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PwC

Asset & Wealth Managed Services (AWMS) - Associate Fund Accountant

PwC
BusinessSingapore - Marina One, SingaporeFull-time1 weeks ago
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About the role

AI summarised

Associate Fund Accountant role in PwC's Asset and Wealth Managed Services team in Singapore, responsible for fund accounting, transfer agency, and investor services for alternative investment funds and family offices. The role involves NAV preparation, financial statement drafting, audit facilitation, client relationship management, and ensuring compliance with accounting standards and regulations.

BusinessFull-timeGeneral

Key Responsibilities

  • Onboard new clients and set-up new funds and fund structures into the accounting system in accordance to governing documents (i.e., PPM, LPA, etc).
  • Provide quality accounting/bookkeeping and fund administration service for open ended/closed ended/evergreen Alternative Investments Funds (Private equity/Venture Capital/Real Estate and Fund-of funds), including family offices.
  • Preparation of monthly/quarterly/semi-annual/annual Net Asset Value (NAV) reporting pack which includes detailed trial balance, balance sheet, statement of operations, investment, bank reconciliation and investment holdings report.
  • Drafting of financial statements and related FRS/IFRS/RAP 7/US GAAP disclosures in accordance with accounting standards.
  • Oversee and facilitate audits of the Funds and liaise with the auditors to ensure timely completion of audit.
  • Perform follow-up with clients as necessary on accounting records and issues and develop solutions to these issues.
  • Assist senior fund accountants to take care of day-to-day operation of the funds which includes resolving accounting issues and client service matters.
  • Maintenance of the shareholder/investor register and prepare capital call/distribution/redemption/conversion/share transfer calculations and process these in a timely manner.
  • Coordinate documentation for capital activities to ensure AML compliance and manage commitment agreements and subscription forms.
  • Assist with new client onboarding and ensure proper fund and fund structure set ups within the accounting system in accordance to governing documents.

Requirements

  • Bachelor and/or master's degree in Accounting or Economics.
  • Minimum 1 to 3 years of relevant experience in alternative investment fund administration, Big 4 audit firm or domiciliation.
  • Good knowledge and understanding of the family office; and asset and wealth management industry landscape and operations (including valuation, accounting and payment procedures).
  • Good knowledge about Singapore fund structures (i.e., Singapore Variable Capital Company (VCC), Singapore Private Limited (Pte. Ltd.), SG limited partnership and unit trusts).
  • Good knowledge in accounting for investment products, ideally with fund-of-funds, single-manager funds, venture capital, real estate and private equity funds.
  • Competent accounting knowledge in Singapore FRS/IFRS/RAP 7 and US GAAP standards.
  • Previous experience in compliance and KYC procedures.
  • Familiar with Singapore regulatory filing requirements.
  • Professional, confident, and highly motivated self-starter, with ability to handle multiple engagements/projects in a fast-paced environment with tight deadlines.
  • Positive attitude to learn and strong team player.
  • Possess strong values, personal integrity, and emotional intelligence.
  • Meticulous and attention to details, possessing an analytical and enquiring mind-set.
  • Advanced level MS Excel, proficient with MS Word, MS PowerPoint.
  • Knowledge and prior experience on Allvue System a plus.