Position Overview:
We are seeking a dedicated and detail-oriented Assistant Manager to support Fund Reporting function. This role focuses primarily on fund reporting, including financial reporting, regulatory submissions, and audit deliverables while also supporting daily fund accounting activities such as NAV review, valuations, and reconciliations.
The position will contribute to a key migration project involving the transition of fund accounting, valuation, and reporting functions from a service provider to an in-house environment, providing exposure to process enhancement, system implementation, and operational transformation.
Key Responsibilities:
1. Fund Reporting and Accounting:
- Prepare and assist in the review of: Monthly, quarterly, semi-annual, and annual financial statements / Regulatory submissions to SC, tax authorities and etc / Management and operational reports for internal stakeholders and clients.
- Ensure timely and accurate delivery of all reporting outputs.
- Assist in coordinating annual fund audits by preparing audit schedules and liaising with external auditors.
- Ensure reports comply with applicable accounting standards (GAAP/IFRS), SC regulations, and internal policies.
- Verify supporting documentation, disclosures, and data accuracy before report submission.
- Support daily pricing and NAV preparation activities.
- Verify valuation inputs, pricing sources, corporate actions, income accruals, and expense calculations.
- Assist with daily, monthly, and periodic reconciliations of cash, positions, and valuations.
- Escalate discrepancies, breaks, or pricing issues to supervisors for resolution.
- Work with custodians, fund administrators, tax agents, and auditors as required.
2. Process Improvement & Reporting Efficiency:
- Assist in identifying opportunities to improve reporting and accounting workflows.
- Participate in system enhancement initiatives, automation efforts, and process standardisation.
- Help maintain up-to-date SOPs, checklists, and internal control documentation.
3. Project Support Migration of Fund Reporting, Valuation & Fund Accounting:
- Support the planning and execution of the migration project from outsourced to in-house operations.
- Assist in collecting process documentation, workflows, policies, and reporting templates from the service provider.
- Participate in knowledge transfer sessions, system testing, and training workshops.
- Work with the team to ensure a smooth handover of processes with minimal operational disruption.
4. Compliance and Risk Management
- Ensure all reporting and accounting activities comply with SC guidelines, accounting standards, and internal policies.
- Support in the identification and resolution of accounting or reporting variances.
- Maintain proper documentation and audit trails for all reporting and accounting activities.
5.Team Collaboration & Support:
- Provide guidance and support to junior team members, fostering a collaborative and high-performance team environment.
- Work with other departments to ensure alignment on fund accounting and reporting requirements.
- Assist in ad-hoc projects and tasks as required by the supervisor.
Job Requirements:
Education:
- Bachelor's degree in Accounting, Finance, Economics, or a related field or similar qualification preferred. Professional qualifications such as ACCA, or CPA will be a plus.
Experience:
- 3-5 years of experience in fund reporting, fund accounting, financial reporting, or related investment operations role.
- Strong experience in preparing financial statements and regulatory reports for funds and mandates.
- Familiar with fund accounting processes, NAV calculations, and valuation principles.
- Experience with migration or system implementation projects is a bonus.
- Knowledge of GAAP/IFRS, SC requirements, and reporting obligations.
Skills & Competencies:
- Strong technical skills in financial reporting, fund accounting, and reconciliations.
- High attention to detail and strong analytical/problem-solving ability.
- Proficiency in accounting/reporting systems and advanced Excel.
- Strong communication and interpersonal skills, with the ability to work with auditors, custodians, and internal stakeholders.
- Ability to work independently, manage timelines, and handle multiple reporting cycles simultaneously.
- Proactive, disciplined, and adaptable in a fast-paced environment.
- Strong knowledge of regulatory and industry standards related to fund accounting and valuation (e.g., IFRS, GAAP, etc.).
- Proficiency in Microsoft Excel, and experience with accounting and reporting software tools (e.g., Multifonds, etc.).
- Ability to work independently and as part of a team, demonstrating initiative and a proactive approach.
