Senior Associate - Fund Accounting

Waystone; Makati; On-site; PHP 390,600 - 558,000; Full time

Job summary

Waystone is looking for a Senior Associate – Fund Accounting in Makati, Philippines. The role involves ensuring accurate calculation of net asset values, processing capital activities, and assisting in audits for Investment Funds. Candidates should have a minimum of 2 years of accounting experience, proficiency in Microsoft Excel, and a degree in Business or a related field. This position requires attention to detail and the ability to work collaboratively with various internal and external stakeholders.

Qualifications

• Minimum 2 years of accounting experience, preferably in financial services.
• Strong proficiency in Microsoft Office, especially Excel.
• Experience with general accounting systems is a plus.

Responsibilities

• Calculate net asset values (NAVs) for Investment Funds.
• Process capital activities and trades in accounting systems.
• Prepare schedules related to Fund processes.

Skills

Accounting Experience

Microsoft Excel Proficiency

Attention to Detail

Education

University Degree in Business

Accounting Designation (CA, CPA, ACCA)

Job description

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

• 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 (i.e., 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 (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.