Manager, Fund Accounting, Private Markets / Private Debt
About The Position
This is a backfill position for a Manager, Fund Accounting, Private Markets / Private Debt. The role involves providing the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting. The successful candidate will manage a team of Fund Accountants, train staff on all aspects of the NAV process, and work with banks, auditors, brokers, and custodians to ensure smooth service delivery and NAV completion. Responsibilities also include approving fee schedules, reviewing and approving investor allocations, waterfall calculations, custody trading documents, and managing subscription and capital call processes. The role requires ensuring AML requirements are met, responding to client queries, reviewing and signing schedules and reports for compliance, managing resource allocation to meet service level agreements, and approving payment of fund expenses. Additionally, the position involves assisting with the preparation and review of audited financial statements, annual audits, and regulatory reporting. Establishing fund or client-specific procedures, ensuring cross-training and cover, contributing to the growth of the local office, and creating ideas for process improvements, technological advancements, and client reporting are also key aspects. Participation in multiple system initiatives and projects is expected.
Requirements
- A university degree in Finance or Accounting.
- Significant years' experience working in the fund administration industry with experience managing staff. This can include other administrators, investment managers or fund auditors.
- In-depth understanding of Fund industry.
- Strong computer skills with strength in Microsoft Office products and willing to embrace new technologies for efficient solution. Proficiency with Microsoft Excel is particularly asset.
- Strong knowledge in IFRS, US GAAP and Singapore GAAP.
Nice To Haves
- Qualified accountant or other relevant qualification
- Good knowledge on private credit or loan products
- Experience with fund accounting software Geneva, Investran or Yardi or working knowledge of Bloomberg would be beneficial
Responsibilities
- Provide the full range of fund accounting and administration services to private equity fund clients, including Net Asset Value (NAV) preparation and review, custody servicing, investor record keeping and reporting
- Manage a team of Fund Accountants in performing accounting and administration service delivery to customers and train staff on all aspects of the NAV process
- Work with banks, auditors, brokers and custodians to ensure smooth service delivery to customers and completion of NAV
- Approve fee schedules including calculation of management and carried interest, ensuring all calculations follow applicable fund documents
- Review and approve investor allocations for each NAV cycle, waterfall calculation and reviews, custody trading documents, Subscription and process Capital Calls and distributions wires, ensuring execution as instructed by clients and deadlines are met
- Work with both the internal AML team, and the administrators, ensuring all AML requirements are met
- Respond to all client queries
- Review and sign any schedules, reports and files for review ensuring they are completed in compliance with organization controls
- Resource Allocation to ensure that all work is carried out and Service level agreement met
- Approve payment of fund expenses in applicable banking systems, ensuring controls are followed
- Help with preparation and review of audited financial statements and annual audit
- Review reporting for the regulatory authorities
- Establish fund or client specific procedures covering all aspects of our services; Ensure cross training and cover in place for all services provided to client
- Help with the growth of the local office
- Create ideas for improving the NAV process, technological improvements and client reporting
- Participate in multiple system initiatives and projects
Benefits
- group medical insurance scheme
- group pension scheme
- reimbursement of professional subscriptions
- paid holidays
- assistance towards gym memberships
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What This Job Offers
Job Type
Full-time
Career Level
Manager
