Assistant Manager, Fund Accounting (Real Estate)

Vistra; Santo Niño 1st; Hybrid; PHP 4,429,000 - 6,398,000; Full time

Benefits offered by this job

Flexible hybrid work arrangement

Celebration leave

Medical insurance

Dental coverage

Wellness allowance

Annual leave entitlement

Mentorship program

Professional membership reimbursement

Job summary

Vistra is seeking an Assistant Manager, Fund Accounting (Real Estate) to lead client service for a Singapore-based portfolio. You will review financials, draft IFRS/US GAAP disclosures, and ensure accurate capital calls, distributions, and waterfall calculations.

You will oversee fund accounting processes, coordinate with investors and internal teams, and mentor staff while supporting strategic fund reporting and INREV requirements.

Qualifications

• Degree in Accountancy (CPA/ACCA/ACA), Finance, or equivalent.
• 5–6 years of accounting/auditing experience, with at least 3 years in the real estate fund industry, in a supervisory capacity.
• Sound knowledge of Singapore FRS/IFRS and US GAAP.
• Knowledge of INREV reporting preferred.
• Strong understanding of Fund Structures, Fund Accounting, Equalisations, Calls/Distributions, and Waterfall Models.
• Effective client relations, teamwork, and management skills.
• Strong time management and multitasking skills.
• Analytical, independent and resourceful.
• Familiarity with Yardi Investment Management and process improvement is advantageous.

Responsibilities

• Be the primary client service contact for the assigned portfolio and respond promptly to client requests.
• Lead discussions with clients on operational matters and critical issues.
• Review financial statements, management accounts, and accounting packages.
• Draft disclosure wordings for IFRS/US GAAP and INREV reporting.
• Review Capital Account Statements and Net Asset Values.
• Read fund documents and explain key terms to team members.
• Review capital calls and distribution notices; prepare waterfall and equalization workings.
• Coordinate with fund investors to meet reporting requirements.
• Work with Cash Management, Investor Services, Corporate Secretarial and Vistra offices for smooth operations.
• Provide training to staff on accounting and real estate topics.
• Undertake management and special projects as assigned.

Skills

Client relations

Teamwork

Management skills

Time management

Multitasking

Analytical

Independent

Resourceful

Education

CPA/ACCA/ACA

Degree in Accountancy or Finance

Tools

MS Excel

MS Word

Yardi Investment Management

Job description

It's never been a more exciting time to join Vistra.

At Vistra, our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business to help our clients achieve progress without friction. But progress only happens when people come together and take action. And we're absolutely committed to building a culture where our people can do just that. We have an exciting opportunity for you to join our team as

Assistant Manager, Fund Accounting (Real Estate).

This full-time and permanent position is based in Singapore.

Key Responsibilities:

• Be the primary client service contact for the assigned portfolio. Monitor and respond promptly to client requests. Strengthen client relationships.
• Lead discussions with clients on operational matters and critical issues that need to be addressed.
• Review financial statements, management accounts, and accounting packages.
• Be proficient in drafting disclosure wordings for IFRS/US GAAP accounting conventions and INREV reporting.
• Review Capital Account Statements and Net Asset Values.
• Read and understand fund documents, such as subscription documents, partnership agreements, and shareholder agreements, for existing and new funds, and explain the key terms to team members.
• Review capital call and distribution notices.
• Prepare/review waterfall and equalization workings.
• Coordinate and liaise with fund investors to meet their specific reporting requirements.
• Review investor requests and any ad hoc requests from clients.
• Work closely with other teams (i.e. Cash Management, Investor Services, Corporate Secretarial, and other Vistra offices) to ensure overall operations are running smoothly.
• Provide formal and informal training to staff on both accounting and real estate/industry-related aspects.
• Undertake management, general administration, and other special projects as assigned by Management.

Key Requirements:

• Degree in Accountancy (CPA/ACCA/ACA), Finance, or equivalent.
• At least 5-6 years of accounting/auditing experience, with at least 3 years in the real estate fund industry, part of which must have been in a management or supervisory capacity.
• Sound knowledge of Singapore FRS/IFRS and US GAAP.
• Knowledge of INREV reporting preferred.
• Solid understanding of operational functions, including Fund Structures, Fund Accounting, Equalisations, Calls/Distributions, and Waterfall Models.
• Effective client relations, teamwork, and management skills.
• Strong time management and multitasking skills.
• Analytical, independent, and resourceful.
• Familiarity with Yardi Investment Management and experience in process improvement will be advantageous.
• Strong working knowledge of MS Excel and MS Word.

Company Benefits:

At our Singapore office, we believe in putting our employees' well-being first! We offer a flexible hybrid working arrangement and celebration leave. Additionally, we provide comprehensive medical insurance and dental coverage, a wellness allowance, and a competitive annual leave entitlement to support your well-being and give you time to recharge or explore your passions outside of work. As advocates of continuous learning and professional development, we provide an internal mentorship program and reimburse professional membership fees for certifications like CA or ACCA, ensuring you stay ahead in your field.