Fund Accounting Specialist

HCGLOBAL RESOURCE (ASIA), INC.; Iloilo City; On-site; PHP 300,000 - 600,000; Full time

Job summary

HCGLOBAL RESOURCE (ASIA), INC. is seeking a Middle and Back Office professional to support Geneva clients with fund pricing, trade processing, and financial reporting. The role includes daily equity reconciliations, preparing balance sheets, and allocating management and performance fees with attention to accuracy and deadlines.

The candidate will handle document gathering, reporting packages, and ad hoc requests, while monitoring client communications and supporting annual audit preparations.

Responsibilities

• 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.

Job description

HCGLOBAL RESOURCE (ASIA), INC. is seeking a Middle and Back Office professional to support Geneva clients with fund pricing, trade processing, and financial reporting. The role includes daily equity reconciliations, preparing balance sheets, and allocating management and performance fees with attention to accuracy and deadlines.

The candidate will handle document gathering, reporting packages, and ad hoc requests, while monitoring client communications and supporting annual audit preparations.