Business Analyst, Fund Accounting

Job Description

A leading organization is seeking an experienced Business Analyst with a background in fund accounting to support operational activities and strategic technology initiatives. This position focuses on business analysis, financial systems support, requirements management, and collaboration between business stakeholders and technical teams. The successful candidate will help deliver complex projects while building expertise in supported applications and business processes.

Responsibilities

• Gather, analyze, and document business requirements for financial and accounting-related initiatives.
• Facilitate stakeholder meetings, requirements workshops, and process review sessions.
• Translate business needs into clear functional requirements, user stories, and process documentation.
• Support projects throughout the delivery lifecycle, from discovery and requirements definition through implementation.
• Collaborate with business users, technology teams, and cross-functional stakeholders to drive successful outcomes.
• Provide operational support for business-critical applications, including issue triage and troubleshooting.
• Assist with testing, validation, and production support activities.
• Develop and maintain process flows, business documentation, and functional specifications.
• Support ongoing system enhancements and process improvement initiatives.
• Build a strong understanding of financial applications and accounting workflows through hands-on support and analysis.

Required Experience and Skills

• 3 to 5 years of experience in a Business Analyst role.
• Experience working within fund accounting environments.
• Strong analytical, problem-solving, and data analysis capabilities.
• Excellent written and verbal communication skills.
• Experience leading requirements-gathering sessions and stakeholder discussions.
• Ability to work effectively with both business and technical teams.
• Understanding of investment operations, accounting processes, and financial reporting workflows.
• Experience working with financial systems and transaction-based applications.
• Experience in Agile delivery environments, preferably Scrum.
• Proven ability to support large and complex initiatives from requirements gathering through deployment.
• Experience creating business requirements, functional specifications, process maps, and user stories.
• Ability to support testing, validation, and post-implementation activities.
• Strong stakeholder management and relationship-building skills.
• Ability to work independently while collaborating across multiple teams.
• Comfortable operating in a fast-paced financial services environment.

Preferred Qualifications

• Experience within private equity environments.
• Background supporting financial technology platforms and application enhancement initiatives.
• Experience balancing operational support responsibilities with project-based work.

FAQ

1. What does a Business Analyst in Fund Accounting do?

A Business Analyst in Fund Accounting analyzes business processes, financial workflows, and system requirements related to investment fund accounting. The role acts as a link between fund accounting teams and technology stakeholders to improve processes, support system changes, and ensure requirements are accurately implemented.

2. What types of fund accounting processes does this role support?

The role may cover NAV calculation, income and expense processing, cash and position reconciliation, corporate actions, trade processing, fee calculations, pricing, and financial reporting. The analyst helps document and improve these processes while ensuring system functionality supports operational requirements.

3. How does a Business Analyst gather requirements for fund accounting systems?

The analyst works with fund accountants, investment operations teams, product owners, developers, and other stakeholders to understand current workflows and business needs. Requirements are documented through process flows, functional specifications, user stories, acceptance criteria, and system requirements.

4. What financial concepts are important for this position?

A strong understanding of NAV, fund positions, securities transactions, accruals, expenses, income, reconciliations, valuations, and financial reporting is useful. Knowledge of different fund structures and accounting processes can help the analyst evaluate system behavior and business requirements accurately.

5. What role does data analysis play in fund accounting business analysis?

Data analysis helps identify reconciliation breaks, investigate accounting discrepancies, validate calculations, and assess operational trends. Analysts may use SQL, Excel, reporting tools, or other analytical technologies to examine transaction and accounting data.

6. How does this role support fund accounting system implementations or enhancements?

The analyst defines requirements, documents workflows, supports solution design, prepares test scenarios, and validates delivered functionality. They may also coordinate user acceptance testing and help ensure system changes align with fund accounting policies and operational needs.