Asset & Wealth Managed Services (AWMS) - Associate Fund Accountant

Job Description & Summary

Our Fund Office Support Services in Asset and Wealth Managed Services (“AWMS”) is expanding rapidly and we are looking for motivated professionals to join us. We are Singapore’s leading Asset and Wealth Management team, and you will experience a dynamic and fast-paced working environment. You will be responsible for a portfolio of fund manager, family office and asset owners clients (the “clients’) and will work as part of a team to achieve and meet their needs.

You will be responsible for a portfolio of clients engagements to meet objectives and budget successfully.

You will also act as the liaison and point of contact for these clients. Effective day-to-day management of clients; building and maintaining client relationships is crucial.

You need to ensure that all deadlines and milestones are met as planned. You will also ensure that you hold yourself to the highest standard, in terms of work quality, risk management, issue escalation/resolution and client delivery.

You need to understand the client’s issues and manage the expectations of different stakeholders by translating expectations into quality & balanced output/deliverables.

You need to work closely with other functions (i.e., Tax, Valuation, etc) within PwC and address client needs by bringing relevant expertise from the firm to client discussions.

Specific responsibilities include the following: 

Fund Accounting 

• 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 open ended/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 detailed trial balance, balance sheet, statement of operations, investment, bank reconciliation and investment holdings report. 

• Drafting of financial statements and related FRS/IFRS/RAP 7/US GAAP disclosures in accordance with accounting standards. 

• Oversee and facilitate audits of the Funds and liaise with the auditors to ensure timely completion of audit. 

• Perform follow-up with clients as necessary on accounting records and issues and develop solutions to these issues. 

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

• Ensure optimal level of client service matters and all deliverables are on time and meet set quality standards. 

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. 

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

• Deliver the organisation's FATCA/CRS/K1 service offering to our clients. 

Investors Services 

• Assist with new client onboarding and ensure proper fund and fund structure set ups within the accounting system in accordance to governing documents (i.e., PPM, LPA, etc). 

• Assist senior fund accountants in liaising, discussing, and resolving issues surrounding client onboarding with fund managers and stakeholders. 

• Maintain and enforce adherence to the Fund’s policies and procedures in accordance with their business line operating model to safeguard clients’ interest 

• Prepare investor onboarding documentations to ensure AML/KYC compliance. 

• Take care of day-to-day operation of the funds and following up with third parties such as investors and fund managers. 

• Assist in the organisation of board meetings and shareholder’ meetings. 

• Responsible for maintaining client relationships, inquiries, and meetings. 

Operational Support 

• Assist in setting up new client accounts and transitions by preparing required documentation and ensuring accurate system entries. 

• Support resolution of routine fund accounting and administration issues by coordinating with relevant stakeholders. 

• Provide timely updates to senior team members on any material issues affecting deliverables. 

• Monitor and track performance to meet the requirements set out in the SLA. 

• Contribute to identifying process improvement opportunities and suggest ways to enhance operational efficiency. 

• Help maintain internal controls and compliance with SSAE 16 requirements through accurate record-keeping and adherence to procedures. 

FA/TA operational and organisational readiness and system implementation 

• Assist in maintaining and updating Fund Accounting (FA) and Transfer Agency (TA) operational processes and system setups to meet evolving business needs.  

• Support efforts to improve work processes by identifying inefficiencies and suggesting practical enhancements, including leveraging technology for greater scalability and efficiency.  

• Provide administrative and documentation support for system implementation activities, ensuring accurate data entry and adherence to established procedures. 

ATTRIBUTES & SKILLS: 

• You hold a Bachelor and/or master’s degree in Accounting or Economics. 

• You have a minimum 1 to 3 years of relevant experience in alternative investment fund administration, Big 4 audit firm or domiciliation. 

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

• You have good knowledge about Singapore fund structures (i.e., Singapore Variable Capital Company (VCC), Singapore Private Limited (Pte. Ltd.), SG limited partnership and unit trusts). 

• You have good 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 Singapore FRS/IFRS/ RAP 7 and US GAAP standards. 

• Previous experience in compliance and KYC procedures. 

• Familiar with Singapore regulatory filing requirements. 

• 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 MS excel, proficient with MS Word, MS PowerPoint. 

• Knowledge and prior experience on Allvue System a plus. 

• A professional designation such a C.A., C.P.A., or C.M.A. etc., would be an asset.