NAV Reconciliation

Reviewing the valuation of a fund or portfolio is a critical task in asset management and private equity operations. The valuation, or NAV, is the culmination of all the investment decisions made over the a valuation period and users of the NAV rely on its accuracy for investment performance reporting. Knowing how to correctly reconcile a fund’s NAV and appraise its accuracy is, therefore, an extremely valuable skill.

In this course, you will learn about the basics of a fund’s NAV—what it is, why it matters, and who the users of the NAV are. You will also learn about the six key items that must be reviewed: from reviewing the instrument profit or loss, to reviewing the fund accruals, and raising and resolving queries with the fund accountant. Clearly, the ability to review a NAV accurately and efficiently is advantageous, so automating the reconciliation with the aid of a template is essential, and in this course you will also learn how to build your own NAV reconciliation template.

After completing this course, you will have a solid, basic understanding of what goes into a fund’s valuation and be able to reconcile and sign off on a fund valuation with confidence.