Fund Accounting Manager (Private Equity)

IQ EQ FUND SERVICES (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A financial services firm in Singapore is seeking a Fund Accountant to provide high-quality service to Private Equity and Venture Capital clients. You will manage client relationships, prepare financial statements, and improve departmental efficiencies. The ideal candidate will have at least 8 years of fund accounting experience, a Bachelor’s degree in Accounting, and strong management skills. This role offers the opportunity to lead a team and enhance client deliverables.

Qualifications

• 8 to 10 years of fund accounting experience in PE and VC Fund industries.
• Experience of managing staff and conducting appraisals.
• Excellent organizational and interpersonal skills.

Responsibilities

• Manage financial servicing for a portfolio of clients.
• Prepare financial statements and reports within deadlines.
• Ensure training and support for staff.

Skills

Fund accounting experience

Management skills

Interpersonal skills

Organizational skills

Communication skills

Education

Bachelor Degree in Accounting

ACCA

CPA

Tools

Excel

Investran

Job description

Job Description

Purpose: To provide high quality service deliverables to the firm’s Private Equity (PE) and Venture Capital (VC) Fund Clients. You will be responsible for ensuring all deliverables are met and the Clients' expectations are managed and met on a day to day basis. This entails reviewing all Financial Statements and disclosures and ad-hoc client deliverables in relation to providing fund administration services to the clients. Expected to help improve the processes and efficiencies of the department. Be a subject matter expert in different fund structures accounting and administration processes.

Responsibilities

• Managing financial servicing for a portfolio of clients ensuring the smooth running of day to day relationship with Clients and consistent delivery of client reporting/information accurately and on time
• Ensuring that adequate training has been received and support provided in order to complete the role and be proactive in defining areas needing attention or support
• Be an ‘expert’ on designated clients including understanding technical details of their LPA, SLA, fee Agreement and any technical nuances
• Minimise risk to IQ-EQ by ensuring all procedures and checklists are followed by all cell members

Tasks / Duties

Client Delivery

• Performing the administration of and any services pursuant to administration agreements in respect of a portfolio of funds clients
• Preparation of Net Asset Value calculations, financial statements and associated reports as required within deadlines
• Assisting Head of Funds in supervising staff within an “Account”, reviewing work performed by staff in the Account
• Working closely with the Senior Fund Accountants and Fund Accountants to manage timelines, workflows and deliverables within agreed SLA’s
• Assisting Head of Funds in meeting client expectations by monitoring timely delivery of daily, weekly, monthly and quarterly deliverables
• Monitoring progress of Senior Fund Accountants and Fund Accountants to identify areas for additional training & development
• Developing and maintaining a good working relationship with clients, investors, banks, brokers and auditors and other fund participants
• Provide training and coaching junior staff
• Meeting expectations of clients and other fund participants while adhering to deadlines
• Positioning oneself to be the first escalation point for internal queries
• Assisting Head of Funds to coordinate the Year End process with respect to audit timelines, financial statement preparation, regulatory filings, tax services etc
• Assist the Head of Funds where required and become involved in special projects as needed (e.g. conversions of pipelines)

Management of Workflow

• Work with Back Office on client deliverables to ensure adequate resources are allocated and fully utilised
• Ensure Back Office are preparing all work to a standard suitable for client review
• Provide constructive feedback to Back Office on a timely basis and ensure Back Office receive appropriate development support
• Plan workloads and utilise support team/additional resources where necessary to ensure deadlines are achieved

IQ-EQ Fee Management

• Ensure our electronic time sheets are completed daily and accurately for all hours worked and recording ad hoc work completed for billing purposes
• Ensure timely billing to clients and follow up for outstanding balance

Risk

• Ensure relevant procedures and checklists are adhered to by staff to minimise risk of errors
• Report any breaches, complaints or errors to Compliance officer promptly
• Ensure all error reports are completed for review by management on the day an error is identified

Other

• Undertake any additional reasonable requests as deemed by the firm

Qualifications

Essential

• Bachelor Degree in Accounting, ACCA, CPA or equivalent
• At least 8 to 10 years of fund accounting experience in PE and VC Fund industries
• Experience of managing staff and conducting appraisals
• Experience in preparation and review of Financial Accounts with notes
• Excellent organisational, prioritisation and interpersonal skills
• Comfortable communicating with Senior Management; ‘Can do’ attitude, ability to cope with tight deadlines, working under pressure and lead by example

Desired

• Knowledge of PE and VC Fund industries is essential
• Advanced Excel skills including Pivot Tables and data manipulation
• Experience working in a Financial Services office environment
• Experience in using Investran will be an added advantage
• Candidate with lesser experience will be offered at Senior Manager/Manager level if shortlisted