Assistant Manager, Fund Accounting (Real Estate)

vistra alternative investments (singapore) pte. ltd.; Singapore; On-site; SGD 65,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental coverage

Wellness allowance

Competitive annual leave

Job summary

Vistra is seeking an Assistant Manager, Fund Accounting (Real Estate) in Singapore. You will be the primary client service contact for assigned portfolios, leading discussions on operational issues and coordinating with internal teams to ensure smooth fund operations.

You will review financial statements and capital activity, draft IFRS/US GAAP disclosures, and manage reporting for investors. The role requires strong knowledge of real estate funds, INREV reporting, and proficiency in Yardi and

Qualifications

• Degree in accounting or finance required.
• CPA/ACCA/ACA or equivalent certification preferred.
• Minimum 5–6 years accounting/auditing experience, real estate funds.
• Strong knowledge of Singapore FRS/IFRS and US GAAP.
• INREV reporting experience preferred.
• Proficiency in Yardi, MS Excel and MS Word.

Responsibilities

• Be the primary client service contact for assigned portfolio.
• Lead discussions with clients on operational matters.
• Review financial statements, management accounts and accounting packages.
• Draft disclosure wordings for IFRS/US GAAP and INREV reporting.
• Review Capital Account Statements and Net Asset Values.
• Understand fund documents and explain terms to team members.
• Review capital calls and distributions.
• Prepare waterfall and equalization workings.
• Coordinate with Fund investors on reporting requirements.
• Collaborate with Cash Management, Investor Services and Corporate Secretarial teams.
• Provide training to staff on accounting and real estate topics.
• Undertake administration and special projects as assigned.

Skills

Client service

Relationship management

IFRS/US GAAP knowledge

Yardi

Excel

Communication skills

Team leadership

Education

Degree in accounting or finance

CPA/ACCA/ACA or equivalent

Tools

Yardi Investment Management

Microsoft Excel

Microsoft Word

Job description

It’s never been a more exciting time to join Vistra.

At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction.

But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that.

We have an exciting opportunity for you to join our team as Assistant Manager, Fund Accounting (Real Estate). This full-time and permanent position is based in Singapore.

Key Responsibilities:

• Be the primary client service contact for assigned portfolio. Monitor and respond promptly to client requests. Strengthen client relationships.

• Lead discussion with clients on operational matters and critical issues that need to be addressed

• Reviewing financial statements, management accounts and accounting packages

• Proficient in drafting wordings for disclosure wordings for IFRS/US GAAP accounting conventions and INREV reporting

• Reviewing Capital Account Statements and Net Asset Values

• Reading/understanding Fund documents like Subscription documents, partnership agreements, and shareholder agreements for existing/new fund and explaining the key terms to team members

• Reviewing capital call and distribution notices

• Preparing/Reviewing waterfall and equalization workings

• Coordinating and dealing with Fund investors on meeting investor’s specific reporting requirements

• Reviewing investor requests and any ad hoc requests from client.

• Working closely with other teams (i.e. Cash Management, Investor Services and Corporate Secretarial and other Vistra offices) to ensure overall operations are running smoothly.

• Providing formal/informal training to staff on both accounting and real estate/industry aspects

• Undertake management and general administration and other special projects as assigned by the Management.

Key Requirements:

• Degree in accountancy (CPA/ACCA/ACA) or finance or equivalent

• At least 5-6 years of accounting / auditing experience, with at least 3 years in Real Estate Fund industry, part of which must have been in management or supervisory capacity

• Sound knowledge of Singapore FRS/IFRS and US GAAP

• Knowledge on INREV reporting preferred

• Solid understanding of operational functions including Fund Structures, Fund Accounting, Equalisations, Calls/Distributions and Waterfall models

• Effective client relations, teamworking and management skills

• Time management and multi-tasking

• Analytical, independent and resourceful

• Familiarity with Yardi Investment Management and experience in process improvement will be advantageous

• Strong working knowledge of MS Excel and MS Word

Company Benefits:

At our Singapore office, we believe in putting our employees’ well-being first! We offer a flexible hybrid working arrangement and celebration leave.

Additionally, we provide comprehensive medical insurance and dental coverage, wellness allowance and competitive annual leave entitlement to support your well-being and time to recharge or explore your passions out of work.

As advocates of continuous learning and professional development, we provide an internal mentorship program and reimburse professional membership fees for certifications like CA, or ACCA, ensuring you stay ahead in your field