Fund Accounting Specialist — Private Equity & SPV Expert

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

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.