BANK FUND ACCOUNTANT

HR-PRO RECRUITMENT SERVICES PTE. LTD.; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A financial recruitment agency is seeking an experienced candidate for a fund administration role in Singapore. Responsibilities include managing fund operations, ensuring regulatory compliance, and delivering accurate NAV calculations. Ideal applicants should have a Bachelor's Degree in Accounting or Finance, along with at least 2 years of relevant experience. Candidates must possess strong technical knowledge of investment products and fund operation requirements. Proficiency in English and Chinese is essential for liaising with clients.

Qualifications

• At least 2 years of experience in fund administration.
• Strong knowledge of investment products and fund operation requirements.
• Good understanding of various accounting standards.

Responsibilities

• Handle fund operations including subscriptions, redemptions, and regulatory compliance.
• Deliver accurate NAV calculations and investor reports.
• Manage coordination with investors and external stakeholders.

Skills

Fund operations management

NAV calculation

Investor communication

Understanding of accounting standards (US GAAP, IFRS)

Technical knowledge of investment products

Education

Bachelor Degree in Accounting or Finance

Qualified Accountant (e.g. ISCA/ACCA/CPA)

Tools

Multifond

Microsoft Office (VBA skills)

Bloomberg

Job description

Job Description

• Handle Fund operations, including fund subscriptions and redemptions, corporate action, documentation, transaction execution, and regulatory compliance.
• Deliver accurate NAV calculation, investor reports, forecasts on timely basis
• Support various funds, Hedge Funds, Cayman Funds/VCC structure, fund setup in FA and TA system.
• Monitors cash flows, expenses and fee calculations (performance fees, etc). Must be able to understand the different fund calculation based on investors' returns using equalization or series accounting methods.
• Manage coordination with investors, fund managers, auditors, legal advisors, custodians, and other external stakeholders.
• Manage the accounting of SPV and assist in FATCA/CRS reporting for client.
• Ensure adherence to internal controls and regulatory requirements (e.g., ACRA, IRAS, MAS).
• Manage investor communications and handle inquiries relating to portfolio under administration and transfer agency register.
• Maintain up-to-date fund records and support audit and tax process pertaining to portfolio under administration.

Education & Qualifications

• Bachelor Degree in Accounting, Finance or relevant discipline.
• Qualified Accountant (e.g. ISCA/ACCA/CPA), working towards a CPA qualification or recently completed qualification examinations will be a PLUS
• Good understanding of various accounting standards (US GAAP, IFRS, etc).

Experience

• At least 2 years of experience in fund administration or with licensed fund management company or fund administration company

Technical Skills

• Strong knowledge of investment product like securities, fixed income, FX, Repo and derivatives product like futures, options, etc.
• Strong technical knowledge of fund administration and fund operation requirements
• Familiarity with fund accounting systems like Multifond and Microsoft Office; VBA skills are a plus.
• Experience with using Bloomberg

Personal Competencies

• Meticulous and able to manage multiple tasks efficiently.
• Able to work in a team to support team objectives and meet team target.
• Excellent organizational, communication, and stakeholder management abilities.
• Flexible and adaptable in a dynamic, fast-paced working environment.
• Upholds high ethical standards in handling confidential and sensitive information.

Additional Requirements

• Strong command of written and spoken English. Proficiency in Chinese (both reading and communication) is essential to liaise with clients in China.
• Able to work extended hours, weekend and public holiday when necessary