Fund Accountant - Credit based Funds

HedgeServ; Manila; Hybrid; PHP 600,000 - 800,000; Full time

Job summary

HedgeServ Philippines is seeking a Fund Accountant (Credit-based Funds) to support NAV production, reconciliations, and processing of corporate actions under supervision. The role emphasizes accuracy, timeliness, and adherence to HedgeServ procedures, with induction and AML/KYC training provided.

The successful candidate will perform daily NAV checks, cash and position reconciliations, and assist during audits, while working in a hybrid setup and aligning with European hours.

Qualifications

• 1+ years' experience in a similar role
• Accounting, Finance, Legal or any business related degree course
• Intention to actively pursue a professional accounting qualification CPA is an advantage
• IT literate
• Strong verbal and written communication skills
• Strong analytical and problem-solving skills
• Strong attention to detail and well organized
• Ability to work under pressure and to tight deadlines
• Ability to be flexible and work effectively both within a team structure and independently
• Strong inter-personal skills
• Good initiative tempered with identifying when escalation is required.

Responsibilities

• Assist in the production of NAV of credit based funds
• Perform cash, position and market value reconciliations
• Identify and investigate break items on reconciliations
• Escalate fund accounting issues to supervisor
• Ensure all positions are priced correctly
• Verify corporate actions and bank loan events
• Prepare accrual checks and daily P&L reports
• Calculate and process income and expense accruals
• Comply with defined checklists and controls
• Assist in the audit process if required
• Attend team meetings
• Liaise with internal departments to resolve issues
• Meet pre agreed deadlines
• Adapt to a client-focused structure and hybrid work model

Skills

IT literate

Communication skills

Analytical skills

Attention to detail

Teamwork

Time management

Independence

Education

Accounting/Finance degree

Tools

Excel

Fund accounting software

Job description

A Fund Accountant (Credit-based Funds) will be required to execute the following tasks within the fund accounting or NAV department. They shall be executed within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Supervisor and Fund Accounting Manager. Reconciliation, trade capture, processing corporate actions and pricing are an integral part of the Fund Accountant's role. They will be required to perform these core tasks accurately and in a timely and efficient manner. Every Fund Accountant will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional, client-specific training will be provided by the NAV Supervisor.

Key Accountabilities of the Rolе

The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs.

• Assist in the production of daily, weekly and monthly NAV of credit based funds, ensuring completion of specified tasks per NAV checklists
• Perform cash, position and market value reconciliations between HedgeServ, brokers and clients
• Identify and investigate break items on reconciliations in a timely manner
• Escalate fund accounting issuesand aged items to the Fund Accounting Supervisor
• Ensure all positions are priced correctly
• Verify corporate actions and bank loan events to ensure accurate processing
• Prepare fixed income and bank loan (including delayed compensation) accrual checks
• Prepare daily profit and loss reports and review for reasonableness
• Calculate and process income and expense accruals including fee calculations and trading accruals
• Comply with HedgeServ's defined checklists, procedures and controls
• Assist in the audit process if required
• Attend and participate in team meetings
• Converse and liaise with internal service departments to resolve miscellaneous fund issues.
• Ensure pre agreed internal and external deadlines are met consistently
• HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee
• As such a Fund Accountant should be flexible and willing to adapt
• Amenable to work during European hours
• Hybrid working arrangements - may be required to spend time working in the office as well as working from home

Pre-requisite knowledge, skills and experience

• 1+ years' experience in a similar role
• Accounting, Finance, Legal or any business related degree course
• Intention to actively pursue a professional accounting qualification CPA, is not required but would be an advantage.
• IT Literate
• Strong verbal and written communication skills
• Strong analytical and problem-solving skills
• Strong attention to detail and well organized
• Ability to work under pressure and to tight deadlines
• Ability to be flexible and work effectively both within a team structure and independently
• Strong inter-personal skills
• Good initiative tempered with identifying when escalation is required.