Job Title: Hedge Fund Accountant (Temporary)

Location: Fully Remote, Philippines

Rate: $5.00 - $9.00 per hour based on experience

Schedule: Monday to Friday, Pacific Standard Time

Job Type: Full-Time

Job Description

As a Hedge Fund Accountant, you will be responsible for supporting the NAV production process for a private equity client portfolio working closely with Senior Fund Accountants and Management. As part of the Private Equity Team, you will work with close-ended Funds specializing in private equity, private debt, real estate and venture capital.

Requirements

Prior fund accounting experience is required
Understanding of closed-ended funds is a plus
Accounting designation experience is preferred
Strong knowledge of Microsoft Excel
Solid interpersonal and communication skills
Strong organizational skills
Ability to handle multiple demands, competing priorities, and constant change
Ability to allocate time effectively and manage tight deadlines
Prior experience with PFS-Paxus is desired, but not required
Ability to manage own time and workload effectively ensuring both internal and external deadlines are met

Responsibilities

Assisting with the preparation of net asset value calculations on a timely basis, which includes:
Recording capital activity such as capital calls & distributions
Recording cash activity and performing cash reconciliations
Pricing portfolios in accordance with funds offering documents
Ensuring fund income and expenses, including management and performance fees, are accrued for and are in accordance with relevant accounting standards
Preparing Investor Statements and contract notes
Supporting preparation of financial statements
Supporting year-end audit and tax reporting requests
Supporting responses to ad-hoc reporting requests as required by clients
Process cash transactions - including but not limited to posting of GL entries, investment purchases/sales and corporate actions.
Review of investment supporting documentation to ensure accuracy of booking
Refresh NAV Workbook after each cash transaction and resolve any discrepancies.
Prepare and reconcile income and expense accruals, including calculating admin fees, management fees and carried interest in line with relevant accounting standards.
Refresh Financial Statements and resolve any discrepancies.
Upload Fund Pricing schedules
Run NAV reporting packages
Refresh Tax & AWP workbooks
Enter Capital calls & distributions
Prepare investor notices
Interacting with clients - assisting with any questions, ad hoc requests and providing support
Assisting in year-end audits and liaising with Audit and Tax providers
Coordinating with Investor Services team on counterparts update, investor/client requests
Collaborate with internal and external parties to meet client requirements and address investor inquiries
Updating Wrike daily to ensure status of work is up to date to ensure deadlines are met
Support in SOC Audit and providing supporting documentation for samples
Documenting procedures on funds
Preparing sub close calculations including equalization and equalization interest on an investor per investor basis.
Provide Cash Management Services for distribution and any fund expenses
Perform Waterfall/carried interest calculations.

Successful candidates for this role are expected to possess the following attributes:

Must have excellent English communication skills.
Has the ability to complete projects in a timely manner and quickly adjust to changing circumstances and embrace new technologies, processes, or methods.
Great logical and verbal reasoning skills.
Exceptionally detail-oriented.
Exceptional problem-solving and information-processing skills.
Ability to think outside the box.
A great work ethic and interest in learning new concepts and growing with the job.
Ability to work both independently and as part of a team.
Must have their own work device (preferably a desktop or laptop) and a stable internet connection.
Must be comfortable with using a time-tracking software for payroll purposes.
Must be willing to undergo a background verification check during the final stages of the hiring process.

Successful candidates for this role will be rewarded with the following benefits:

A total of five paid vacation days per year (additional days can be taken unpaid).
A 5% raise per year guaranteed (additional raises or bonuses may be given for outstanding performance).
A paid 15-minute break for every 4 hours of work.
Healthcare benefits after 2 months of full-time work.