Fund Accountant

Line of Service

Industry/Sector

Specialism

Management Level

Job Description & Summary

Responsibilities

• ​Responsible to onboard new clients and set-up new funds and fund structures into the accounting system in accordance to governing documents (i.e., PPM, LPA, etc).

• Responsible for providing quality accounting/bookkeeping and fund administration service for closed-ended/evergreen Alternative Investments Funds (Private equity/Venture Capital/Real Estate and Fund-of funds) including family offices (the “Funds”).

• Preparation of monthly/quarterly/semi-annual/annual/ Net Asset Value (the “NAV”) reporting pack which includes:

• Trial balances and general ledgers.

• Cash and investment portfolio reconciliation.

• Expenses accruals (Fund-related expenses, Fund Administration fees, Management fees, etc).

• Calculation of (i) Performance fees: incentives fees, carried interests, and/or distribution waterfall and (ii) Clawback calculations, etc.

• Invoice processing (including handling client’s payments and receipts).

• Dividend and interest accruals.

• Partners’ capital statements, management accounts and other deliverables (if required)-Knowing consolidation, a plus.

• Drafting of financial statements and related International Financial Reporting Standards (“IFRS”) disclosures in accordance with audit standards.

• Facilitate annual audits of the Funds and liaise with the auditors to ensure timely completion of audit.

• Assist senior fund accountants to take care of day-to-day operation of the funds which includes resolving accounting issues and client service matters. 

Transfer Agency Services

• Responsible for the maintenance of the shareholder/investor register.

• Prepare capital call/distribution/redemption/conversion/share transfer calculations and process these in a timely manner.

• Co-ordinate documentation for capital activities to ensure AML compliance alongside AML analyst.

• Management of commitment agreements and subscription forms including monitoring of commitments, drawdowns, and uncalled commitments.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As an Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.

• Delegate to others to provide stretch opportunities, coaching them to deliver results.

• Demonstrate critical thinking and the ability to bring order to unstructured problems.

• Use a broad range of tools and techniques to extract insights from current industry or sector trends.

• Review your work and that of others for quality, accuracy and relevance.

• Know how and when to use tools available for a given situation and can explain the reasons for this choice.

• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.

• Use straightforward communication, in a structured way, when influencing and connecting with others.

• Able to read situations and modify behavior to build quality relationships.

• Uphold the firm's code of ethics and business conduct.

Requirements

• You hold a Bachelor and/or master’s degree in accounting or economics.

• You have at least 1 to 2 years of relevant experience in alternative investment fund administration or any Big 4 audit firms.

• You have knowledge and understanding of the asset, wealth and management fund industry landscape and operations (including valuation (in private companies, debts, etc), accounting and payment procedures).

• You have knowledge in accounting for investment products, ideally with fund-of-funds, single-manager funds, venture capital, real estate and private equity funds will be considered an asset.

• Competent accounting knowledge in International Financial Reporting Standards (“IFRS”).

• Professional, confident, and highly motivated self-starter, with an ability to handle multiple engagements/projects in a fast-paced environment with tight deadlines, positive attitude to learn and strong team player.

• Possess strong values, personal integrity, and emotional intelligence.

• Meticulous and attention to details, possessing an analytical and enquiring mind-set.

• Possess team spirit, a capacity to build strong client relationships and take initiative to act without waiting for direction (when appropriate).

• Advanced level Microsoft (“MS”) excel, proficient with MS Word, MS PowerPoint.

• Knowledge and prior experience on Allvue/Investran/eFront, a plus

• Good verbal and written communication skill in English. Additional proficiency in Mandarin will be an advantage.

Education (if blank, degree and/or field of study not specified)

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date