Private Equity - Associate/Senior
Job Description
Headquartered in Singapore, ASCENT Group is an Independent Global Fund Administrator that provides a full range of fund administration services for Alternative funds such as Hedge Funds, Private Equity Funds, Venture Capital, Crypto Funds, VCC, Retail Estate Funds, etc., which include reviewing fund constitutional documents from an operational perspective, help setting up the structure, providing tax and accounting services for the funds including financial preparation and calculation of net asset value.
We also provide investor services for the funds that include KYC review, onboarding, calculation of return, and distribution of statements. All books and records are maintained on a robust integrated platform. ASCENT Fund Services is one of the fastest-growing companies in the fund admin space with 15 offices in APAC and counting.
As an Associate or Senior, you will be responsible to assist our team in producing valuations for our group of clients and helping with the accounting function of our operations. You will be required to interact internally with the various teams.Private Equity - Associate/Senior
RESPONSIBILITIES
Reporting to the Supervisor or equivalent, you will be responsible for:
- Review and sign off NAV and Financials of the Private equity and Hybrid Funds that include recording Journal Entries, preparing monthly/Quarterly/Annual Financials, processing payments, preparing investor notices and various client reporting
- Review Capital Call and distribution workings along with notices and release to respective investors
- Identify and implement process improvement techniques to improve the process efficiency and team productivity
- Managing the client relationships for the Funds and individually handle the deliverable requirements on daily/weekly/monthly/Quarterly basis.
- Liaising with Onshore team, clients and Auditors on various requirements and ensure all supports are provided to the auditors to get the financials approved
- Liaising with multiple stake holders in the organization and ensure the tight deadlines are met.
- Onboard new PE/Hybrid Funds in the accounting platforms.
- Supervision and training of Fund Accounting staff
- Any other day-to-day administrative duties
- To ensure timely and accurate NAV calculation on a weekly or monthly basis
- Processing of security and cash transactions for portfolios
- Reconciliation of the portfolio from broker to in-house systems
- Responding to client enquiries in a timely and efficient manner
- Ensuring compliance with regulatory requirements and other requirements of the fund s specifications
- A detailed review of NAV calculations for Hedge Funds
- Preparation of financial statements as required.
- Supervision and training of Fund Accounting staff
- Any other day-to-day administrative duties as may be required by the team/Company.
Private Equity - Associate/Senior
Requirements- Degree qualified in Accounting or Finance related area and/or studying for a professional accounting (or comparable) qualification.
- 1-5 years experience in a similar role incorporating the above functions.
- An ability to work to and meet agreed deadlines.
- Excellent interpersonal and written communications skills
- Strong PC skills including Word and Excel (experience on Paxus an advantage)