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Hi everyone! 👋 Anna here - let me introduce myself
👋 Hi everyone! I'm Anna, and I'm excited to start this community! A bit about me: I've spent the last 20 years in fund accounting - everything from boutique fund administrators to mid-sized asset managers. I've calculated thousands of NAVs, trained hundreds of accountants across India, Poland, and China, and yes... I've seen EVERY possible NAV error you can imagine. 😅 The most common question I get asked: "How do I actually learn NAV production?" Corporate training is €500-2,000 per person. YouTube is fragmented. On-the-job training takes 2-3 years of trial and error (and costly mistakes). So I built something different: NAV Production Academy ✅ 10 interactive modules (NAV basics → Swing Pricing) ✅ 71 hands-on exercises in Excel✅ Real-world scenarios from 20 years of experience ✅ Complete answer keys ✅ $10 one-time payment But here's the thing... The academy is just the START. This community is where the REAL learning happens. 💬 Ask questions about tricky NAV calculations 🤝 Share your experiences (anonymously if needed!) 📚 Learn from each other's mistakes (we've all made them!) 🎯 Get direct answers from someone who's been there Whether you're: - New to fund accounting - Changing careers into the field - Part of an offshore team - Studying finance - A fund administrator training a team You're in the right place. I'm here to help you master NAV production without the 3-year learning curve. Drop a comment below and tell me: 👉 What's your biggest NAV challenge right now? 👉 What do you want to learn first? Let's build this community together! 🚀 — Anna
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AIS Interview Toolkit
I've hired 100+ fund accountants over 20 years. Here's the ONE question that separates experts from pretenders: "A fund has €10M assets, €500K liabilities, and 100K shares. You just revalued €2M in USD securities using month-end FX rates. Walk me through the NAV impact." If they can't answer this in 30 seconds, I know. After two decades, I've compiled 150+ questions like this into a complete Fund Accounting AIS Interview Toolkit. 6 professional Excel templates: → 150+ technical + soft skills questions → Interview scorecards → Candidate comparison matrix → Complete hiring framework Stop gambling on hires. Start making data-driven decisions. #FundAccounting #AssetManagement #HiringManagers #Operations
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🎯 NAV Pro Tip #7: The Expense Accrual & Fee Drift Check
Before you sign off the NAV, take 3 minutes to sanity-check expenses and fee accruals: ✅ Do management fees and admin fees look reasonable?– Fee rate matches the latest agreement / share class?– AUM basis correct (gross vs net assets, exclusions applied)?– No sudden jumps or drops vs prior NAV days? ✅ Are expense accruals behaving normally?– Known monthly/quarterly accruals trending as expected?– Any “stuck” accruals rolling forward and never reversing?– Any unusually large true-ups posted without explanation? ✅ Are payables and invoices clearing on time?– Old payables still sitting open with no settlement?– Any expenses posted twice (invoice + accrual)?– Any suspense/temporary accounts used to park expenses? Why this matters: Fees and expenses rarely cause dramatic breaks day-to-day — which is exactly why errors here survive. Accrual drift compounds quietly and eventually becomes a client escalation, audit finding, or a painful true-up. Pro move: Treat fee accruals like a trend control: if the pattern changes, investigate before it becomes “normal.” Building better NAV production habits, one day at a time.
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🎯 NAV Pro Tip #6: The Trade Date vs Settle Date Reality Check
Before you finalise the NAV, take 3 minutes to sanity-check trade capture and settlement status: ✅ Are all trades captured correctly?– Trades loaded from the broker/custodian file with the correct trade date?– Any late confirmations or manual bookings today?– Any cancelled/amended trades reflected everywhere (IBOR/ABOR/custody)? ✅ Do unsettled trades and cash movements make sense?– Pending settlements align with expected cash in/out by currency?– No “double counting” (trade booked + cash already posted)?– Any fails/aged settlements escalating? ✅ Are fees/commissions and FX on trades correct?– Brokerage/transaction costs included where required?– FX on settlement currencies applied consistently?– Any unusual financing/charges (stock loan, margin, borrow fees)? Why this matters: A large portion of NAV issues come from timing — trades booked incorrectly, settlements missing, or cash posted out of sequence. These errors are avoidable if you validate the trade-to-cash story before sign-off. Pro move: If a trade doesn’t “tell a clean story” from trade date → settlement → cash, don’t sign off until it does. Building better NAV production habits, one day at a time.
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🎯 NAV Pro Tip #5: The Dealing & Shares Outstanding Check
Before you calculate NAV, take 3 minutes to validate subscriptions/redemptions and shares: ✅ Are today’s subscriptions/redemptions complete and authorised?– Dealing blotter received and signed off?– Late trades identified and handled per policy?– Any cancellations/amendments processed correctly? ✅ Do shares/units outstanding reconcile?– Shares roll-forward ties to yesterday + today’s dealing?– Class-level shares updated correctly (not just fund total)?– Any manual overrides reviewed and documented? ✅ Do cash movements match the dealing activity?– Expected cash in/out aligned to subscriptions/redemptions?– Swing pricing / dilution levy applied correctly (if relevant)?– Any “unmatched” dealing cash sitting in suspense? Why this matters: A NAV can be perfectly priced and still be wrong if the shares outstanding or dealing cash is wrong. These are high-impact inputs that can cause immediate investor harm and trigger escalations. Pro move: If dealing volume is unusual, treat it like a control event: do a quick second review before you press “final.” Building better NAV production habits, one day at a time.
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