Executive search firm Monroe Consulting Group Philippines is recruiting on behalf of a banking and financial services company. Our respected client is seeking for a Fund Accounting Associate who will perform Fund Accounting functions for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team. The office is in BGC, Metro Manila, Philippines with hybrid work arrangement (x3/week onsite).
Task and Responsibilities:
- Perform daily, weekly, or monthly Net Asset Value (NAV) calculations for investment funds.
- Ensure accuracy and timeliness of NAV delivery in accordance with Service Level Agreements (SLAs).
- Review and validate NAV packs, including supporting schedules, reports, and documentation.
- Process and record investment transactions such as purchases, sales, dividends, interest income, and corporate actions.
- Perform cash, stock, and position reconciliations between internal records, custodians, and brokers.
- Investigate and resolve reconciliation breaks and discrepancies in a timely manner.
- Monitor and account for fund expenses, management fees, and performance fees.
- Ensure accurate valuation of securities and financial instruments in accordance with pricing sources.
- Prepare and review financial reports and fund accounting reports for internal and external stakeholders.
- Assist in month-end, quarter-end, and year-end closing activities.
- Maintain and update Standard Operating Procedures (SOPs) and process documentation.
- Ensure compliance with regulatory requirements, accounting standards, and internal control policies.
- Support internal and external audit processes by providing necessary documentation and explanations.
- Communicate with fund managers, custodians, auditors, and internal teams regarding fund activities and issues.
- Monitor Key Performance Indicators (KPIs) and ensure operational targets are achieved.
- Identify opportunities for process improvement, automation, and efficiency enhancements.
- Assist with client queries, reporting requests, and operational support tasks.
Job Requirements:
- 3-5 years of relevant experience in Fund Accounting.
- Bachelor's degree in Accounting, Finance or any related field
- Strong knowledge of NAV calculation and fund accounting processes
- Experience with cash, stock, and TA reconciliations
- Understanding of financial instruments (equities, bonds, derivatives)
