Fund Accountant

PwC Malaysia; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A multinational professional services firm in Kuala Lumpur is seeking an Associate in Tax Consulting to manage client onboarding, fund administration, and compliance processes. Ideal candidates should have a Bachelor's or Master's degree in Accounting or Economics with 1-2 years of experience in fund administration or a Big 4 audit firm. Responsibilities include preparing financial reports, liaising with auditors, and ensuring compliance with relevant regulations. This role demands attention to detail, strong communication skills, and proficiency in Microsoft Excel.

Benefits

Professional development programs

Health insurance

Flexible work arrangements

Qualifications

• 1-2 years of relevant experience in alternative investment fund administration or Big 4 audit firms.
• Knowledge of the asset, wealth management fund landscape.
• Competent knowledge of IFRS accounting standards.

Responsibilities

• Onboard new clients and set up funds into accounting systems.
• Provide quality fund administration services for investments.
• Preparation of NAV reporting and financial statements.

Skills

Accounting knowledge

Analytical thinking

Communication skills

Teamwork

Excel proficiency

Education

Bachelor's and/or Master’s degree in Accounting or Economics

Tools

Microsoft Excel

Allvue/Investran/eFront

Job description

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”).
• Preparation of monthly/quarterly/semi‑annual/annual Net Asset Value (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: incentive 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: responsible for the maintenance of 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 Skills & Responsibilities

• 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 International Financial Reporting Standards (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 mind‑set.
• 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.