Associate / Senior Associate - Hedge Funds, Fund Accounting

Associate/Senior Associate, Hedge Funds

Locations: Singapore | Hybrid

Get To Know Us:

SS&C GlobeOp is a leading provider of cloud-based fund services, technology and mobility-enabled infrastructure for hedge funds, fund of funds, private equity, and managed accounts

With a base of fund strategies that include fixed income, volatility and active trading, we offer: Middle office, accounting and management products

• Tax services for hedge funds, fund of funds and private equity funds
• Derivatives processing, valuations agent, syndicated bank loans processing
• Regulatory and analytics services
• Managed services IT/data center and business process outsourcing
• All available on a stand-alone basis to institutional clients

Why You Will Love It Here!

• Flexibility: Hybrid Work Model and Business Casual Dress Code, including jeans, Centralized location 2 minutes walk from Raffles Place MRT
• Work/Life Balance: Flexible Personal/Vacation Time Off, Sick Leave, Paid Holidays
• Your Wellbeing: Medical, Dental, Vision, Employee Assistance Program, Parental Leave and Well-Stocked Pantry
• Diversity & Inclusion: Committed to Welcoming, Celebrating and Thriving on Diversity
• Training: Hands-On, Team-Customized, including SS&C University
• Education: Paid further education opportunities for employees who are eligible
• Extra Perks: Bonus Scheme, SS&C Stock(s) Allocation for employees who are eligible

What You Will Get To Do:

Job Description Summary

Responsible for the accounting and valuation for complex investments, which may include complex derivative, fixed income, and international financial products. Intermediate professional working on projects of a moderate scope or on varied tasks that require resourcefulness, self-initiative, and significant independent judgement. Demonstrates a developing functional knowledge to evaluate the implications of issues and make recommendations for solutions. Guides less experienced team members. May recommend new procedures. Minimally requires a Master's degree, or Bachelor's degree and 2 years of related experience, or high school degree and 4 years of related experience.

Job Description

The Fund Accountant is responsible for managing the accounting books of an assigned fund. Also ensuring that the balance sheet and profit and loss account are accurately reported on a timely basis within tight deadlines, and makes certain strong internal controls are maintained in accordance with financial policies.

Principle Accountabilities:

Daily Accounting

Handle accounting for assigned moderate to complex funds, including review of daily price control checks, P&L reasonableness, inter system reconciliations, ensuring that reconciling items are investigated and resolved, or escalated in a timely manner.

Ensure controls are in place and accounts are accurate on a daily basis, providing clear and accurate management information to support decision-making.

Month End Tasks

Fully reconcile the month end trial balance to independent support for the assigned moderate to complex funds.

Prepare month end balance sheet reconciliation (ME pack) fully supported with source documentation.

Provide insightful commentary for balance sheet and P&L movements.

Ensure balance sheet is reported in accordance with relevant accounting standards, Investment Company Audit Guide and accounting policies as appropriate.

Prepare and review partner capital statements

Prepare and review limited partner and general partner allocations

Prepare and review trial balances and supporting work papers

Review capital activity that pertains to the funds including capital calls, distributions, and transfers

Prepare and review fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations

Price Products

Daily and monthly product pricing for assigned funds.

Understanding the pricing methodology and valuation models for applicable products in sufficient detail to be able to ensure absolute accuracy.

Other responsibilities

Prepare yearend audit financial statements and audit packs

Answer ad hoc questions from various groups including auditors (internal and external), and the global peer group.

Work with portfolio manager and traders for the assigned fund to improve knowledge of financial products and trading strategies.

Work with team members in Operations, Investor Services function as necessary.

What You Will Bring:

• University degree in finance/accounting or commensurate experience
• 2+ years of relevant experience in the financial industry
• Strong analytical skills and business acumen
• Strong organizational skills and attention to detail
• Strong verbal and written communication skills
• Strong dispute resolution and effective problem solving skills
• Proven team work skills; able to recognize where you can help the team complete all daily and monthly tasks.
• Demonstrated customer service and continuous improvement focus
• Knowledge of US GAAP and IFRS
• Experience in audit and Financial statements preparation desired
• Audit/Control Minded
• Ability to work in changing, fast-paced work environment
• Experience with hedge fund accounting
• Knowledge of the investor accounting and reporting process for private equity funds including (but not limited to) capital calls, transfers, distributions, rebalancing, waterfall calculations, clawbacks, carried interest, management fees, side pockets, special allocations, opt in/out, hurdle and catch-up rates, and IRR calculations
• Familiar with alternative investment fund structures including (but not limited to) master/feeder, stand alone, fund of funds, and share based/capital accounts
• Experience with Advent Geneva preferred

Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.