Position Overview:
The Assistant Manager / Senior Executive – Fund Accounting & Reporting will be responsible for performing the day-to-day fund accounting, valuation, and reporting activities. In addition, this role will involve participating in a key project to transition these functions from a service provider to an in-house team. The position requires strong technical knowledge in fund accounting, valuation methodologies, and reporting processes, as well as project management experience to ensure a smooth and efficient transfer of operations.
Key Responsibilities
Fund Accounting & Valuation:
- Manage and check the accurate and timely accounting for investment funds/portfolios, including reconciliation of positions, cash, and accruals.
- Ensure proper valuation of portfolios in compliance with accounting standards and fund/portfolio policies.
- Monitor and check the daily NAV (Net Asset Value) calculation and resolve discrepancies in a timely manner.
- Review financial statements, ensuring compliance with applicable regulations and accounting standards.
- Coordinate with trustees, auditors, tax agents and other service providers as necessary to support fund accounting and valuation activities.
Reporting:
- Prepare and/or review monthly, quarterly, and annual reports, ensuring all financial data is accurate and complete.
- Assist in the preparation of reporting, including NAV reports package.
- Ensure compliance with internal policies and regulatory requirements for reporting purposes.
Transition Project Management:
- Work closely with cross-functional teams to facilitate the seamless transition of fund accounting, valuation, and reporting functions from the service provider to the in-house team.
- Collaborate with service provider to understand current processes, systems, and data flows, and help map out the future state for in-house operations.
- Assist to the design and implementation of new workflows, systems, and controls as part of the in-sourcing process.
- Execute project plans, timelines, and milestones, ensuring the transition is completed on time and within scope.
- Support training initiatives to equip the in-house team with the necessary skills and knowledge for managing fund accounting, valuation, and reporting functions.
- Identify and resolve any challenges or gaps that arise during the transition, ensuring continuity of services.
Process Improvement
- Continuously assess and improve processes related to fund accounting, valuation, and reporting to drive efficiency and accuracy.
- Implement best practices or automation solutions where possible to enhance the fund accounting and reporting processes.
- Recommend enhancements to improve operational efficiency and data quality.
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 accounting, valuation, and financial reporting, preferably within an asset management environment.
- Proven experience in managing or supporting a transition of functions, particularly in fund accounting or related operations.
- Strong knowledge of financial products, investment structures, and related valuation methodologies (equities, fixed income, derivatives, etc.).
- Experience in working with fund accounting systems is highly desirable.
Skills & Competencies:
- Strong analytical and problem-solving skills.
- Excellent communication skills, with the ability to interact with internal teams, external service providers, and stakeholders.
- Detail-oriented with a strong focus on accuracy and timeliness.
- Ability to manage multiple priorities in a fast-paced environment.
- Project management skills with the ability to handle complex transitions and change management.
- 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.
- Ability to work independently and as part of a team, demonstrating initiative and a proactive approach.
