Associate - Fund Accounting
waystone Open At a glance
Junior Accounting role at waystone. Manila · full-time.
Pay not stated Accounting salary
financeroles summary, based on the employer's posting.
What you'll do
- Calculate fund net asset values and keep them accurate and on schedule
- Record fund commitments, calls, distributions and transfers, alongside daily trades, cash, income and expenses
- Reconcile portfolio and cash balances each day, then investigate and clear discrepancies
- Maintain fund books under IFRS, GAAP and internal controls, and prepare audit support and annual statements
- Handle routine client queries, coordinate with fund contacts and help onboard or coach teammates
What you bring
- At least two years of accounting work
- A university qualification in business, preferably accountancy, or another finance-related discipline
- Strong working ability with Microsoft Office, including Excel
- Careful, accurate work and familiarity navigating general accounting systems
Who this fits
This junior role suits someone who can take responsibility for client fund portfolios from beginning to end and manage day-to-day client contact. You’ll also work with internal teams, investment managers, brokers and custodians, and may support colleague training.
From the employer
For over 20 years, Waystone has been at the cutting edge of specialist services for the asset management industry – partnering with institutional investors, investment funds and asset managers. We work with our clients to help build, support, and protect investment structures and strategies worldwide.
Our success depends upon our ability to attract and retain the best, most diverse talent and provide our employees with a broad spectrum of professional development opportunities. Our workplace environment is an inclusive one, where employees can be themselves, reach their full potential and drive business results.
Reporting to the reporting to the Vice President, Fund Accounting the Senior Associate - Fund Accounting will be an integral part of the team’s success.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The roles consist of managing a small number of client relationships, ensuring superior client service and the delivery of accurate information in a timely fashion. The Associate - Fund Accounting will have responsibility for their clients’ portfolios from start to finish. This will include (but is not limited to) the following:
- Ensure accurate and timely calculation of net asset values (“NAVs”) for Investment Funds (“Funds”).
- Understand the accounting and reporting obligations indicated by incorporation documents of the Funds.
- Process capital activities of the funds in the accounting systems, including commitments, capital calls, distributions, drawdowns, rebalances, and transfers.
- Process trades, cash, income, and expense transactions on a daily basis.
- Complete daily portfolio and cash reconciliation, investigate, and resolve any breaks/discrepancies.
- Update and maintain accounting records in accordance with IFRS, GAAP, and internal controls and policies.
- Process payment of expenses.
- Prepare schedules related to Fund processes, such as calls, distributions, and waterfall calculations.
- Assist in the audit process related to Funds, including preparation of annual financial statements with the necessary supporting information.
- Serves as point-of-contact for multiple clients (internal and external) at a daily operational level
- Liaise with internal stakeholders, investment managers, brokers & custodians daily where issues arise with regards to the day-to-day running of the fund
- Assist in training team members ie. onboarding colleagues as buddy or peer coaching.
- Contribute to process improvement on task delivery
- Complete any other additional ad hoc tasks or deliverables that may be assigned as needed or due to business demand.
REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Experience:
- Minimum 2 years of accounting experience (ex. financial services experience is an advantage)
- Strong proficiency in the use of Microsoft Office, including Excel
- Experience in navigating general accounting systems is an advantage
- High level of accuracy and attention to detail
Education:
A university degree (B.A., B.Sc., M.B.A.) in Business preferably specializing in accountancy or another financial-related discipline- An internationally recognized accounting designation (CA, CPA, ACCA or equivalent), is not required but is an advantage
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