Head of Fund Accounting
A senior finance member for a large size fund or a number of mid-smaller funds or separate accounts. Manages the work activities of an accounting team. Responsible for oversight and development of staff. Oversees the accounting and reporting requirements on fund investments including set up and accounting for complex multi-tier investment entities. Reviews monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting. Responsible for oversight of fund level reporting and coordination of client equity contributions and distributions. Supports new business initiatives.
Financial Statement & Budgets:
Reviews and verifies financial information including monthly, quarterly and annual financial statements for commingled funds and separate accounts prior to submittal to client and investors.
Produces statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output.
Provides qualitative analysis and comments. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review.
May review the work of junior team members. Manages portfolio budgets, forecasts and reports for clients/investors.
Monitors Financial Performance:
Monitors financial performance, provides a forward-looking view and strategic advice to the executive leadership team.
Compiles and analyses detailed data. Reviews periodic P&L calculations at the fund and investor levels.
Manages and operates the treasury / cash management function and ensures an adequate accounting function of the product.
Reviews system prepared reports and supporting schedules for accuracy.
Reviews and signs-off on fund level bank account reconciliations.
Assists in discussion with banks and financial institutions, assist with handling financing arrangements and execution of loan agreements.
Maintains relationships with external parties
Manages financial/legal/tax risks and ensures segregation of duties and a suitable control framework is in place.
New Business Participation & Structuring:
May participate in new business proposals.
Manages capital request and budgeting progress, reviewing new contracts and business opportunities.
Manages financial transactions related to new business proposals. Assists on structuring investments and raising capital.
Pricing Platform & Fund Valuation:
In Asia, maintains Fund Valuation Principals “FVP” for limited partnership interest pricing,
May review junior team member's work product, including NAV calculations, financial packages, to ensure its complete, accurate and timely release to internal departments and external clients.
Contact point for investors. Feeds data for client presentations. May design and prepare presentations on financials.
Reviews/prepares IRR and performance models.
Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service.
Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication.
Participates and/or leads all aspects of internal and external property and client transitions. Works with other internal teams in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement.
Participates in the implementation and maintenance of the accounting/reporting systems. Coordinates and ensures completion of annual audits by required deadlines.
Works with other internal teams in handling special requirements or projects. Remains current with changing environment/regulations, responsible for impact on fund accounting practice.
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required.
A minimum of six years accounting experience or equivalent combination of education and experience required.
Prior experience in fund level accounting required with real estate accounting or fund accounting software systems.
Requires prior supervisory experience and experience with real estate accounting or fund accounting software systems.
Advanced technical financial skills and comprehensive knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards.
Advance economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations.
Knowledge of real estate terms, definitions, and real estate analytical methodology.