Job Title: Senior Fund Accountant
Location: Brisbane (will consider Sydney with T&E covered)
Salary/Rate: 3250 HKD per day
Start Date: 02/06/2025
Job Type: Contract
Company Introduction:
The Senior Fund Accountant will be responsible for overseeing the accounting and financial reporting for a portfolio of client funds, ensuring accuracy and timely delivery of net asset values (NAVs), financial statements, and reconciliations. The ideal candidate will bring Tier 1 banking experience and familiarity with HiPort systems, deep knowledge of fund accounting processes, regulatory compliance, and accounting principles, and will be instrumental in managing daily accounting activities in a dynamic, fast-paced environment.
Key Responsibilities:
- NAV Calculation: Lead the accurate and timely calculation of daily, weekly, or monthly NAVs for assigned funds, ensuring full compliance with fund documents and industry regulations.
- Financial Reporting: Prepare and review comprehensive financial statements (e.g., balance sheets, income statements) and investor reports, ensuring that they align with industry standards and client requirements.
- Fund Reconciliations: Supervise reconciliation of portfolio holdings, cash movements, and positions across custodians, administrators, and banks, ensuring consistency and accuracy.
- Transaction Processing: Oversee the accurate recording of all fund transactions, including trades, income, corporate actions, and capital calls, adhering to the highest standards of accounting.
- Client Liaison: Serve as a key point of contact for clients, providing regular updates on portfolio status and addressing any client queries related to fund performance and accounting.
- Regulatory Compliance: Ensure that all fund accounting activities comply with relevant regulatory frameworks (e.g., IFRS, GAAP, local financial regulations) and Tier 1 banking industry standards.
- Audit & Tax Support: Facilitate the preparation of tax and audit deliverables, liaising with auditors and tax advisors to ensure accurate and timely completion of annual reports.
- Fund Structuring Knowledge: Manage funds with complex structures (e.g., hedge funds, private equity, mutual funds), leveraging your experience working within a Tier 1 banking environment.
- Hiport System Expertise: Utilise Hiport accounting systems for efficient fund accounting and reporting, ensuring proper integration with other financial systems and smooth operational workflows.
- Process Improvements: Proactively identify and implement enhancements to accounting processes, tools, and systems to increase efficiency and reduce risk.
- Team Leadership: Provide mentorship and guidance to junior staff, offering technical expertise and assisting with training to improve fund accounting processes.
Qualifications & Experience:
- Experience: Minimum 7-10 years of fund accounting experience, specifically within a Tier 1 banking institution or a global asset management firm. Experience with complex fund structures and a solid understanding of securities services. Experience using Hiport accounting systems is essential.
- Technical Skills: Extensive knowledge of fund accounting systems (especially Hiport), and proficiency with financial instruments, derivatives, and structured products.
- Regulatory Knowledge: Expertise in IFRS, GAAP, and other relevant financial regulations, particularly those impacting Tier 1 financial institutions.
- Education: A Bachelor's degree in Accounting, Finance, or a related field. Professional qualifications such as ACCA, CPA, or CFA are highly desirable.
- Analytical Ability: Strong analytical skills, with the ability to interpret complex financial data and provide actionable insights for clients.
- Communication Skills: Exceptional communication skills to liaise effectively with internal stakeholders, clients, and external auditors.
- Attention to Detail: A keen eye for accuracy and the ability to maintain high standards in all fund accounting and financial reporting activities.
- Time Management: Ability to manage multiple high-priority tasks simultaneously in a fast-paced, deadline-driven environment.
Key Competencies:
- Tier 1 Banking Experience: A proven track record of working in or with Tier 1 banks and familiarity with their operational processes and standards.
- Hiport System Expertise: In-depth experience using Hiport or similar accounting systems in a fund accounting or securities services role, with the ability to navigate and leverage the system for day-to-day operations.
- Client-Focused: Ability to provide exceptional service to clients, understanding their specific needs and delivering tailored financial reporting.
- Leadership: Strong team leadership and mentoring skills, with the ability to support and develop junior staff.
- Problem-Solving: Proactive in identifying potential issues and implementing solutions, particularly in complex or high-pressure situations.
If you are interested in this opportunity, please apply now with your updated CV in Microsoft Word/PDF format.
Disclaimer
Notwithstanding any guidelines given to level of experience sought, we will consider candidates from outside this range if they can demonstrate the necessary competencies.
Square One is acting as both an employment agency and an employment business, and is an equal opportunities recruitment business. Square One embraces diversity and will treat everyone equally. Please see our website for our full diversity statement.
