Real Estate or Private Equity Fund Accounting & Administration, Officer

State Street
Not disclosed
01 Nov 2021
30 Nov 2021
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant
Who we are looking for

We are seeking an experienced Officer to join our Real Asset Fund Administration team within the Alternative Investment Solutions (AIS) division in Singapore. This is an opportunity to join a global leader organization in financial services providing services to some of the world's most sophisticated institutions.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front, middle and back-office requirements of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for

  • Manage an offshore team by actively engaging and reviewing their bookkeeping work
  • Manage internal workflow to ensure internal processing and client deadlines are met
  • Prepare / Review capital call and distribution notices
  • Prepare / Review equalization calculations
  • Prepare / Review waterfall calculations
  • Prepare / Review management fee calculations
  • Prepare / Review financial statements including financial work papers, portfolio schedules, accruals and partner capital allocations
  • Coordination of annual audit and tax return preparation with external accounting firms
  • Be a source of technical support and guidance to the offshore teams including becoming a mentor, conducting regular training to upskill the offshore teams, and potentially traveling to the offshore location in Asia to provide advanced training
  • Manage communication with the clients, fund investors and other investment professionals, delivering quality service by ensuring deliverables are met and exceeding expectations
  • Ensure all corporate policies and procedures are followed
  • During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • Work with investor service team regarding client deliverables such as financial statements, capital calls and distribution notices
  • Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
  • Support new business integration and ensure operating models are designed to deliver best of breed service to clients bringing to bear our global footprint
  • Perform period bank and cash reconciliations
  • Manage cash transactions between the fund and its subsidiaries; including scheduling, preparation and review of wire instructions, corporate & legal documentation and record keeping the transaction
  • Manage liquidity of the fund’s subsidiaries coordinating expense payments and working capital needs
  • Prepare weekly, monthly, quarterly and annual investment/portfolio management reports for clients
  • Coordinate the bank account opening process
  • Coordinate the internal KYC onboarding process
  • Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals
  • Participate in special client or internal projects as required

What we value

These skills will help you succeed in this role

  • Strong interpersonal and communication skills
  • High integrity with attention to detail
  • Strong organization skills and the ability to multi-task in a fast-paced environment
  • Flexibility to "think outside the box" and embrace different work methodologies
  • Team player with a proactive and positive approach to your work
  • Willing to take up challenges in new areas

Education & Preferred Qualifications

  • Minimum 6 years relevant experience in Real Estate or Private Equity Fund Accounting
  • Experience in the real estate alternative asset industry is preferred
  • Fluent in English & Mandarin required
  • CPA or actively pursuing CPA certification is preferred
  • Knowledge of Investran is preferred
  • Advanced knowledge in MS Excel is a plus

Additional qualification

Candidate must have a college degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 6 years of accounting experience, including 1 to 2 years of supervisory and financial reporting experience is required.  Specific experience in the private equity/real estate industry is a must.  Strong interpersonal skills, positive, can-do attitude, meticulous are essential. Strong computer skills are required.

For further information, and to apply, please visit our website via the “Apply” button below.

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