Fund Accounting and Operations Associate Private Equity

The Role

We are looking for a Fund Accounting and Operations Associate to report into the Chief Operating Officer (COO) to support the day-to-day operations of our private equity funds. You will own end-to-end processes that keep our funds running, including capital calls, distributions, NAV cycles, investor reporting, fund and administrator liaison. At year end you will work with our fund administrator to prepare annual financial statements, build out audit lead schedules, and work through queries with the auditors, tax agents and the fund administrator. Because the PE platform is being built now, you will also help set it up properly from the start, including the chart of accounts, the accounting policies applied across fund and SPV entities, the reconciliation and close calendar, and the review controls that sit around the administrator's deliverables.

The role also gives you room to build financial modelling and valuation skills, so you can move deeper into fund performance and portfolio analysis over time. This will suit someone with two years in fund operations, fund accounting or fund administration, and wants broader exposure than a traditional back-office role in a larger firm allows.

Core Responsibilities

Fund Accounting and Financial Reporting

·        Support the annual audit and tax filings, working with auditors, tax agents and the administrator

·        Produce and review the quarterly NAV pack, partners capital allocations and capital account statements, and investigate movements before sign-off

·        Calculate management fees, fund expense allocations and carried interest in accordance with the LPA and fund mandate

·        Maintain investment cost basis, and account for acquisitions, follow-on funding, revaluations, realised and unrealised gains, and exits

·        Prepare annual financial statements under Singapore FRS and IFRS, together with the supporting notes and audit lead schedules

·        Support the annual audit and tax filings, working with auditors, tax agents and the fund administrator

Fund Operations

·        Prepare and execute capital call and distribution notices, including allocation workings across LPs, and track drawdown and recallable capital positions

·        Coordinate with the fund administrator on NAV reports, capital account statements and allocations, and review deliverables before these reports are sent to investors and other stakeholders

Process and monitor cash movements, FX conversions, expense payments and inter-entity funding across fund, SPV and management company accounts

Maintain fund and SPV records: subscription documents, side letters, constitutional documents, bank mandates and signatory lists

Investor Reporting & Relations Support

·       Assemble investor reports, capital account statements and to handle ad-hoc investor queries and data requests

·       Support the investor onboarding process, including KYC/AML documentation collection, screening and periodic reviews in line with MAS requirements

·       Maintain the investor register and contact details

Valuation & Portfolio Analysis

·        Assist with portfolio company valuations, including the process of gathering financials, updating comparable company and DCF workings, and documenting valuation rationale

·        Maintain fund-level performance metrics (IRR, MOIC, DPI, TVPI) and track them against fund models and thresholds set out in the fund mandate

Compliance & Controls

·        Support MAS, licensing or regulatory filings and obligations applicable to the fund manager

·        Help build and improve operating procedures and controls as the platform grows

Qualifications and Experience

Requirements

·        Degree in Accountancy, Finance, Business, Economics or a related discipline

·        2 years experience in fund operations, fund accounting or fund administration, with exposure to private equity or private credit; candidates from fund administrators or audit and advisory firms (asset management / financial services portfolio) are also welcome

·        Working understanding of PE fund structures and mechanics: LP/GP structures, capital commitments, drawdowns, distribution waterfalls, management fees and carried interest

·        Basic financial modelling or private equity analysis capability, and is generally comfortable building and maintaining Excel models, computing IRR/MOIC, and working with portfolio company financials

·        Strong Excel skills (lookups, pivots); accuracy and comfort with detail under deadline

·        Clear written communication to support the need for drafting of notices and reports that go to ultra-high-net-worth or institutional investors

·        Good working knowledge of Finance & Accounting policies and procedures, audit and accounting guidelines, practices and regulations

Advantageous, but not required

·        CA (Singapore), ACCA, CPA or CFA qualified

·        Technical knowledge in financial reporting and accounting standards (local GAAPs vs IFRS or US GAAP)

·        Exposure to portfolio monitoring tools

·        Familiarity with MAS regulatory requirements for CMS licence fund managers

·        Experience with Singapore VCC, Cayman, Luxembourg or similar fund structures

Personal Attributes

·        You demonstrate strong initiative and take ownership of a process end to end

·        You stay curious about why a process is being done a certain way, or why a reported number moved

·        You work well in a small team where the scope of the role evolves and expands with the growth of the business and what you can handle