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.
The successful applicant will be responsible for the day-to-day administration of hedge funds and will strive to be a one point contact to investment managers and funds investors. To carry out these duties, the successful applicant will lead a team of senior fund accountants and fund accountants to deliver timely and accurate fund administration services to our fund clients.
Manager - Hedge Fund Accounting
FUNCTIONS
Reporting to the Assistant Vice President or equivalent, you will be responsible for:
- Planning, scheduling and managing the daily workflows of all client deliverables within the team.
- Responsible to review/prepare the NAVs of the hedge fund clients on a daily/Monthly basis.
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
- Reviewing pricing of the portfolio and analyzing the pricing exceptions if any.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
- Checking that all OTC products traded by the client have been booked correctly.
- Booking of Capital Activities of the fund.
- Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
- Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.
- Support operations on projects related to Automations/Work migrations/Conversions etc.
- Support global changes in Key operating procedures and implementation.
- Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.
- Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.
Manager - Hedge Fund Accounting
REQUIREMENTS
- Experience working with an investment management or finance-related firm.
- Good knowledge of the investment industry with 7-10 Years in Hedge Fund administration or related industry experience.
- Familiarity with Paxus is a major plus.
- An ability to think critically and objectively.
- Experience with general ledger accounting and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
- Proficiency in advanced Excel functions.
- Excellent communication and inter-personal skills.
- Flexible to work additional hours as needed.
- Should be a team player.
