Associate Accountant - Makati/Ortigas

HCGLOBAL RESOURCE (ASIA), INC.; Philippines; On-site; PHP 446,000 - 725,000; Full time

Job summary

HCGLOBAL RESOURCE (ASIA), INC. is seeking a detail-oriented accounting professional for middle and back-office functions in the Philippines.

The role involves collecting supporting documents, calculating fund pricing for Geneva clients, and recording daily trade activity into HC Global’s portfolio accounting system. You will prepare daily reconciliations, generate financial reports, and ensure appropriate allocation of fees and taxes.

Qualifications

• Bachelor’s degree in Accountancy required.
• Fresh graduates and newly licensed CPAs welcome.
• Team player capable of working independently and in a group.
• Good business understanding of financial concepts and procedures.
• Analytical and very detail-oriented.
• Willingness to expand hours and work onsite as needed.

Responsibilities

• Gather information for recurring expenses and supporting documents (legal fees, audit fees, admin fees, tax fees, director’s fees, etc.).
• For Geneva clients, perform pricing of funds’ investments using external price sources.
• Upload daily trade transactions from prime broker FTPs and record in portfolio accounting.
• Prepare daily equity and, if needed, position and cash reconciliations; investigate breaks.
• Prepare and update financial reports (trial balance, income statement, balance sheet, capital changes, allocations, etc.).
• Ensure correct monthly partners’ allocations and proper accounting of management and performance fees.
• Classify incomes and expenses for tax purposes; ensure accurate gross and net returns by partner.
• Prepare working papers and reporting packages; assist in audits and year-end schedules.
• Prepare accounting entries for Geneva clients and monitor client communications for timely support.
• Assist in coordinating annual audits and prepare audit working papers and schedules.
• Organize work, set priorities, and meet critical deadlines.

Skills

Analytical

Detail-oriented

Team player

Financial concepts

Education

Bachelor's degree in Accountancy

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.

Job Specifications:

• Graduate of Bachelor’s degree in Accountancy;

• Fresh graduates and newly licensed CPAs are welcome to apply.

• A team player; must be able to work individually and as part of a team;

• Has a good business understanding of financial concepts and procedures;

• Analytical and very detail-oriented;

• Flexibility to expand work hours as necessary and support business needs.

• Work onsite for 6 months and at least twice a week onsite upon regularization.