Fund Accountant

PwC; Kuala Lumpur; On-site; MYR 45,000 - 60,000; Full time

Job summary

A global professional services firm in Kuala Lumpur is seeking an Associate in Tax services to provide comprehensive tax consulting and compliance support. The ideal candidate has a Bachelor's or Master's degree in Accounting or Economics and 1-2 years of relevant experience. Responsibilities include onboarding clients, preparing tax returns, and maintaining fund records. Strong Microsoft Excel skills and attention to detail are essential. This role offers a dynamic work environment with opportunities for professional growth.

Qualifications

• 1-2 years of relevant experience in alternative investment fund administration or Big 4 audit firms.
• Advanced knowledge in accounting for investment products.
• Professional, motivated self-starter with strong integrity.

Responsibilities

• Onboard new clients and set up funds into the accounting system.
• Prepare and file tax returns, and assist businesses in compliance.
• Maintain shareholder/investor register and process capital activities.

Skills

Attention to detail

Analytical mindset

Microsoft Excel

English proficiency

Team player

Education

Bachelor's or Master's degree in Accounting or Economics

Tools

Microsoft Word

Microsoft PowerPoint

Allvue/Investran/eFront

Job description

Overview

Line of Service Tax

Industry/Sector Not Applicable

Specialism General Tax Consulting

Management Level Associate

Job Description & Summary At PwC, our people in tax services focus on providing advice and guidance to clients on tax planning, compliance, and strategy. These individuals help businesses navigate complex tax regulations and optimise their tax positions. Those in tax compliance at PwC will focus on validating clients' compliance with tax laws and regulations. You will review and analyse financial data, prepare and file tax returns, and assist businesses in meeting their tax obligations while minimising risks of non-compliance.

Responsibilities

• Onboard new clients and set up new funds and fund structures into the accounting system in accordance with governing documents (i.e., PPM, LPA, etc).
• Provide quality accounting/bookkeeping and fund administration service for closed-ended/evergreen Alternative Investments Funds (Private equity/Venture Capital/Real Estate and Fund-of funds) including family offices (the “Funds”).
• Prepare monthly/quarterly/semi-annual/annual Net Asset Value (the “NAV”) reporting pack which includes: Trial balances and general ledgers; Cash and investment portfolio reconciliation; Expenses accruals (Fund-related expenses, Fund Administration fees, Management fees, etc); Calculation of (i) Performance fees: incentives fees, carried interests, and/or distribution waterfall and (ii) Clawback calculations, etc.; Invoice processing (including handling client’s payments and receipts); Dividend and interest accruals; Partners’ capital statements, management accounts and other deliverables (if required) - Knowing consolidation, a plus; Drafting of financial statements and related IFRS disclosures in accordance with audit standards; Facilitate annual audits of the Funds and liaise with the auditors to ensure timely completion of audit; Assist senior fund accountants to take care of day-to-day operation of the funds which includes resolving accounting issues and client service matters.
• Transfer Agency Services: Maintain the shareholder/investor register; Prepare capital call/distribution/redemption/conversion/share transfer calculations and process these in a timely manner; Coordinate documentation for capital activities to ensure AML compliance alongside AML analyst; Manage commitment agreements and subscription forms including monitoring of commitments, drawdowns, and uncalled commitments.

PwC Professional

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As an Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm's code of ethics and business conduct.

Requirements

• You hold a Bachelor and/or master’s degree in accounting or economics.
• You have at least 1 to 2 years of relevant experience in alternative investment fund administration or any Big 4 audit firms.
• You have knowledge and understanding of the asset, wealth and management fund industry landscape and operations (including valuation in private companies, debts, etc), accounting and payment procedures.
• You have 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 IFRS.
• 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 mindset.
• Possess team spirit, a capacity to build strong client relationships and take initiative to act without waiting for direction (when appropriate).
• Advanced level Microsoft Excel, proficient with MS Word, MS PowerPoint.
• Knowledge and prior experience on Allvue/Investran/eFront, a plus
• Good verbal and written communication skill in English. Additional proficiency in Mandarin will be an advantage.

Education (if blank, degree and/or field of study not specified)

Certifications (if blank, certifications not specified)

Available for Work Visa Sponsorship? No

Government Clearance Required? No

Job Posting End Date