Fund Accountant
Description
Position: Fund Accountant – Private Equity Funds
Location: Hong Kong
About Us
The Maples Group is a global leader in financial services, trusted by many of the world’s largest hedge fund managers, private equity firms, and international corporations.
Our side-by-side financial and legal teams consistently deliver award-winning services to a global client base, offering unrivalled learning and career opportunities to our 2,500 colleagues worldwide.
What’s it like to work here?
We are driven to excel, and collaboration is key to our continued success. We can go further for our clients because we go further for each other too. Our inclusive culture creates an environment where people can be themselves at work while doing their best work. No matter where you work in the Maples Group, you will be part of a global team.
The Opportunity
The Fund Accountant reports to the Vice President and provides administrative services to a portfolio of client companies.
Primary responsibilities include:
Fund Accounting Work:
- Assisting the Senior Fund Accountant (SFA), AVP, VP or SVP with the setting up of new funds and on-going matters in a timely manner;
- Assisting the SFA, AVP, VP or SVP with the obtaining of necessary compliance information for approval;
- Assisting the SFA, AVP, VP or SVP to ensure the proprietary database is completed with accurate data by the take-on point of the client;
- Act as primary point of contact for our clients to address requests, queries, and any issues that may arise on the clients assigned to you.
- Monitor the cash activity of your clients and prepare the reconciliations on a regular basis.
- Prepare the quarterly Net Asset Value Calculations/Partner Capital Account allocation, Capital Calls, and Distributions schedules.
- Monitor and reconcile the fund investment transactions and reconcile Investment positions on a regular basis.
- Develop a comprehensive understanding of your Fund’s Limited Partnership Agreement and the operational structure of your clients.
- Acquire and develop a mastery of the systems used for client and internal reporting.
- Liaise with auditors and coordinate with clients to ensure the smooth completion of the year-end audit.
- Coordinate with various teams within the Maples organization to ensure client queries and deliverables are completed in a timely manner.
- Acquire an understanding and application of The Maples Group’s relevant organizational controls and operational procedures.
- Assisting managers in compiling ad hoc reports and operational metrics as required by management.
- assist in the invoicing process, collection of receivables and will liaise with auditors to provide requested information and respond to queries.
Training and Development
- Demonstrating a commitment to acquiring new capabilities, constantly striving to improve performance;
- Proactively seeking out and taking advantage of training and development opportunities
- Developing a continuous learning plan with the consent of the VP and SVP
Risk Management
- Acting in accordance with legal, regulatory and internal risk management requirements, including complying with all MFS policies and procedures and internal guidance notes
- Reporting business issues to the SFA, FAS, AVP, VP or SVP
What You Bring
In addition to indisputably high ethical standards and autonomy, the ideal candidate possesses the following:
- Degree holder in Accounting
- Good English communication skills and be able to speak Cantonese. Mandarin will be a plus.
- Relevant working experience in fund accounting is an advantage, though it is not essential.
- Candidates with working experience in general accounting will also be considered.
- A team player with positive attitude to face clients and offer work-related assistance to clients and colleagues
- Ability to handle work/client deliverables with tight deadlines
Note: Fresh graduates may apply for the position of Assistant Fund Accountant.
Benefits & Rewards
The most enduring professional relationships are reciprocal relationships. The Maples Group prioritises employee health and wellbeing. Depending on your location, we offer a range of benefits, including:
- Comprehensive health coverage (medical, dental and optical)
- Competitive vacation packages
- Educational assistance and professional development programmes
- Savings or pension plan
- Life insurance
- Travel insurance
- Global mental wellness programme
- Sports clubs and social events
“Please note that it is the Maples Group standard policy to undertake various background screening checks on all applicants to whom a conditional job offer is made. Except for roles based in the Republic of Ireland, the background checks will include criminal records checks when a conditional job offer is made. If you have a criminal record, it does not mean that your job offer will be automatically withdrawn. The Maples Group will make all job offer decisions on a case-by-case basis and will take a number of factors into account, such as the role that you are applying for and the nature and circumstances of the past offence. You will have the opportunity to discuss the matter with us before a decision is made. Further details will be provided at the time any conditional job offer is made.”