Fund managers are responsible for making sure that accurate accountancy records are kept for investment funds. As such they tend to be available in the financial services industry such as private equity companies.
Entry and progression
Entry positions are available for graduates, however employers will expect fund managers to qualify and be a member of a professional accountancy body such as ACCA.
The ACCA exams provide the knowledge and skills that complete finance professionals need, including fund managers. Those working or aspiring to become fund managers would find the options exams Advanced Financial Management (P4) and Advanced Taxation (P6) most relevant to their roles.
It is not just about exams. Getting the right experience helps trainees gain the competencies needed to enter and move up through their career in audit and finance. Areas such as preparing financial information for management (PO12);monitoring and controlling budgets (PO14) and assisting with tax planning (PO20) would all provide great experience and relate to the performance objectives (PO) which need to be signed off as part of the Practical Experience Requirement (PER).
Career progression in this role can be supported by developing and demonstrating professional behaviours. Take a look at the behavioural competencies in the Competency Framework to reflect on the type of behaviours which are useful for fund managers.