Associate Accountant - Makati City (CPA/Non-CPA)

HCGLOBAL RESOURCE (ASIA), INC.; Makati; On-site; PHP 600,000 - 900,000; Full time

Job summary

HCGLOBAL RESOURCE (ASIA), INC. seeks a seasoned accounting professional to support middle and back office functions for funds. You will gather documents, upload trade data, prepare financial reports, perform reconciliations, and assist with annual audits alongside Geneva clients.

Strong attention to detail and timely delivery are essential. The role involves coordinating with auditors, preparing working papers, and ensuring accurate allocation and recording of expenses and income in multi-entity

Responsibilities

• Gathers all information required (external statements, prime broker reports, custodian statements, and supporting documents for recurring expenses).
• Performs pricing for Geneva clients using external sources’ prices.
• Uploads daily trade transactions, dividends, interest, corporate actions, and cash activity into portfolio accounting and records.
• Prepares daily equity reconciliation and, if required, position and cash reconciliation; investigates trade breaks.
• Prepares and updates financial reports (trial balance, income statement, balance sheet, capital changes, investor allocations, management fees).
• Ensures correct monthly partner allocations per capital or commitment ratios; allocates management and performance fees per LP agreements.
• Ensures expenses are accrued and income/expense items are recorded in allocation files and tax classifications.
• Ensures correct classification of income and expenses for tax purposes; validates monthly/quarterly/YTD returns for LPs.
• Prepares working papers with proper notations; submits reporting package for review.
• Prepares accounting entries for Geneva clients with proper supporting documents.
• Monitors client mailboxes and saves necessary emails and supports promptly.
• Responds to ad hoc requests including distributions and drawdowns; prepares wire entries for Cash Control engagements.
• Performs peer reviews of investor statements as needed.
• Assists in coordinating annual audits; prepares audit working papers and year-end schedules; collaborates with auditors on notes and disclosures.
• Prepares fund financial statements and drafts timely statements for level review; manages priorities and deadlines.

Job description

Duties and Responsibilities:

Middle and Back Office Functions

• Gathers all information required (i.e. external statements, i.e., prime broker reports and custodian statements, supporting documents for recurring expenses including legal fees, audit fee, admin fees, tax fees, director's fee, etc.).
• For Geneva clients, performs pricing of funds' investments using prices from external sources.
• Uploads daily trade transactions from the prime broker's FTP sites or trade blotter including the daily dividends, interest, corporate actions, and cash activities and record them in the HC Global's portfolio accounting.
• Prepares daily equity reconciliation for each fund and if required by the engagement, also prepares position and cash reconciliation. Investigates any trade breaks and reconciling items on the reconciliation
• Based on downloaded reports and other calculations, prepares and/or updates the financial reports (trial balance, income statement, balance sheet, statement of changes in capital accounts, investors' monthly and YTD allocations, capital letters, summary of expenses, schedule of management fees, etc.).
• Ensures that the monthly partners' allocation is allocating the correct profit and loss based on the straight capital ratios or commitment ratios, whichever is the case maybe.
• Ensures that management fees and performance fees are allocated according to the limited partnership agreements.
• Ensures that all expenses are accrued, and all income and expense items are recognized in the appropriate tabs in the allocation file.
• Ensures that all income and expenses are classified in the right income and expense character for income tax purposes.
• Ensures the correctness of the monthly, quarterly and year to date gross and net returns for each limited partner.
• Ensures that all working papers are appropriately labelled and with proper notations and/or cell comments.
• Prepares the reporting package for next level review.
• Prepares all accounting related entries for Geneva clients, ensuring that all transactions have appropriate support.
• Monitors client mailboxes/distribution lists and saves all necessary emails and supports on a timely manner.
• Prepares ad hoc requests received from client, including but not limited to, distributions, drawdowns, etc.
• Prepares wire entries in the treasury portal for engagements with Cash Control services.
• Performs peer review of Investor statements, as needed.

Assists in coordinating annual audits of clients' financial statements.

• Prepares working papers in a way that ensures that all audit requirements are handy for the auditors.
• Prepares year-end schedules for independent auditors including cost roll forward, cash reconciliation, statement of cash flows, and financial highlights and other working papers supporting the balances and disclosures in the financial statements.
• Prepares each fund's financial statements and works closely with the respective fund's auditors for note disclosures.
• Prepares and submits draft financial statements on a timely basis for next level review.
• Organizes own work, setting priorities and meeting critical deadlines.