Executive Fund Accounting

Bank Islam Malaysia Berhad; Kuala Lumpur; On-site; MYR 60,000 - 110,000; Full time

Job summary

Bank Islam Malaysia Berhad is recruiting for a Fund Operations professional to oversee daily fund valuation, NAV calculations, and regulatory reporting in Kuala Lumpur. The role requires coordinating valuations across local and foreign funds, processing trades, settlements, and corporate actions in a compliant environment.

The candidate should hold a bachelor’s degree in accounting/finance and have 3+ years in fund accounting or related areas; professional qualifications (ACCA/CPA/CFA) provide

Qualifications

• Bachelor's degree in accounting, finance, banking, economics, or related field.
• ACCA, CPA, ICAEW, CFA add-on considered an advantage.
• Minimum 3 years of experience in fund accounting, fund operations, investment operations, or financial services.

Responsibilities

• Perform daily valuation and pricing for local and foreign funds.
• Execute EOD and SOD processes in OnePortfolio.
• Update corporate actions, FX rates, and fund pricing inputs.
• Calculate and verify NAV, AUM, and FUM.
• Submit monthly SC reports (FMC, Statistical Returns, Investment Returns).
• Process subscriptions and redemptions for target funds.
• Prepare cash and stock reconciliations and DPC reports.
• Coordinate with trustees, custodians, and fund managers on settlements and disclosures.

Skills

Fund accounting

Investment operations

NAV pricing

Regulatory reporting

Education

Bachelor's degree in accounting/finance

ACCA/CPA/ICAEW/CFA (advantage)

Tools

OnePortfolio

S2B

Autobahn

CitiVelocity

Job description

To ensure accurate fund valuation, regulatory reporting, reconciliation, payment processing, and administration of unit trust, wholesale funds, and discretionary portfolio mandates in compliance with Securities Commission (SC), trustee, Shariah, and internal requirements.

Key Responsibilities

1. Fund Valuation & NAV Operations

Perform daily valuation and pricing activities for local and foreign funds.

Execute End-of-Day (EOD) and Start-of-Day (SOD) processes in OnePortfolio.

Update corporate actions, FX rates, fund-to-fund pricing, and other valuation inputs.

Calculate and verify Net Asset Value (NAV), Assets Under Management (AUM), and Funds Under Management (FUM).

Distribute daily pricing information to internal and external stakeholders.

Upload fund prices to relevant platforms including FIMM, Fundsupermart, and company websites.

2. Trade Processing & Settlement

Process equity, bond, sukuk, money market, and fund transactions.

Verify trades against broker confirmations and investment instructions.

Submit settlement instructions through banking and custody platforms including S2B, Autobahn, and CitiVelocity.

Monitor settlement status and resolve discrepancies on a timely basis.

Process subscriptions and redemptions for target funds.

3. Corporate Actions Administration

Monitor local and foreign corporate action announcements.

Process cash dividends, stock dividends, rights issues, bonus issues, stock splits, and other events.

Coordinate with fund managers, trustees, and custodians on corporate action elections.

Maintain complete supporting documentation for audit and compliance purposes.

4. Regulatory & Compliance Reporting

Prepare and submit monthly Securities Commission (SC) reports within stipulated timelines:

Fund Management and Unit Trust Companies Report (FMC Report)

Statistical Returns Report

Investment Returns Report

Ensure proper classification of asset classes and countries.

Validate report data against valuation records, DPC reports, and operational data.

Support fund taxation estimates and other regulatory submissions.

5. Fund Administration & Reconciliation

Perform daily and monthly cash reconciliations against trustee bank statements.

Perform stock reconciliations against custody holdings.

Investigate and resolve reconciliation breaks promptly.

Prepare and distribute Daily Portfolio Compliance (DPC) reports.

6. Payment Processing

Verify invoices and process payments related to:

Management fees

Custody fees

Audit fees

Tax agent fees

Shariah advisory fees

Other fund-related expenses

Prepare trustee instruction letters and execute payments through trustee banking systems.

Maintain complete payment documentation and records.

Manage valuation and accounting activities for discretionary portfolio mandates including:

Perform trade processing, reconciliations, and portfolio valuation.

Prepare monthly, quarterly, and ad-hoc reports for stakeholders and Shariah advisers.

Calculate management fees and coordinate invoicing activities.

Provide timely responses to fund manager queries.

8. Hedging Operations

Process monthly hedging activities and foreign exchange gain/loss settlements.

Prepare payment instructions and manual journals for hedging transactions.

Review hedging entries and supporting documentation.

Liaise with Treasury, Investment Team, Trustee, and Finance on hedging matters.

Prepare monthly and annual income distribution calculations and projections.

Coordinate approvals from Investment, Management, Trustee, and Compliance teams.

Process distribution payouts and related communications.

Manage income purification for non-Shariah compliant investments.

Coordinate payment of purified income to approved charitable recipients and maintain supporting records.

10. Financial Reporting & Audit Support

Support preparation of annual, interim, and quarterly fund reports.

Assist auditors with audit requests and supporting schedules.

Prepare documentation relating to trial balances, general ledgers, reconciliations, payments, and fund records.

Support fund reporting and financial statement preparation activities.

Requirements

Qualifications

Bachelor's degree in accounting, Finance, Banking, Economics, or related field.

Professional qualifications such as ACCA, CPA, ICAEW, or CFA is an added advantage.

Minimum 3 years of experience in fund accounting, fund operations, investment operations, or financial services.

Bank Islam Malaysia Berhad is the pioneer of Islamic banking system in Malaysia. We have grown to become one of the nation’s leading financial institutions, providing a wide range of products and services to meet the financial and banking needs of all Malaysians, regardless of race and religion. A career with Bank Islam means an outstanding opportunity to develop a professional vocation in the ever-challenging banking industry. Be a part of an organisation that is totally committed to developing Malaysia as one of the leading global Islamic financial centres.

Follow our Careers IG @gobeyondatbankislam for more information on our culture and new career opportunities!

Bank Islam Malaysia Berhad is the pioneer of Islamic banking system in Malaysia. We have grown to become one of the nation’s leading financial institutions, providing a wide range of products and services to meet the financial and banking needs of all Malaysians, regardless of race and religion. A career with Bank Islam means an outstanding opportunity to develop a professional vocation in the ever-challenging banking industry. Be a part of an organisation that is totally committed to developing Malaysia as one of the leading global Islamic financial centres.

Follow our Careers IG @gobeyondatbankislam for more information on our culture and new career opportunities!