Financial Institutions Fund Accountant Manager

Borr Drilling; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

A leading company in the drilling industry is looking for a Fund Accountant to oversee fund accounting operations. The successful candidate will manage NAV calculations, prepare financial statements, and ensure compliance with regulatory standards. This role requires at least 5 years of experience, a relevant degree, and proficiency in Chinese.

Qualifications

• At least 5 years of working experience in fund administration.
• Good working knowledge of investment products and fund regulations.
• Ability to draft financial statements according to IFRS standards.

Responsibilities

• Manage daily fund accounting operations and NAV calculations.
• Prepare financial statements according to IFRS for investment funds.
• Coordinate compliance with regulatory requirements.

Skills

Attention to Detail

Analytical Skills

Financial Reporting

NAV Calculations

Compliance Knowledge

Education

Bachelor’s degree in Accounting

Qualified Singapore Chartered Accountant (CA)

Job description

Roles & Responsibilities

We are currently seeking a Fund Accountant who will report to the Fund Administration Manager. The Fund Accountant will be responsible for financial statements, fund accounting, financial reporting, and net asset value (NAV) calculations. The role involves ensuring accurate NAV calculations of investment funds, maintaining accurate records, and ensuring compliance with regulations and industry standards.

Responsibilities

1. Manage and support daily operations for fund accounting activities.
2. Perform daily reconciliation and processing of trades, and calculate daily and monthly Net Asset Values (NAV), profit and loss statements, and reports for various funds.
3. Work closely with fund administrators and custodians to ensure on-time settlement of all equity, futures, and FX trading activities.
4. Assist in performing regular fund NAV valuation, trade booking, reconciling positions, and maintaining fee accruals and corporate actions.
5. Monitor cash flows, expenses, and fee calculations (performance fees, etc.).
6. Support multiple asset classes and various fund structures setup.
7. Prepare financial statements in accordance with IFRS standards for Investment Funds and handle audit-related tasks.
8. Assist in managing and coordinating compliance and regulatory requirements involving auditors, corporate secretaries, tax advisors, and legal counsels.
9. Participate in fund administration system rollout initiatives by coordinating with IT and other stakeholders to ensure smooth operational transitions for new fund management initiatives.
10. Handle ad hoc duties to support the operational and fund accounting needs of the business and management.

Requirements

1. A Bachelor’s degree in Accounting or related field, and must be a qualified Singapore Chartered Accountant (CA) or possess equivalent qualifications for fund administration work.
2. At least 5 years of working experience with 3 years in fund administration, including knowledge of preparing funds’ financial statements.
3. Good working knowledge of investment products, investment operations, and familiarity with fund regulations and accounting standards. Knowledge of various asset classes such as equities, fixed income, and alternatives. Familiarity with MAS regulation requirements and ability to draft financial statements in accordance with RAP7 and IFRS standards for Investment Funds.
4. Ability to complete fund accounting processes independently with minimal supervision, demonstrating timeliness.
5. Self-motivated, detail-oriented, with strong analytical skills.
6. Proficient in English and Mandarin, both written and verbal, to serve Chinese-speaking clients and read reports in Chinese. Business proficiency in Chinese will be an added advantage.