Fund Accountant/Senior Fund Accountant
Salary undisclosed
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The successful applicant will be responsible for managing a team of fund accountants and be one of the final reviewers reporting to regional team lead, to deliver seamless fund administration services to asset and fund managers of private equity funds. In addition, the role will be a direct point of contact for private equity clients.
Responsibilities
- Provide accounting services for private equity fund clients including reviewing and processing transactions and other fund accounting output for dissemination to external clients and investors.
- Prepare/review the fund accounting team’s fee calculations (management fees, capital call amounts, distribution amounts, carried interest and waterfall) and verifying that calculations are in accordance with the applicable fund terms.
- Prepare/review various statements and notices including but not limited to investor capital call and distribution notices.
- Prepare/review fund’s quarterly and annual financial reports.
- Prepare/review SPV accounting.
- Understand and assist clients with other reporting, such as CRS/FATCA, VAT, K1s, K3s etc.
- Assist clients to address and resolve audit inquiries from external auditors during year-end audits.
- Participate in pre-project stage discussion with the clients and to define more detailed services model for specific clients as required.
- Assist in the onboarding of existing funds and the launch of new funds.
- Participate in internal as well as external technology solutions to address the complex reporting and data requirements of clients.
- Participate in strategic planning and review to continuously improve processes and the team’s performance.
- Exposure to and learning the latest technology solutions in the asset servicing industry and driving automation for less manual bookings and providing more value-added services to clients.
Qualification
- Bachelor’s degree in Accounting or Commerce or Finance or a related degree with a major in Accounting.
- An internationally recognized accounting qualification or under taking of such professional qualifications such as CPA, CA is highly regarded.
- Minimum of 2-4 years of experience in accounting with a specialty in private equity, or a combination of audit/fund administration and private equity funds experience is highly regarded.
- Knowledge of different accounting standards (IFRS, USGAAP).
The successful applicant will be responsible for managing a team of fund accountants and be one of the final reviewers reporting to regional team lead, to deliver seamless fund administration services to asset and fund managers of private equity funds. In addition, the role will be a direct point of contact for private equity clients.
Responsibilities
- Provide accounting services for private equity fund clients including reviewing and processing transactions and other fund accounting output for dissemination to external clients and investors.
- Prepare/review the fund accounting team’s fee calculations (management fees, capital call amounts, distribution amounts, carried interest and waterfall) and verifying that calculations are in accordance with the applicable fund terms.
- Prepare/review various statements and notices including but not limited to investor capital call and distribution notices.
- Prepare/review fund’s quarterly and annual financial reports.
- Prepare/review SPV accounting.
- Understand and assist clients with other reporting, such as CRS/FATCA, VAT, K1s, K3s etc.
- Assist clients to address and resolve audit inquiries from external auditors during year-end audits.
- Participate in pre-project stage discussion with the clients and to define more detailed services model for specific clients as required.
- Assist in the onboarding of existing funds and the launch of new funds.
- Participate in internal as well as external technology solutions to address the complex reporting and data requirements of clients.
- Participate in strategic planning and review to continuously improve processes and the team’s performance.
- Exposure to and learning the latest technology solutions in the asset servicing industry and driving automation for less manual bookings and providing more value-added services to clients.
Qualification
- Bachelor’s degree in Accounting or Commerce or Finance or a related degree with a major in Accounting.
- An internationally recognized accounting qualification or under taking of such professional qualifications such as CPA, CA is highly regarded.
- Minimum of 2-4 years of experience in accounting with a specialty in private equity, or a combination of audit/fund administration and private equity funds experience is highly regarded.
- Knowledge of different accounting standards (IFRS, USGAAP).