Alternative Ops Fund Accounting - Manager

Why this role is important to us

The main function of the role is: to maintain the client books and post journal entries, preparation and presentation of financial statements. Books require to maintain at asset, investment and portfolio level and interacting with onshore counter parts. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

What you will be responsible for

• Preparation and review of profit and loss account, Balance Sheet and Cash flow statement
• Preparation and review Cash book and reconcile the cash with bank on a daily basis
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Track property review accounting like, Net Assets, Operating income, Depreciation check and Rent calculation
• Preparation and review of  Deferred Revenue Cost schedule and accounting
• Preparation and review of schedule of Equity capital, subscription and redemption
• Responsible for maintaining books and records and calculation of fund Net Asset Values
• Preparation and review of calculations of carried interest/performance/incentive fees;
• Preparation and review of calculations and investor allocations for capital calls, distributions and equalizations
• Ensure monthly and quarterly client deliverables are meet
• Review supporting work papers for financial statements, portfolio schedules and capital account allocations
• Reviewing financial statements and footnote disclosures
• Analytical review of monthly/quarterly investment and fund performance data
• Reviewing and/or preparing of capital calls, distributions and bank reconciliations
• Reviewing management, annual and incentive fee calculations
• Preparing various client correspondences
• Calculating waterfalls and capital account allocations
• Ensuring compliance with legal documents
• Handle client’s calls, complaints, questions and queries as required.
• Maintaining working relationship with all client contacts, auditors, tax, and lawyers
• Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
• Coordination of annual audit and tax return preparation with external accounting firms
• Ensure that Client SLA’s and Team targets are met.
• Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed
• Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams.
• During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
• Participates in the hiring, salary, promotional and termination recommendation process
• Result-oriented with an ownership and accountability mindset
• Drive pay for performance and culture of performance differentiation
• Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
• Embed risk excellence culture across the teams
• Encourage and drive a culture of change and ideation

What we value

These skills will help you succeed in this role

• Experienced in preparing general ledger and financial statements.
• Good communication skills and proficiency in English (both verbal and written).
• Knowledge in Microsoft Applications (Excel, Word, Powerpoint etc).
• Working knowledge of Investran/Oracle will be an added advantage
• Private equity/real estate fund experience. Exposure to complex fund structure, waterfall computation, preferred return.
• Expect to have training skills to new joiners

Education & Preferred Qualifications

• Graduate / Master’s Degree in Accounting, Finance, any other professional accounting qualification (ie. CA, CWA, CA inter, CWA inter or equivalent)
• Minimum of 8– 12 years’ experience in accounting for the financial services sector, particularly Private Equity, Asset Management or Fund Administration.
• Knowledge of IFRS and / or USGAAP

About State Street

What we do.

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.