Real Estate Fund Accounting, AVP

STATE STREET FUND SERVICES (SINGAPORE) PTE. LIMITED; Singapore; On-site; SGD 180,000 - 300,000; Full time

Job summary

State Street Fund Services (Singapore) Pte. Limited is seeking an experienced Assistant Vice President to join its Alternative Investment Solutions team in Singapore. You will lead client engagements and oversee fund accounting for private equity and real estate funds.

You will manage delivery, drive process improvement, coordinate with auditors and external firms, and mentor junior staff. A degree in accountancy with a professional qualification, 10 years of accounting experience, and IFRS/FRS

Qualifications

• Degree in accountancy and professional accounting qualification are required.
• 10 years of accounting experience including private equity and/or real estate funds, with managerial exposure.
• Sound knowledge of FRS/IFRS and experience with process improvement/systems implementation would be advantageous.

Responsibilities

• Engage with clients and manage communications; ensure timely service delivery and accurate deliverables.
• Oversee monthly/quarterly reporting, NAV calculations, fee calculations, and investor requests.
• Lead and develop staff; coordinate with offshore teams to ensure quality deliverables and compliance.

Skills

Client relations

Team management

Attention to detail

Problem solving

MS Excel advanced

Education

Degree in accountancy

Professional accounting qualification

Tools

Investran

Microsoft Office

Job description

Why this role is important to us

With more than US$1 trillion in assets under administration and over 3,500 employees exclusively focused on alternative asset servicing, State Street delivers industry-leading alternative asset services to clients worldwide. We provide a complete suite of fund accounting, fund administration, corporate administration, risk and credit services to more than 500 clients, including institutional investors, hedge fund, private equity fund and real estate fund managers. Our team of alternative investment professionals has more than 20 years of experience working with leading alpha-generating funds, and combines extensive product expertise with flexible and innovative solutions specifically designed for alternative investments.

An opportunity has become available for suitable candidate to join our Alternative Investment Solutions (AIS) team in Singapore. The primary client account for this role is a leading global fund manager with a growing pan-Asian real estate platform with USD 5 billion of assets in Asia. This role is also expected to support other real estate and private equity funds and clients.

What you will be responsible for

• i) Client Engagement

  Strengthen client relationships. Take ownership of client communication and prompt follow up of service requests

  Manage client expectations. Participate in discussions with both existing clients and prospects

  Ensure the timeliness and accuracy of client deliverables in accordance with agreed service standards

  Coordinate with clients' internal stakeholders and other service providers including auditors, corporate secretary, law firms, banks and property accountants to ensure smooth service delivery.

  Understand fund agreements and documents. Guide staff on the understanding and application of key terms

  Advise clients on relevant accounting and reporting matters

• ii) Service Delivery

  Ensure monthly and quarterly client deliverables meet or exceed clients' expectation:

  Prepare/review management accounts, financial statements and other deliverables including NAV calculations, capital call & distribution notices, fee calculations and investor requests

  Coordinate annual audit and tax return preparation with external accounting firms

  Respond to ad hoc client requests and queries promptly

  Review fund governing agreements and offering memorandums to ensure alignment of operational and accounting procedures

  Prepare and maintain robust operational processes and internal controls in accordance with State Street policies

• iii) Management

  Manage staff to successful and timely completion of client deliverables.

  Set goals and career development plans for direct reports in accordance with State Street's performance planning process. Provide regular feedback and guidance to develop staff

  Manage the quality of deliverables from offshore centers of excellence

  Coordinate effectively with various internal service teams on client deliverables

  Oversee the risk management and compliance of accounting processes.

  Initiate and manage ongoing process improvement

  Coordinate with other global locations on corporate initiatives and deliverables

• iv) Other Responsibilities

  Coordinate and manage special client and corporate projects

  Internal reporting

What we value

• Strong knowledge of private equity and real estate fund accounting
• Strong client relations and team management skills
• Team player with a proactive and positive approach to work
• Hands-on, meticulous and resourceful
• Problem solving and technical skills to handle complex transactions and structures
• Organizational and project management skills to multi-task in a fast paced environment
• Familiarity with Investran would be viewed favorably
• Proficient in Microsoft Office with advanced MS Excel skills.

Education & Preferred Qualifications

Degree in accountancy. Professional accounting qualification

10 years of accounting experience including with private equity and/or real estate funds, part of which must have been in a managerial role.

Sound knowledge of FRS/IFRS.

Prior process improvement and system implementation experience would be viewed favorably.

Additional qualification

We are seeking an experienced Assistant Vice President to join our Alternative Investment Solutions team. This is your opportunity to join a global leader in financial services providing services to some of the world's most sophisticated institutions.