Fund Accounting Assistant Manager

Ascentium Company; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Ascentium, a leading global business services platform headquartered in Singapore, seeks an experienced Fund Accounting Manager to oversee NAV production, fund accounting, financial reporting, and client servicing for a portfolio of investment funds. You will manage multi-jurisdictional structures, ensure regulatory compliance, and mentor junior team members.

Responsibilities include overseeing NAV calculations, reviewing journals and reconciliations, coordinating fund launches, and maintaining

Qualifications

• 5+ years of relevant experience in fund accounting, fund administration, or a related financial services environment.
• Strong technical knowledge of fund accounting, NAV production, financial reporting, reconciliations, valuations, and fee calculations.
• Experience independently managing client portfolios and working with complex fund structures, ideally across alternative investments.
• Strong understanding of fund documentation, accounting standards, regulatory requirements, and operational controls.
• Excellent client relationship, communication, and stakeholder management skills.

Responsibilities

• Oversee NAV calculations and timely delivery for assigned fund administration clients.
• Manage complex fund accounting engagements across Singapore and offshore funds.
• Review accounting records, journals, reconciliations, and investment schedules for accuracy.
• Ensure compliance with fund documents and investment agreements.
• Lead onboarding of new funds and coordinate with service providers.
• Develop SOPs and drive operational improvements within Fund Services.

Skills

Fund accounting

NAV production

Financial reporting

Client relationship

Regulatory compliance

Education

Bachelor’s degree in Accounting/Finance/Business

Job description

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, Ascentium drives extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.
Drawing on over 50 years of Harneys Fiduciary’s experience in key global jurisdictions such as the British Virgin Islands, Cayman Islands, Cyprus, Hong Kong, and Singapore, our teams combine deep local expertise with global reach, offering time zone and language-appropriate services to clients around the world.

About the role

The role is responsible for overseeing the end-to-end fund accounting, fund administration, financial reporting, and client servicing activities for a portfolio of investment funds and related entities. The role requires managing complex fund structures across multiple jurisdictions, ensuring accurate and timely NAV production, maintaining strong client relationships, leading and developing team members, and driving operational excellence.
The successful candidate will act as a key technical subject matter expert and primary point of contact for fund administration clients, while ensuring compliance with regulatory requirements, internal controls, and service level commitments. This role will also play a critical part in onboarding new mandates, supporting strategic initiatives, and enhancing operational processes within the Fund Services team.

What you’ll be doing

• Oversee the preparation, review, and timely delivery of Net Asset Value (NAV) calculations for assigned fund administration clients.
• Manage complex fund accounting engagements involving multi-layered fund structures and alternative investment vehicles for both Singapore and Offshore funds.
• Review fund accounting records, journals, reconciliations, investment schedules and other supporting schedules to ensure accuracy and completeness
• Ensure compliance with fund governing documents, offering memorandums, subscription agreements, side letters, and investment management agreements.
• Ensure proper accounting treatment for various investment instruments, including equities, bonds, private credit investments, structured products, derivatives, and alternative investments.
• Review portfolio valuations and pricing methodologies to ensure consistency with valuation policies.
• Monitor and review fund expenses, accruals, and allocations.
• Supervise and mentor junior team members.

1. Fund Accounting & NAV Management

• Oversee the preparation, review, and timely delivery of Net Asset Value (NAV) calculations for assigned fund administration clients.
• Manage complex fund accounting engagements involving multi-layered fund structures and alternative investment vehicles for both Singapore and Offshore funds.
• Review fund accounting records, journals, reconciliations, investment schedules and other supporting schedules to ensure accuracy and completeness
• Ensure compliance with fund governing documents, offering memorandums, subscription agreements, side letters, and investment management agreements.
• Ensure proper accounting treatment for various investment instruments, including equities, bonds, private credit investments, structured products, derivatives, and alternative investments.
• Review portfolio valuations and pricing methodologies to ensure consistency with valuation policies.
• Monitor and review fund expenses, accruals, and allocations.
• Supervise and mentor junior team members.

2. Complex Fund Structures & Technical Oversight

• Review structures involving multiple sub-funds, segregated portfolios, feeder funds, master funds, parallel funds, and investment holding entities.
• Provide technical guidance and oversight on complex investor allocation methodologies, equalisation calculations, waterfall calculations, capital allocations, and fee structures.
• Review constitutional documents and offering documents to ensure operational processes and accounting treatments comply with fund-specific requirements.

3. Fund Administration Operations

• Oversee the processing and review of investor subscriptions, redemptions, transfers, capital calls, and distributions.
• Review investor registers and maintain accurate investor records.
• Ensure investor transactions are processed in accordance with fund governing documents and operating procedures.
• Review capital account statements and investor reporting packages.
• Issue invoices and monitor receivables from clients.
• Oversee broker, custodian, and bank reconciliations and investigate any outstanding items.

4. Financial Reporting & Audit Management

• Manage the preparation and review of annual and interim financial statements for funds and related entities.
• Ensure compliance with applicable accounting standards and reporting frameworks.
• Act as the primary liaison with external auditors and facilitate resolution of audit matters.
• Ensure timely completion of audit deliverables and statutory reporting obligations.
• Monitor and manage audit timelines and client expectations.

5. Fee Calculation & Payment Oversight

• Review management fee calculations in accordance with fund documentation.
• Review performance fee, incentive fee, carried interest, equalisation, and other fund-specific fee calculations.
• Review capital call and distribution calculations.
• Ensure fund expenses and allocations are accurately calculated and recorded.
• Prepare and Review fund payments to investment managers, investors, custodians, brokers, auditors, and other service providers.

6. Client Relationship Management

• Act as a key day-to-day contact, with escalation support to clients.
• Proactively manage client expectations and ensure high service standards are maintained.
• Address and resolve client enquiries, escalations, and operational issues in a timely manner.

7. Fund Launches & Client Onboarding

• Support and coordinate onboarding of new fund structures and client engagements.
• Review fund documents.
• Coordinate fund setup with legal counsel, banks, custodians, brokers, and other service providers.
• Establish accounting books, NAV models, investor registers, reporting templates, and operational procedures for new funds.
• Participate in client transition and fund migration projects.

8. Compliance, AML & Risk Management

• Ensure adherence to all internal policies, procedures, and risk management frameworks.
• Oversee AML/KYC reviews for new investors and fund entities.
• Review and monitor investor due diligence documentation.
• Assist with regulatory reporting and compliance-related obligations.
• Escalate operational, compliance, and regulatory risks where appropriate.
• Monitor compliance with fund governing documents and investment restrictions.

9. Process Improvement & Operational Excellence

• Review and enhance operational workflows, procedures, and internal controls.
• Identify opportunities to automate manual processes and improve service efficiency.
• Develop and maintain standard operating procedures (SOPs).
• Drive continuous improvement initiatives to enhance client experience and operational effectiveness.

What you'll bring

• Bachelor’s degree in Accounting, Finance, Business, or a related discipline.
• 5+ years of relevant experience in fund accounting, fund administration, or a related financial services environment.
• Strong technical knowledge of fund accounting, NAV production, financial reporting, reconciliations, valuations, and fee calculations.
• Experience independently managing client portfolios and working with complex fund structures, ideally across alternative investments.
• Strong understanding of fund documentation, accounting standards, regulatory requirements, and operational controls.
• Excellent client relationship, communication, and stakeholder management skills.
• Strong attention to detail, problem-solving skills, and the ability to manage multiple priorities and deadlines.
• Experience with Singapore and/or offshore funds is advantageous.
• Professional accounting qualifications such as ACCA, CPA, CA, or equivalent arepreferred.

Salary range

Candidates may be considered for either the Fund Accounting Assistant Manager or Fund Accounting Manager position, depending on their relevant experience, qualifications, industry knowledge, and ability to independently manage client portfolios, complex fund structures, and team responsibilities.