Senior Associate - Fund Accounting
waystone Open At a glance
Senior 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 accurately and on schedule, following each fund’s accounting and reporting obligations
- Record capital movements, trades, cash flows, income and expenses in the accounting systems
- Reconcile portfolio and cash balances each day, then investigate and resolve discrepancies
- Maintain fund records under IFRS, GAAP and internal controls, and prepare audit support and annual statements
- Manage daily client queries and coordinate with internal teams, investment managers, brokers and custodians
What you bring
- At least three years of accounting experience
- A university degree in business, preferably focused on accountancy or another finance discipline
Who this fits
This senior associate role suits someone ready to manage fund portfolios and daily client relationships from end to end. You’ll also help train associate and junior associate colleagues. The role is based in Manila.
From the employer
Waystone leads the way in specialist services for the asset management industry.Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.
With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.
Summary: 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 Senior 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 the day-to-day running of the fund
- Assist in training the associates and junior associates.
- Complete any other additional ad hoc tasks or deliverables that may be assigned as needed or due to business demand.
Experience:
• Minimum 3 years experience in Accounting field
• Fund Accounting experience is an advantage (ex. Hedge funds, private equity)
• Experience in navigating fund accounting systems (ex. Invest One, eFront, Investran is an advantage)
• Financial Reporting experience an advantage and Experience in operating in a daily reconciliations’ environment is an advantage
Education:
• A university degree (B.A./ B.Sc./ M.B.A.) in Business (preferably specializing in accountancy or another financial-related discipline).
• Professional certification as CPA or other international accounting certifications is an advantage
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