present anti-money laundering compliance reporting at client board meetings.
  • Represent the company in meetings with regulators and governmental agencies.
  • Coordinate internally with staff in connection with examinations and inquiries by regulators and governmental agencies to ensure timely and accurate responses.
  • Coordinate remediation efforts, as needed, resulting from internal audit or examination findings.
  • Review client provided representation letters for investment risk ratings or sanctions monitoring, where applicable.
  • Monitor the implementation of various compliance policies and procedures and conduct periodic compliance assurance review.
  • Actively assist in maintaining compliance policies and procedures, including participating in performing annual reviews thereon.
  • Conduct risk assessments.
  • Preparation and review of client and board reporting.
  • Liaise with clients, directors, internal parties, and outside counsel as necessary.
  • Source and negotiate anti-money laundering due diligence vendor service agreements.
  • Source and negotiate professional liability and other insurance as required by regulators, business partners and clients worldwide.
  • Assist with any ad-hoc projects as required.


  • Minimum 10 years of fund accounting experience, preferably in the role of a senior manager at a hedge fund administrator or an audit firm.
  • Minimum of 3 years in a compliance role with an emphasis on AML/CFT.
  • Bachelor's degree is required.
  • Advanced degree (JD, MBA) and/or professional certification (e.g., CPA, CFA) is strongly preferred.
  • Should be efficient and well organized with exceptional attention to detail.
  • Must be able to work under pressure and within tight deadlines.

NAV is an equal opportunity employer and does not discriminate on the basis of the applicant's or employee's race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.

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