Fund Accountant

Ascentium; Hong Kong; On-site; HKD 420,000 - 660,000; Full time

Job summary

Ascentium is seeking a skilled Fund Accountant to support private equity funds and SPVs in Hong Kong. You will manage the general ledger, capital calls, distributions, month-end and quarter-end closes, and ensure accurate valuations.

You will collaborate with the Fund Administration team and cross-functional groups to enhance data integrity, automate workflows, and deliver timely financial reporting in IFRS or US GAAP. Prior fund accounting experience is preferred.

Responsibilities

• Maintain GL for multiple private equity funds and SPVs; end-to-end fund accounting incl. capital calls, distributions, reporting.
• Support capital call and distribution processes, including calculating partner allocations.
• Prepare quarterly and annual financial statements per IFRS or US GAAP; coordinate year-end audits.
• Oversee SPV lifecycle from incorporation to liquidation; ensure intercompany reconciliations.
• Calculate and track waterfalls and carried interest per LPAs.
• Coordinate with Fund Administration and cross-functional teams to maximize transparency.
• Identify opportunities to automate workflows and improve data integrity.
• Support client interactions and assist with fund accounting tasks as needed.
• Assist processing subscription/transfer requests and respond to investor inquiries.
• Process payments; monitor AML controls, bank accounts, and wire transfers.

Skills

Fund Accounting

Capital Management

Financial Reporting

SPV Management

Waterfall Carry

Cross-functional comm

Process Improvement

Job description

Job Description
Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, Ascentium drives extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.

Drawing on over 50 years of Harneys Fiduciary's experience in key global jurisdictions such as the British Virgin Islands, Cayman Islands, Cyprus, Hong Kong, and Singapore, our teams combine deep local expertise with global reach, offering time zone and language-appropriate services to clients around the world.

Job Requirements

• Fund Accounting: Maintain the general ledger for multiple private equity funds and SPVs. Manage end-to-end fund accounting activities including capital calls, distributions, and financial reporting. Perform month-end and quarter-end closings, ensuring all accruals and valuations are accurate.
• Capital Management: Support capital call and distribution processes, including calculating partner allocations.
• Financial Reporting: Prepare and send quarterly and annual financial statements in accordance with IFRS or US GAAP, and coordinate with external auditors for year-end audits. Support regulatory reporting processes.
• SPV Management: Oversee the financial lifecycle of SPVs, from incorporation through liquidation, ensuring intercompany reconciliations.
• Waterfall & Carry: Calculate and track complex distribution waterfalls and carried interest in line with Limited Partnership Agreements (LPAs).
• Internal communication: Liaise with Fund Administration team members as well as cross-functional teams to maximise transparency and therefore efficiency in service delivery.
• Process Improvement: Identify opportunities to automate manual workflows and enhance data integrity within the fund administration platform, supporting scalability.
• Other duties: Interacting with clients and maintaining good corporate relationships, assisting with tasks related to fund accounting as required by your manager or the client.
• Investor Services: support the processing of subscription agreements, transfer requests, and respond to investor inquiries regarding capital activity and fund performance.
• Cash Management: Payment processing in accordance with anti-money laundering regulations, bank account and liquidity monitoring, preparation of bank account-related forms and wire transfer forms.