Role: Fund Accounting Team Leader Work Location: Pasay Work setup: Hybrid Job Description Job Responsibilities: Optimize and streamline processes to increase efficiency. Historical accounting data has been tracked in Microsoft Excel. The individual will be required to recommend standard go-forward processes, review capital activity and other data in preparation for the implementation of technology solutions. Supervise Senior Associate work streams/deliverables. Document procedures and policies across multiple funds/investments. The individual will be required to understand and assist with reviewing documentation of deal-by-deal allocation rules that vary by fund and investor classes. Demonstrate strategic thinking and effectiveness by identifying future needs and problem areas, developing and implementing workable solutions. Review work paper files for accuracy and completeness, including capital activity, investment activity, income, fund flow through expense and direct expense allocations. Oversee the maintenance, preparation, and review of investor allocations and capital account statements by deal by fund. Review deal by deal capital calls allocations and distribution, allocate expenses, and prepare investor capital notices. Review and assist with tracking and maintaining carried interest issuances, updating deal by deal carry, re-allocating carry for issuances and forfeitures based on each fund's allocation rules, calculating vesting by deal by fund. Summarize key provisions from fund agreements such as allocation methodology, clawback provisions and holdback requirements, expense policies and methodologies. Review and assist with monthly cash reconciliations for numerous funds. This requires downloading bank cash activity, tracking expense reserves, tax withholdings and payments and other reconciling items. Oversee and review the recording of monthly journal entries in Investran based on the capital activity. Review quarterly trial balances and reconcile fund accounting workpapers as well as general partner's year-to-date and life-to-date capital activity summary and reconciliations. Maintain tax withholdings and payments by investor, fund and legal entity. Maintain or review year-to-date and life-to-date capital activity. Maintain the General Partner commitment tracker by Fund. Assist with ad-hoc reporting needs. Requirements QUALIFICATIONS: Bachelor's degree in accounting or finance. Previous General Partner Accounting experience or at minimum, Fund accounting experience. 7-10 years' experience in accounting, with a focus in private equity 1-3 years supervisory experience Demonstrate a strong knowledge of accounting, with a focus on private equity funds. High attention to detail, accuracy and timeliness with proven ability in managing multiple deliverable timelines concurrently. Ability to own and complete various workstream. Ability to provide valuable insight and assist with initiatives. Ability to delegate tasks and work requirements to resources ensuring clear responsibilities, deadlines and deliverables. Experience with financial data analysis Proficiency in Microsoft Office suite, with advanced Excel skills Knowledge of ERP systems required (Sage Intact and Investran) Understanding accounting and finance process flows and how information is consolidated into the general ledger, to ensure improvement and value creation. Good English, oral and written, communication skills. Ability to follow procedures. Ability to meet assigned deadlines. Strong communications skills. Self-motivated / energetic individual. Experience with DealCloud CRM platform a plus. Team Lead duties Job Types: Full-time, Permanent
Pay: Php100,000.00 - Php135,000.00 per month
Experience:
accounting, with a focus in private equity: 7 years (Required) Supervising: 1 year (Required)#J-18808-Ljbffr
