Vice President - Fund Accounting

Waystone; Philippines; Hybrid; PHP 2,500,000 - 4,500,000; Full time

Job summary

Waystone leads the way in specialist services for the asset management industry. The Vice President - Fund Accounting will oversee client portfolios end-to-end, manage a team, and ensure timely, accurate reporting in line with client requirements.

Based in the Philippines, this senior role partners with internal stakeholders and external clients to drive excellence in financial statements, NAVs, cash flows, and performance metrics while maintaining the highest standards of control and ethics.

Qualifications

• 8+ years in accounting with fund accounting exposure.
• Minimum 5 years in fund accounting, hedge funds or private equity preferred.
• Managerial or supervisory experience a plus.

Responsibilities

• Lead and develop a team of AVPs and associates to deliver fund accounting services.
• Facilitate training and onboarding for new staff and ongoing skill development.
• Participate in recruitment discussions and decisions for the team.
• Ensure onboarding of new hires and alignment with policies.
• Monitor compliance with company standards and business ethics.
• Oversee discipline, investigations and corrective actions when required.
• Manage workload distribution and staff engagement and development.
• Communicate management direction to the team and report back outcomes.
• Review client deliverables within agreed timelines and ensure accuracy.
• Oversee daily processing of trades, cash, income, and expenses.
• Reconcile daily cash positions and NAV calculations per client requirements.
• Prepare and review financial statements and tax schedules for year-end audits.
• Act as day-to-day point of contact for multiple clients.

Skills

Team leadership

Training & development

Recruitment & onboarding

Policy compliance

Communication

Performance monitoring

Confidentiality & ethics

Project management

Fund accounting systems

Education

Bachelor's degree in Business/Finance

CA/CPA/ACCA or international accounting certification (advantage)

Tools

InvestOne

eFront

Investran

Job description

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years' experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary: Reporting to the Associate Director Fund Accounting, the Vice President Fund Accounting will be an integral part of the team’s success.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The role consist of managing a number of client relationships, ensuring superior client service and the delivery of accurate information in a timely fashion. The Vice President - Fund Accounting will have responsibility for their clients’ portfolios from start to finish. This will include (but is not limited to) the following:

• Management of a team consisting of Assistant Vice Presidents, Associates & Sr. Associates.
• Conduct, facilitate, delegate and monitor the training of team members including the use of relevant accounting software and applications.
• Assist with recruitment process and provide recommendations for hiring decision
• Ensure successful onboarding of new employees and seek assistance from Assistant Vice President or other team members as needed
• Ensure proper alignment & implementation of company policies, procedures or standards
• Monitor adherence of employees to company standards and business ethics
• Execute employee discipline on process, procedures and standards including investigation and corrective action decisions.
• Responsible for proper management of staff including workload distribution within the team, continued engagement, retention, professional development and wellness of team members.
• Ensure timely and proper communication of management direction or decisions to the team and vice versa.
• Conducts performance monitoring, review and support employee development to drive consistent high performance of the team.
• Maintain confidentiality of employee information, objectivity and equity in their exercise of Manager discretion and approvals.
• Review client deliverables of team members in accordance with agreed timelines.
• Responsible for managing the processing of trades, cash, income and expenses on a daily basis.
• Responsible for managing the daily cash and positions reconciliations.
• Responsible for the review and/or calculation of Net Asset Values in line with clients' requirements.
• Responsible for preparation and/or review of expense payments
• Responsible for preparation and review of financial statements, supporting information and tax schedules in relation to the year-end audit
• Serves as point-of-contact for multiple clients (internal and external) at a daily operational level.
• Manage client-specific requests and define projects to develop processes to improve the product offering
• Understanding of fund structures, investment strategies, management and performance fee calculations, profit/loss allocation and currency class hedging.
• Liaise with internal stakeholders, investment managers, brokers & custodians where issues arise with regards to day-to-day running of the fund.
• 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 accommodations may be made to enable individuals with disabilities to perform the essential functions.

Experience:

• Overall 8 years of experience in Accounting field
• Minimum 5 years of Fund Accounting experience is required (ex. Hedge funds, private equity)
• Financial Reporting experience an advantage
• Minimum 3 years prior managerial or supervisory experience an advantage
• Experience in navigating fund accounting systems (ex. Invest One, eFront, Investran is an advantage

Education:

• A university degree (B.A./ B.Sc./ M.B.A.) in Business (preferably specializing in accountancy or another financial-related discipline).
• Professional certification CA, CPA, ACCA or equivalent or other international accounting certifications is an advantage