Fund Accountant

Role: FUND ACCOUNTANT
Location: Dubai, UAE

About the Company

Our client is a Dubai-headquartered commodity trading organisation built on a legacy of over 40 years in the edible oil trading and import industry, with a track record among the top importers in its home market. Strategically based in Dubai, a global hub for trade and commerce, the organisation operates as an international trading platform connecting producers, suppliers, and customers across key commodity markets. Its business spans agricultural commodities as well as commodity derivatives, futures, and options, supported by disciplined market intelligence, supply chain expertise, and risk management. The organisation is expanding across multiple commodity sectors and is committed to innovation, operational excellence, and financial discipline.

Position Summary

We are seeking a highly diligent and detail-oriented Fund Accountant to join the finance function of this established organisation. This is a crucial role involving high-value transactions, requiring a keen eye for detail and strong accuracy. The ideal candidate will bring hands-on experience in import accounting and fund accounting (derivatives, futures, options), along with the ability to set up and strengthen accounting systems and processes. This role requires a proactive professional who can thrive in a fast-paced, agile, and dynamic environment, and who can communicate effectively with the India-based team.

Key Responsibilities

• Manage high-value transactions with diligence and precision, given the critical and sensitive nature of the role.
• Design, set up, and implement accounting systems and processes, laying strong foundations for the organisation's finance function.
• Manage fund accounting operations, including NAV calculations, valuations, and reconciliations across multiple funds/portfolios.
• Account for derivatives, options, and futures, including trade capture, mark-to-market valuations, and P&L recognition.
• Manage import accounting, including landed costs, foreign currency transactions, and related documentation.
• Prepare periodic financial statements, investor reports, and management reports in accordance with relevant accounting standards (IFRS).
• Reconcile positions and cash with custodians, prime brokers, and counterparties on a regular basis.
• Monitor and process corporate actions, income accruals, and expense allocations.
• Support treasury functions, including cash flow monitoring and management of Fixed Deposits (FDs), Letters of Credit (LCs), and Bank Guarantees (BGs) where applicable.
• Ensure compliance with UAE Corporate Tax, VAT, and all applicable statutory and regulatory requirements.
• Liaise with the India-based team, auditors, fund administrators, custodians, tax consultants, and regulatory bodies to ensure accurate and timely reporting.
• Assist with month-end and year-end closing processes, including preparation of audit schedules.
• Support process improvements, internal controls, and automation initiatives within the finance function.

Qualifications & Experience

• CA / CPA / ACCA / CMA or equivalent professional qualification (or actively pursuing).
• Bachelor's degree in Finance, Accounting, or a related field.
• 3–5 years of relevant experience, including import accounting and fund accounting (derivatives, futures, options).
• Experience gained within the UAE, with practical understanding of UAE Corporate Tax and VAT requirements.
• Experience working within an established investment, trading, or asset management organisation.
• Experience setting up or improving accounting systems/processes is highly desirable.

Key Skills & Competencies

• Exceptional attention to detail and diligence, given the high-value nature of transactions handled.
• Strong technical knowledge of fund accounting principles, NAV calculation, and valuation methodologies.
• Solid understanding of derivatives, options, and futures instruments and their accounting treatment.
• Hands-on experience in import accounting, including landed costs and foreign currency transactions.
• Ability to design and implement accounting systems and processes from the ground up.
• Thorough working knowledge of UAE Corporate Tax, VAT, and statutory compliance requirements.
• Fluency in Hindi and English (spoken and written), to liaise effectively with the India-based team.
• Proficiency in accounting/ERP systems and advanced Microsoft Excel.
• Strong analytical, organisational, and stakeholder management skills.
• Ability to work independently and effectively in an agile, dynamic, fast-paced environment.