Associate - Fund Accounting

Waystone; Philippines; On-site; PHP 600,000 - 1,000,000; Full time

Job summary

Waystone, a global asset-management specialist, seeks a Senior Associate - Fund Accounting to join our Fund Accounting team in the Philippines. The role covers NAV calculations, fund processing, and timely client reporting.

You will manage client portfolios from start to finish, ensure IFRS/GAAP compliance, assist in audits, and collaborate with internal stakeholders, investment managers, brokers, and custodians.

Qualifications

• Minimum 2 years of accounting experience, preferably in financial services.
• Strong proficiency in Microsoft Office, especially Excel.
• Experience with general accounting systems is an advantage.
• High level of accuracy and attention to detail.

Responsibilities

• Manage client portfolios from start to finish and ensure timely, accurate NAV calculations.
• Understand fund accounting obligations per fund documents and policy.
• Process capital activities, trades, cash, income and expense transactions daily.
• Complete daily portfolio and cash reconciliations and resolve discrepancies.
• Assist in audits and prepare supporting financial statements and schedules.
• Coordinate with internal stakeholders, investment managers, brokers and custodians.

Skills

Accounting

Microsoft Office (Excel)

Attention to detail

Financial services experience

Education

Bachelor degree in Business/Accountancy

CA/CPA/ACCA designation (advantage)

Tools

Microsoft Excel

Accounting software

Job description

For over 20 years, Waystone has been at the cutting edge of specialist services for the asset management industry – partnering with institutional investors, investment funds and asset managers. We work with our clients to help build, support, and protect investment structures and strategies worldwide.

Our success depends upon our ability to attract and retain the best, most diverse talent and provide our employees with a broad spectrum of professional development opportunities. Our workplace environment is an inclusive one, where employees can be themselves, reach their full potential and drive business results.

Reporting to the reporting to the Vice President, Fund Accounting the Senior Associate - Fund Accounting will be an integral part of the team’s success.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The roles consist of managing a small number of client relationships, ensuring superior client service and the delivery of accurate information in a timely fashion. The Associate - Fund Accounting will have responsibility for their clients’ portfolios from start to finish. This will include (but is not limited to) the following:

• Ensure accurate and timely calculation of net asset values ("NAVs") for Investment Funds ("Funds").
• Understand the accounting and reporting obligations indicated by incorporation documents of the Funds.
• Process capital activities of the funds in the accounting systems, including commitments, capital calls, distributions, drawdowns, rebalances, and transfers.
• Process trades, cash, income, and expense transactions on a daily basis.
• Complete daily portfolio and cash reconciliation, investigate, and resolve any breaks/discrepancies.
• Update and maintain accounting records in accordance with IFRS, GAAP, and internal controls and policies.
• Process payment of expenses.
• Prepare schedules related to Fund processes, such as calls, distributions, and waterfall calculations.
• Assist in the audit process related to Funds, including preparation of annual financial statements with the necessary supporting information.
• Serves as point-of-contact for multiple clients (internal and external) at a daily operational level
• Liaise with internal stakeholders, investment managers, brokers & custodians daily where issues arise with regards to the day-to-day running of the fund
• Assist in training team members ie. onboarding colleagues as buddy or peer coaching.
• Contribute to process improvement on task delivery
• Complete any other additional ad hoc tasks or deliverables that may be assigned as needed or due to business demand.

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Experience:

• Minimum 2 years of accounting experience (ex. financial services experience is an advantage)
• Strong proficiency in the use of Microsoft Office, including Excel
• Experience in navigating general accounting systems is an advantage
• High level of accuracy and attention to detail

Education:

• 
  A university degree (B.A., B.Sc., M.B.A.) in Business preferably specializing in accountancy or another financial-related discipline
• An internationally recognized accounting designation (CA, CPA, ACCA or equivalent), is not required but is an advantage