Senior Vice President – Private Equity Fund Accounting
JOB DESCRIPTION
Headquartered in Singapore, ASCENT Group is an Independent Global Fund Administrator that provides a full range of fund administration services for Alternative funds such as Hedge Funds, Private Equity Funds, Venture Capital, Crypto Funds, VCC, Retail Estate Funds, etc., which include reviewing fund constitutional documents from an operational perspective, help setting up the structure, providing tax and accounting services for the funds including financial preparation and calculation of net asset value. We also provide investor services for the funds that include KYC review, onboarding, calculation of return, and distribution of statements. All books and records are maintained on a robust integrated platform. ASCENT Fund Services is one of the fastest-growing companies in the fund admin space with 9 offices in APAC and counting.
Senior Vice President – Private Equity Fund Accounting
FUNCTIONS
As a core member of our Private Equity team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
Fund Accounting Team
- Manage multiple fund relationships, including scheduling and meeting all client deliverables.
- Maintain/manage client expectations and coordinate deliverables timelines with staff.
- Demonstrate strong knowledge of accounting, specifically with respect to alternative investment funds, with a focus on private equity funds.
- Participate in new business discussions with prospects and existing clients.
- Prepare and maintain goals and career development plans for all direct reports.
- Prepare semiannual performance appraisals and discussions for all direct reports
- Provide guidance and direction to staff on all technical and client-service-related topics
- Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
- Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
- Review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
- Review management fee calculations, including offsetable amounts, management fee waiver contributions, etc.
- Review investor allocations and capital account statements.
- Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
- Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable fund terms.
- Prepare and/or review financial statements, notes disclosures, and supporting schedules.
- Develop/maintain robust review procedures around deliverables.
- Manage the year-end audit process, in collaboration with the client and auditors.
- Where applicable, support the tax team with information to prepare tax compliance/reports.
- Help develop and support targeted, continuing education for all direct reports.
- Support corporate goals and business/departmental initiatives.
- Management oversight of the Audit process and delivery for your group within the client agreed on timeframe.
- Ensure effective communication with colleagues and corresponding departments.
- Ensure management of the Outsourcing relationships (OSP) is closely managed.
- Involvement in various project and product offering development and all other Adhoc requirements from time to time.
Senior Vice President – Private Equity Fund Accounting
QUALIFICATIONS
- Minimum of 12-15 experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
- Bachelor’s degree in Accounting or related field.
- 5+ years’ experience supervising the team.
- A detailed understanding of Malaysian regulatory requirements.
- Hands-on management style with strong leadership skills and ability to develop staff.
- Demonstrated project management skills with the ability to multi-task.
- Excellent interpersonal and communication skills.
- Proficiency in Microsoft Office suite, with advanced Excel skills.
- Sound judgment, problem-solving and analytical skills.
- Proficient with Microsoft Applications (Excel, Word, PowerPoint etc.).
- User experience with enterprise accounting system(s).
To be successful in these roles it is envisaged you are a motivated and self-driven individual eager to contribute and grow with the organization. Critical to your ability to perform these roles will be attention to detail and team focus.
ASCENT offers a modern and progressive work environment. You can expect to be challenged and offered a path towards future career growth.
Interested parties please send your full resume with availability and expected salary by clicking on hr@ascentfunds.sg