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Delivering precise and efficient fund accounting services
Fund accounting and financial reporting is becoming increasingly complex with increased demand for more data, greater transparency and quicker turnarounds.
The rapidly evolving regulatory landscape can make financial reporting across fund structures a time consuming and daunting task.
Our experienced fund accountants streamline and simplify your accounting processes across your fund’s portfolio and lifecycle.
This enables you to deliver on your investor tax and financial reporting obligations across a wide set of asset classes and jurisdictions.
Our fund accounting services help you to:
Production of annual financial statements in accordance with relevant accounting standards on a consolidated or standalone basis.
Preparing management accounts on a quarterly basis.
Calculation of the fund net asset valuation on a daily, monthly, quarterly, semi-annual or annual basis.
Creating bespoke reports at fund and investor level.
Performing complex fee calculations such as distribution waterfalls and management fees.
We will engage with key stakeholders to ensure smooth completion of the audit process.
We will provide you with detailed and accurate investment and investor performance analytics
Why Ocorian for fund accounting?
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Expertise in fund accounting across multiple asset classes
Our global team of fund accountants have expertise in fund accounting for private equity, private debt, real estate, infrastructure, venture capital and Shari’ah compliant structures for some of the world’s leading investment firms.
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There where you need us
Our presence in key fund domiciles and time zones means that we are always on hand to respond to your needs.
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A seamless extension of your team
We tailor our services to your specific needs. We have a strong track record in working with bespoke and complex structures.
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Fund accounting FAQs
Fund accounting is an essential part of the fund administration process. It involves maintaining accounting records, such as bookkeeping transactions into ledgers, to produce annual and management accounts. Fund accountants are also responsible for calculating management fees, performance fees, and carried interest.
Additionally, fund accountants play a key role in annual audits, ensuring compliance with regulatory requirements and managing the audit process. This includes creating a timetable, monitoring progress, and addressing any issues that arise. Ultimately, fund accounting ensures accurate financial reporting and compliance for funds.
The role of a third-party fund accountant such as Ocorian is to provide outsourced fund accounting services to investment funds or asset management firms. We act as an independent service provider, separate from the fund or firm itself.
The key responsibilities of a third-party fund accountant include:
- Accounting and Bookkeeping: We maintain accurate and up-to-date accounting records for the fund, including recording transactions, reconciling accounts, and preparing financial statements.
- Valuation and pricing: We calculate the net asset value (NAV) of the fund, which involves valuing the fund's assets and determining the price per share or unit.
- Performance reporting: We generate performance reports that provide insights into the fund's investment returns, comparing them to benchmarks and industry standards.
- Fee calculation: We calculate various fees, such as management fees, performance fees, and carried interest, based on the fund's fee structure and contractual agreements.
- Regulatory compliance: We ensure compliance with relevant regulations and reporting requirements, including preparing financial reports for regulatory authorities and assisting with audits.
- Investor services: We handle investor enquiries, provide investor statements, and process subscriptions and redemptions.
- Risk Management: We assist in monitoring and managing risks associated with the fund's investments, including compliance with investment guidelines and restrictions.
By outsourcing fund accounting to a third party such as Ocorian, investment funds and asset management firms can benefit from specialised expertise, scalability, cost-efficiency, and enhanced regulatory compliance.
A third-party fund accountant can act as a one-stop shop, offering a variety of fund services such as fund administration, depositary, management company and company secretary services under one roof.
This arrangement can bring useful efficiencies. For example, fund administration requires payments that need to be bookkept by the accounting team, and investor services team sends distribution notices with calculations prepared by the accounting team. By having all these services provided by a connected team with access to a central repository of information, the entire process becomes more efficient.
Choosing a reputable fund services provider like Ocorian ensures access to a team with the necessary expertise, systems, and experience in a global team. This can help mitigate against the risks of having a small team in-house or the inefficiencies of using multiple third party service providers.
Let’s talk
Contact us and a member of our team will be in touch.
If you would like to speak to someone in regards to media please email: [email protected]
For career information and job applications please visit our careers page