Asset & Wealth Managed Services (AWMS) - Associate Fund Accountant

PwC; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading professional services firm in Singapore is seeking a Fund Office Support Services professional to join their Asset and Wealth Management team. The role involves managing a portfolio of clients, ensuring quality service, and preparing financial reports. The ideal candidate should have a relevant degree along with 1-3 years of experience in fund administration, strong accounting knowledge, and excellent communication skills. The position offers a dynamic environment with opportunities for collaboration across functions.

Qualifications

• Minimum 1 to 3 years of relevant experience in alternative investment fund administration or Big 4 audit firms.
• Good knowledge of Singapore fund structures and regulatory requirements.
• Familiarity with compliance and KYC procedures.

Responsibilities

• Onboard new clients and manage fund structures in accounting system.
• Prepare NAV reporting packs and assist with audits.
• Maintain investor register and manage capital call processes.

Skills

Alternative investment fund administration

Accounting knowledge

Communication skills

Client relationship management

Analytical mindset

Education

Bachelor's/Master's degree in Accounting or Economics

Tools

MS Excel

Allvue System

Job description

Description

Summary: Our Fund Office Support Services in Asset and Wealth Managed Services (AWMS) is expanding rapidly. We are Singapore’s leading Asset and Wealth Management team, offering a dynamic and fast-paced working environment. You will be responsible for a portfolio of fund manager, family office and asset owner clients and will work as part of a team to meet their needs. You will be responsible for a portfolio of client engagements to meet objectives and budget successfully. You will act as the liaison and point of contact for these clients; effective day-to-day management of clients and building and maintaining client relationships are crucial. You will ensure that all deadlines and milestones are met, uphold high standards for work quality, risk management, issue escalation/resolution and client delivery. You will understand client issues and manage stakeholder expectations by translating them into quality outputs/deliverables. You will work closely with other functions (e.g., Tax, Valuation) within PwC and address client needs by bringing relevant firm expertise to client discussions.

Specific responsibilities include the following:

Fund Accounting

• Onboard new clients and set up new funds and fund structures into the accounting system in accordance with governing documents (e.g., PPM, LPA).
• Provide quality accounting/bookkeeping and fund administration service for open-ended/closed-ended/evergreen Alternative Investments Funds (Private equity/VC/Real Estate and Fund-of-funds), including family offices (the “Funds”).
• Prepare monthly/quarterly/semi-annual/annual NAV reporting packs including detailed trial balance, balance sheet, statement of operations, investment and bank reconciliation, and investment holdings report.
• Draft financial statements and related FRS/IFRS/RAP 7/US GAAP disclosures in accordance with accounting standards.
• Oversee and facilitate audits of the Funds and liaise with auditors to ensure timely completion.
• Follow up with clients on accounting records and issues and develop solutions to these issues.
• Assist senior fund accountants with day-to-day operations of the funds, including resolving accounting issues and client service matters.
• Ensure an optimal level of client service and timely deliverables that meet quality standards.

Transfer Agency Services

• Maintain the shareholder/investor register.
• Prepare capital call/distribution/redemption/conversion/share transfer calculations and process them promptly.
• Coordinate documentation for capital activities to ensure AML compliance.
• Manage commitment agreements and subscription forms, including monitoring commitments, drawdowns, and uncalled commitments.
• Deliver the organisation's FATCA/CRS/K1 service offering to clients.

Investors Services

• Assist with new client onboarding and ensure proper fund and fund structure set ups within the accounting system in accordance with governing documents (e.g., PPM, LPA).
• Assist senior fund accountants in liaising, discussing, and resolving issues surrounding client onboarding with fund managers and stakeholders.
• Maintain and enforce adherence to the Fund’s policies and procedures to safeguard clients’ interests.
• Prepare investor onboarding documents to ensure AML/KYC compliance.
• Handle day-to-day fund operations and follow up with third parties such as investors and fund managers.
• Assist in organizing board meetings and shareholders’ meetings.
• Maintain client relationships, inquiries, and meetings.

Operational Support

• Assist in setting up new client accounts and transitions by preparing required documentation and ensuring accurate system entries.
• Support resolution of routine fund accounting and administration issues by coordinating with relevant stakeholders.
• Provide timely updates to senior team members on any material issues affecting deliverables.
• Monitor and track performance to meet SLA requirements.
• Identify process improvement opportunities and suggest ways to enhance operational efficiency.
• Help maintain internal controls and compliance with SSAE 16 requirements through accurate record-keeping and adherence to procedures.

FA/TA Operational and Organisational Readiness and System Implementation

• Assist in maintaining and updating Fund Accounting (FA) and Transfer Agency (TA) operational processes and system setups to meet evolving business needs.
• Support efforts to improve work processes by identifying inefficiencies and suggesting practical enhancements, including leveraging technology for scalability and efficiency.
• Provide administrative and documentation support for system implementation activities, ensuring accurate data entry and adherence to established procedures.

Attributes & Skills

• You hold a Bachelor’s and/or Master’s degree in Accounting or Economics.
• You have a minimum 1 to 3 years of relevant experience in alternative investment fund administration, Big 4 audit firm, or domiciliation.
• You have good knowledge of the family office, asset and wealth management industry landscape and operations (including valuation in private companies, debts, etc.), accounting and payment procedures.
• You have good knowledge of Singapore fund structures (e.g., Singapore Variable Capital Company (VCC), Singapore Private Limited (Pte. Ltd.), Singapore limited partnerships and unit trusts).
• You have knowledge of accounting for investment products, ideally with funds-of-funds, single-manager funds, venture capital, real estate and private equity funds are an asset.
• Competent accounting knowledge in Singapore FRS/IFRS/RAP 7 and US GAAP standards.
• Previous experience in compliance and KYC procedures.
• Familiar with Singapore regulatory filing requirements.
• Professional, confident, and highly motivated self-starter with the ability to handle multiple engagements/projects in a fast-paced environment with tight deadlines, good learning mindset and strong team player.
• Possess strong values, personal integrity, and emotional intelligence.
• Meticulous attention to detail with an analytical mind-set.
• Team-oriented with the ability to build strong client relationships and take initiative.
• Advanced MS Excel, and proficiency in MS Word and MS PowerPoint.
• Knowledge and prior experience with Allvue System is a plus.
• A professional designation such as CA, CPA, or CMA would be an asset.