Fund Accountant

gradmalaysia.com; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading financial services firm in Kuala Lumpur is seeking a skilled professional responsible for onboarding clients and managing funds within the accounting system. This role involves providing high-quality bookkeeping, preparing financial reports, calculating performance fees, and facilitating audits. Ideal candidates should demonstrate strong analytical skills and have a background in fund administration, ensuring compliance and effective operational support.

Responsibilities

• Onboard new clients and set up funds in the accounting system.
• Provide quality bookkeeping and fund administration for alternative investments.
• Prepare monthly, quarterly, and annual NAV reporting packs.
• Handle trial balances, general ledgers, and reconciliations.
• Calculate performance and clawback amounts.
• Manage invoices and client payments.
• Draft financial statements in accordance with IFRS.
• Facilitate audits and liaise with auditors.
• Assist in day-to-day fund operations.

Job description

Responsibilities

• Responsible to onboard new clients and set-up new funds and fund structures into the accounting system in accordance to governing documents (i.e., PPM, LPA, etc).
• Responsible for providing 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 (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 International Financial Reporting Standards (“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.
• Co-ordinate documentation for capital activities to ensure AML compliance alongside AML analyst.
• Management of commitment agreements and subscription forms including monitoring of commitments, drawdowns, and uncalled commitments.