Fund Accounting Manager - Credit Based Funds

HedgeServ; Manila; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

HedgeServ in Manila seeks a Fund Accounting Manager to oversee NAV calculations for credit-based funds and lead a team of up to 10 staff. The role emphasizes client relationship management and adherence to HedgeServ guidelines under senior leadership supervision.

Ideal candidates will have 5 years in fund administration, deep knowledge of bank loans, and strong English communication. IT literacy and professional qualification pursuit are advantageous.

Qualifications

• Minimum 5 years in fund administration, at least 3 at supervisor level.
• Detailed knowledge of credit-based funds and bank loans.
• Strong analytical and problem-solving skills.
• IT literate with good systems/process knowledge.

Responsibilities

• Manage client relationships and coordinate with Fund Accounting Director/MD.
• Ensure timely and accurate NAV calculations for credit-based funds.
• Oversee a team of up to 10 staff; handle escalations and training.
• Review bank loan P&L, restructurings, and related events.
• Contribute to audits, financial statements, and policy improvements.

Skills

Education

Accounting/Finance degree

2.2 honors or above

Strong English communication

Job description

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
• Amenable to work European hours

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
• Ability to positively influence team morale