Senior Manager, Fund Accounting (Private Equity)

VISTRA; Singapore; Hybrid; SGD 180,000 - 260,000; Full time

Benefits offered by this job

Flexible hybrid work

Celebration leave

Medical insurance

Dental coverage

Wellness allowance

Annual leave

Mentorship program

Membership reimbursement

Job summary

Vistra in Singapore is hiring a Senior Manager, Fund Accounting (Private Equity) to lead the Fund Operations team and optimise client reporting. You will partner with lawyers, manage onboarding, and oversee capital calls, distributions and waterfall calculations.

The role offers a flexible hybrid work arrangement, comprehensive medical and dental coverage, wellness allowance, and ongoing professional development through an internal mentorship and membership reimbursement program.

Qualifications

• Degree in Accountancy (CPA/ACCA/ACA) or Finance or equivalent.
• More than 8 years of accounting/auditing experience, with at least 4 years in the Private Equity / Real Estate Fund industry.
• Minimum 3 years of people management experience.
• Sound knowledge of Singapore FRS/IFRS and US GAAP.
• Solid understanding of Fund Structures, Fund Accounting, Equalisations, Calls/Distributions, and Waterfall models.
• Familiarity with Investran accounting system and experience in process improvement will be viewed favourably.

Responsibilities

• Lead and motivate the Fund Operations team.
• Set clear objectives for the team and ensure motivation and performance standards are met.
• Oversee client onboarding, lawyers and key reporting requirements.
• Review capital calls, distributions and waterfall calculations.
• Coordinate with internal teams to ensure smooth operations.
• Assist in budgeting and annual financial planning.

Skills

Client relations

Teamwork

Management skills

Education

Degree in Accountancy (CPA/ACCA/ACA) or Finance or equivalent

Tools

Investran accounting system

Job description

It’s never been a more exciting time to join Vistra.

At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction.

But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that.

We have an exciting opportunity for you to join our Fund Solutions team as Senior Manager, Fund Accounting (Private Equity).

Key responsibilities:

Client Servicing and Fund Operations:

• Main point of contact on a day-to-day basis for operational matters and critical issues that need to be addressed before work gets disseminated to the other team members
• Develop and manage client retention and/or growth strategies to ensure NPS (Net Promoter Score) from clients is met.
• Handle any sensitive or escalated queries/concerns from Clients, Investors.
• Reviewing financial statements, management accounts, and accounting packages
• Proficient in drafting wordings for disclosure wordings for IFRS/US GAAP accounting conventions
• Reviewing Capital Account Statements and Net Asset Values
• Reading/understanding Fund documents like Subscription documents, partnership agreements, and shareholder agreements for existing/new clients and explaining the key terms to team members
• Reviewing capital call and distribution notices
• Preparing/Reviewing waterfall and equalization workings
• Coordinating and dealing with Fund investors on meeting investors’ specific reporting requirements
• Reviewing investor requests.
• Working closely with other teams (i.e., Client Onboarding, Cash Management, Investor Services, and Corporate Secretarial) to ensure overall operations are running smoothly.
• Being involved in all aspects of new client onboarding, including dealing with lawyers, understanding legal documents, and supervising the data migration process forthe existing Fund take on
• Undertake general administration and other special projects as assigned by the Director/MD
• Lead and motivate Fund Operation team
• Set clear objectives for the team and ensure motivation and performance standards are met.
• Support team with training and guide individual performance and development through regular catch-up and ongoing coaching, regular performance discussions, career coaching and development as requested, annual performance reviews following company standards
• Review the scope of service and align revenue in meeting the company’s targets.
• Monitor the production of invoices and the collection of debts to ensure the financial viability of the department.
• Assist in the annual budget exercise.

Key requirements:

• Degree in Accountancy (CPA/ACCA/ACA) or Finance or equivalent
• More than 8 years of accounting/auditing experience, with at least 4 years in the Private Equity / Real Estate Fund industry
• Minimum 3 years of people management experience
• Sound knowledge of Singapore FRS/IFRS and US GAAP.
• Solid understanding of operational functions, including Fund Structures, Fund Accounting, Equalisations, Calls/Distributions, and Waterfall models.
• Effective client relations, teamworking, and management skills.
• Familiarity with Investran accounting system and experience in process improvement will be viewed favourably.

Company Benefits:

At our Singapore office, we believe in putting our employees’ well-being first! We offer a flexible hybrid working arrangement and celebration leave.

Additionally, we provide comprehensive medical insurance and dental coverage, wellness allowance and competitive annual leave entitlement to support your well-being and time to recharge or explore your passions out of work.

As advocates of continuous learning and professional development, we provide an internal mentorship program and reimburse professional membership fees for certifications like CA, or ACCA, ensuring you stay ahead in your field.