Hedge Fund Accountant (Temporary)

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.