Fund Accounting Manager - Credit Based Funds

HedgeServ Corporation, HedgeServ Limited; Manila; On-site; PHP 669,600 - 892,800; Full time

Benefits offered by this job

Remote and hybrid working arrangements

Fully paid comprehensive health benefits

Job summary

HedgeServ Corporation is looking for a Fund Accounting Manager in Manila to oversee the NAV calculation process for credit-based funds. Responsibilities include managing client relationships, ensuring timely NAV delivery, training and developing a team of up to 10 employees, and contributing to compliance and audit processes. Candidates should have 5 years in Fund Administration and a degree in Accounting, Finance, or Business. HedgeServ values innovation, employee well-being, and professional development.

Qualifications

• 5 years’ experience in a Fund Administration Firm on credit based funds.
• At least 3 years at a supervisor level.
• Intention to pursue a professional accounting qualification.

Responsibilities

• Manage the overall NAV calculation process.
• Ensure timely and accurate delivery of NAV calculations.
• Develop and improve NAV calculation workflows and procedures.

Skills

Detailed knowledge of bank loans

Strong analytical and problem-solving skills

Strong English verbal and written communication

Interpersonal skills

Flexibility in team structure

Education

Accounting, Finance, Legal or Business Degree

Job description

# Work With UsFund Accounting Manager page is loaded## Fund Accounting Managerlocations: Manilaposted on: Posted Todayjob requisition id: R6501At HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation.Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.A Fund Accounting Manager (Credit based funds) will be required to manage the overall NAV calculation process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Director and Managing Director. They will ensure the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. Every Fund Accounting Manager will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional client-specific training is provided by the Director and Managing Director.**Key Accountabilities:*** Managing client relationships involving interaction with both the client and the relevant Fund Accounting Director to ensure consistency of service.* Ensure the assigned fund accounting team operates within the clearly defined and documented control environment.* Manage and develop client teams of up to 10 employees.* Resolve fund accounting enquiries escalated by Supervisor or Administrator.* Ensure all aged items on cash and position reconciliations are resolved timely.* Review daily and monthly/quarterly NAV calculations of credit based funds.* Develop and improve NAV calculation workflows and procedures.* Perform comprehensive review of bankloan position & P&L with a detailed verification of bankloan trading, events (paydowns,drawdowns,PIKs) and income components ( including delayed compensation).* Analyze and capture complex bank loan restructuring events, maintaining detailed records and ensuring compliance with regulatory requirements.* Review fee calculations and profit and loss allocations.* Review applicable monthly, yearly and inception to date performance.* Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements.* Investigate accounting implications of new products.* Manage and complete client initialization and transition* Participate in development and presentation of fund accounting training.* Manage fund accounting recruitment, training and performance evaluations.* Resolve exceptional problems and take on special projects or tasks as assigned.* Handle complex calls from clients.* Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Client Servicing and Compliance departments within HedgeServ.* HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee. As such a Fund Accounting Manager should be flexible and willing to adapt.* A Fund Accounting Manager should be capable of managing a team of up to 10 staff servicing clients with various requirements and deadlines**Pre-requisite knowledge, skills and experience for this Fund Accounting Manager job:*** 5 years’ experience working in a Fund Administration Firm on credit based funds, with at least 3 of those at supervisor level is desired* Detailed knowledge of bank loans (Broadly Syndicated Loans, Private Credit, Bankloan TRS, Structured Credit Facilities) required* Accounting, Finance, Legal or Business Degree. Min. 2.2 honors degree* Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required.* IT Literate* Strong English verbal and written communication skills* Strong analytical and problem-solving skills* Ability to be flexible and work effectively both within a team structure or independently.* Strong interpersonal skills* Good initiative tempered with identifying when escalation is required.* Strong systems, product and process knowledge* Reliable and Dependable* Approachable* Committed* Ability to positively influence team morale* Demonstrate leadership skills* Take ownership of designated tasks* Act as a role model for HedgeServ LtdAt HedgeServ, our people are at the core of everything we do. We aspire to grow and challenge the status quo and it is our high calibre talent that drives our progress.We deliver success with the biggest clients because we have the best people working for us. We're committed to rewarding performance with competitive salary & benefits packages and ongoing learning and development opportunities.If you’d like a challenging and rewarding career, we’d love to hear from you.HedgeServ has a culture of innovation, excellence, and continuous improvement which has continued to evolve through our employees. Our corporate values create a sense of shared purpose and belonging as we work together to achieve the vision and mission of HedgeServ. We experience successful results through demonstrating the below values and behaviors which are at the core of how we communicate with employees and clients.* We work collaboratively, focusing on end-to-end ownership and autonomy in our processes.* We share knowledge across our teams and offices to gain expert and diverse views.* We develop long-term relationships through investment and commitment to our employees and clients.* We communicate in personal, inviting, and authentic ways whether face-to-face or virtually.* We focus on employee health and well-being.* We are empathetic and committed to diversity and inclusion.* We listen to each other and think about what we want to say and then respond.* We embrace corporate social responsibility and our ability to impact and enrichen the lives of our team, their families, our clients, and the world around