Assistant Manager / Senior Executive of Fund Accounting and Reporting – Maybank Asset Management
Kuala Lumpur
Permanent
Full-time
27 days ago
Position Overview: The Assistant Manager / Senior Executive - Fund Accounting & Reporting will be responsible for performing the day-to-day fund accounting, valuation, and reporting activities. In addition, this role will involve participating in a key project to transition these functions from a service provider to an in-house team. The position requires strong technical knowledge in fund accounting, valuation methodologies, and reporting processes, as well as project management experience to ensure a smooth and efficient transfer of operations. Key Responsibilities Fund Accounting & Valuation: Manage and check the accurate and timely accounting for investment funds/portfolios, including reconciliation of positions, cash, and accruals. Ensure proper valuation of portfolios in compliance with accounting standards and fund/portfolio policies. Monitor and check the daily NAV (Net Asset Value) calculation and resolve discrepancies in a timely manner. Review financial statements, ensuring compliance with applicable regulations and accounting standards. Coordinate with trustees, auditors, tax agents and other service providers as necessary to support fund accounting and valuation activities. Reporting: Prepare and/or review monthly, quarterly, and annual reports, ensuring all financial data is accurate and complete. Assist in the preparation of reporting, including NAV reports package. Ensure compliance with internal policies and regulatory requirements for reporting purposes. Transition Project Management: Work closely with cross-functional teams to facilitate the seamless transition of fund accounting, valuation, and reporting functions from the service provider to the in-house team. Collaborate with service provider to understand current processes, systems, and data flows, and help map out the future state for in-house operations. Assist to the design and implementation of new workflows, systems, and controls as part of the in-sourcing process. Execute project plans, timelines, and milestones, ensuring the transition is completed on time and within scope. Support training initiatives to equip the in-house team with the necessary skills and knowledge for managing fund accounting, valuation, and reporting functions. Identify and resolve any challenges or gaps that arise during the transition, ensuring continuity of services. Process Improvement Continuously assess and improve processes related to fund accounting, valuation, and reporting to drive efficiency and accuracy. Implement best practices or automation solutions where possible to enhance the fund accounting and reporting processes. Recommend enhancements to improve operational efficiency and data quality. Team Collaboration & Support: Provide guidance and support to junior team members, fostering a collaborative and high-performance team environment. Work with other departments to ensure alignment on fund accounting and reporting requirements. Assist in ad-hoc projects and tasks as required by the supervisor. Job Requirements Education: Bachelor's degree in Accounting, Finance, Economics, or a related field or similar qualification preferred. Professional qualifications such as ACCA, or CPA will be a plus. Experience: 3-5 years of experience in fund accounting, valuation, and financial reporting, preferably within an asset management environment. Proven experience in managing or supporting a transition of functions, particularly in fund accounting or related operations. Strong knowledge of financial products, investment structures, and related valuation methodologies (equities, fixed income, derivatives, etc.). Experience in working with fund accounting systems is highly desirable. Skills & Competencies: Strong analytical and problem-solving skills. Excellent communication skills, with the ability to interact with internal teams, external service providers, and stakeholders. Detail-oriented with a strong focus on accuracy and timeliness. Ability to manage multiple priorities in a fast-paced environment. Project management skills with the ability to handle complex transitions and change management. Strong knowledge of regulatory and industry standards related to fund accounting and valuation (e.g., IFRS, GAAP, etc.). Proficiency in Microsoft Excel, and experience with accounting and reporting software tools. Ability to work independently and as part of a team, demonstrating initiative and a proactive approach. Show more Show less