Assistant Manager, Fund Accounting

Prudential Group; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading financial solutions provider in Asia is seeking a dedicated individual for fund accounting operations. The role involves daily NAV valuations, reconciliations, and ensuring compliance with internal controls. Ideal candidates possess strong analytical skills and a background in finance or accounting. Join a company that values mutual respect and offers opportunities for professional growth.

Benefits

Medical

Loans

Dental

Sports (e.g. Gym)

Vision

Festive Eve Leave (2 Days)

On-Boarding Welcome

Qualifications

• At least 4 years of experience in financial services like fund accounting.
• Basic knowledge in financial instruments and investment products.

Responsibilities

• Perform daily fund accounting tasks including NAV valuation and reconciliations.
• Ensure compliance with SOP and internal controls for fund accounting operations.

Skills

Interpersonal Skills

Communication Skills

Attention to Detail

Work Ethics

Flexibility

Education

Bachelor or Professional Degree in finance

ACCA

CPA

ICAEW

Tools

Microsoft Office

MS Excel

Job description

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Perform the daily fund accounting operational tasks such as unit trading processing, trades processing, securities master data creation or update, corporate actions processing, pricing upload, accruals of miscellaneous fund related fees, provision of tax and deferred tax, etc.

Perform position and cash reconciliations as per the stipulated timeline and frequency.

Perform investigation, follow-up and resolve any discrepancies identified during the position and cash reconciliations process.

Ensure proper and valid justification for the outstanding unreconciled items and ensure these unreconciled items are resolved in a timely manner.

Execute daily/weekly/monthly Net Asset Value (“NAV”) valuation as per the stipulated timeline.

Perform validation of daily/weekly/monthly NAV price based on PAMB’s fund accounting system against the NAV price and NAV price movement checks provided by the appointed service provider.

Perform investigation and follow-up with the appointed service provider should the differences identified during the NAV validation process exceed the tolerance limit.

Ensure proper and valid justification are properly documented for the differences exceeding the tolerance limit and escalate if adjustments or immediate rectification is required.

Verify the unit price publications and ensure accuracy as per the agreed timeline before releasing for publications.

Ensure all the fund accounting related transactions are processed accurately and in a timely manner.

Prepare all relevant data and reports in an accurate manner and in accordance to the stipulated timeline.

Verify the calculation basis and amount to be settled for fees payment to fund managers, custodians, appointed service providers, fund accounting related vendors, etc.

Prepare settlement instructions to relevant counterparties for redemptions, fees payment, money market placements for internally managed funds, foreign exchange trades and Collective Investment Schemes (“CIS”) related trades.

Ensure the settlement instructions are prepared accurately and in a timely manner.

Support internal and external stakeholders on relevant matters in relation to fund accounting by providing timely and satisfactory responses on all enquiries.

Perform proper and correct system setup for any new funds launched.

Perform User Acceptance Testing (“UAT”) to ensure proposed solution meets the fund accounting operational requirements.

Ensure the UAT is approved in a timely manner before implementation in production.

Comply and adhere to the Standard Operating Procedures (“SOP”) for fund accounting processes and all internal controls are strictly applied in the day-to-day fund accounting operations.

Assist to develop Control Checklist for each fund accounting process to ensure SOP are strictly adhered to in the day-to-day fund accounting operations and assist to update the checklist as and when required.

Assist to identify areas for further improvement and enhancement to improve the internal controls’ effectiveness and team’s efficiencies. Ensure quality of documentation is in accordance to internal standards, policies and guidelines.

Ensure all fund accounting related documentations are properly saved in the designated shared drive for audit trail purpose.

Ensure compliance to all applicable accounting standards, regulatory requirements and guidelines and internal policies and procedures.

Others

Establish close and strong working relationships with internal (such as Investment team, Treasury and Cash Management team, Group Reporting team, Local Financial and Statutory Reporting team, internal auditor, etc.) and external (such as appointed service providers, custodians, fund managers, external auditors, fund accounting related vendors, etc.) stakeholders.

Assist to develop and recommend areas for enhancements and improvements for the current fund accounting system and processes to meet the challenges and needs of internal stakeholders.

Participate and assist to support local or regional initiatives or projects for any development, design and implementation of new processes, controls or systems in relation to fund accounting.

Job Specification:

1. Education

Bachelor or Professional Degree in finance, accountancy, banking, investment, economics or equivalent.

Internationally recognized accounting qualification (ACCA, CPA, ICAEW, etc.) or working towards designation will be an added advantage.

2. Experience

At least 4 years of working experience in the financial services industry such as fund accounting, asset management, insurance, Unit Trust or banking.

3. Special Business Knowledge and Skills

Basic knowledge in financial instruments and investment products.

Experience with fund accounting operations, system and infrastructure (such as PAM, Multi-Fond, MFund, etc.).

Proficient in Microsoft Office with excellent MS Excel skills.

4. Others

Strong interpersonal and communication skills.

Possess good work ethics with a positive attitude.

Responsible, willing to learn and able to work under pressure.

Flexible and able to adapt in a dynamic environment.

Attention to details, meticulous and diligent.

Strict compliance with all applicable deadlines and operating procedures.

Ensure all daily transactions are captured correctly into fund accounting system i.e. trades; corporate action; settlement/payment; fees accrual; tax provision & deferred tax;

Ensure all account openings with counterparty; custodian; transfer agent; service provider are done on timely basis;

Perform reconciliation properly and resolve related issue promptly;

Ensure daily NAV and price publication are done on time;

Perform oversight on NAV done by service provider;

Preparation of related fund reporting;

Assist senior on preparation of SOP;

Work closely with internal stakeholders, custodian and fund accounting service provider

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A rewarding and fulfilling career awaits you

At Prudential, we believe in making a difference.

Through the power of listening, we strive to build brighter futures, for our customers, for our employees, for our society.

Built upon the values of mutual respect and understanding, we aim to cultivate an environment where our people can flourish in both their professional and personal lives.

As a leading provider of financial solutions in Asia, Prudential offers ample opportunities for you to succeed and expand your career horizons.

A rewarding and fulfilling career awaits you

At Prudential, we believe in making a difference.

Through the power of listening, we strive to build brighter futures, for our customers, for our employees, for our society.

Built upon the values of mutual respect and understanding, we aim to cultivate an environment where our people can flourish in both their professional and personal lives.

As a leading provider of financial solutions in Asia, Prudential offers ample opportunities for you to succeed and expand your career horizons.

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Perks and benefits Medical Loans Dental Sports (e.g. Gym) Vision Festive Eve Leave (2 Days), On-Boarding Welcome Re

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