Associate - Fund Accounting

About the role

As an Associate in Fund Accounting at Waystone, you will play a crucial role in managing and overseeing the financial operations of investment funds. This position is designed for individuals who are detail-oriented and possess a strong understanding of accounting principles. You will be part of a dynamic team in a fast-paced environment, ensuring that all financial transactions are accurately recorded and reported. Your contributions will directly impact the financial health of our clients' portfolios, making this a vital role within our organization.

Key facts

What you'll do

• Prepare and maintain accurate financial records for various investment funds, ensuring compliance with regulatory requirements and internal policies.
• Perform daily reconciliations of cash and positions, identifying and resolving discrepancies in a timely manner.
• Calculate and process fund valuations, including net asset values (NAV), ensuring accuracy and adherence to deadlines.
• Assist in the preparation of financial statements and reports for clients, providing insights into fund performance and financial health.
• Collaborate with the investment team to ensure accurate recording of transactions related to trades, corporate actions, and income distributions.
• Support the audit process by providing necessary documentation and responding to auditor inquiries regarding fund accounting practices.
• Monitor and analyze fund expenses, ensuring proper allocation and adherence to budgetary constraints.
• Contribute to the development and enhancement of accounting processes and systems, identifying opportunities for efficiency improvements.
• Maintain up-to-date knowledge of industry regulations and best practices, ensuring compliance and mitigating risks.
• Assist in the onboarding of new clients, ensuring a smooth transition and accurate setup of fund structures.
• Participate in training and development initiatives to enhance your skills and knowledge in fund accounting and related areas.
• Build strong relationships with clients and internal stakeholders, providing exceptional service and support.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• A minimum of 2 years of experience in fund accounting or a similar role within the financial services industry.
• Strong understanding of accounting principles and financial reporting standards.
• Proficiency in accounting software and tools, with experience in Excel being essential.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong communication skills, both written and verbal, to effectively interact with clients and team members.
• Ability to work independently as well as collaboratively within a team environment.
• Strong organizational skills, with the ability to manage multiple tasks and meet deadlines.
• Knowledge of regulatory requirements related to fund accounting and financial reporting is a plus.

Nice to have

• Professional certification such as CPA, CFA, or equivalent is highly desirable.
• Experience with fund administration software or systems.
• Familiarity with investment products and financial markets.
• Previous experience in a client-facing role is advantageous.
• Additional language skills can be beneficial in a diverse working environment.

Skills & tools

• Proficiency in Microsoft Excel, including advanced functions and data analysis tools.
• Familiarity with accounting software such as QuickBooks, Sage, or similar platforms.
• Understanding of financial modeling and valuation techniques.
• Knowledge of regulatory frameworks governing fund accounting and reporting.
• Strong numerical skills and the ability to interpret complex financial data.

Practical notes

• This position is based in Manila, Makati City, and requires full-time engagement.
• Candidates must be eligible to work in the Philippines; visa sponsorship is available for qualified applicants.
• The role may involve occasional overtime during peak periods, particularly during month-end and year-end closings.
• Interested candidates are encouraged to apply through the Waystone career portal at https://waystone.bamboohr.com/careers/1409.
• The company values diversity and inclusion, welcoming applicants from various backgrounds to apply.

Join Waystone as an Associate in Fund Accounting and take the next step in your career while contributing to the success of our clients' investment strategies. Your expertise will help shape the financial landscape and drive positive outcomes for our stakeholders.