FUND ACCOUNTANT

THE ROLE

A fund accountant is responsible for managing and overseeing the financial operations of investment funds, ensuring accurate and timely financial reporting.c

Job Description

Information management and fund administrator liaison

• Oversee all aspects of information sharing with, and reviewing/reconciling the output from, the external fund administrator.
  
  
  

Interest calculations

• Interest calculations in accordance with loan facility agreements
• Collaborate with the investment team to understand the interest rate structure and fee provisions outlined in each loan facility agreement
• Prepare and send borrower interest confirmation emails
  
  
  

Bank Account Management

• Reconcile fund bank accounts on weekly basis
• Monitor receipt of investor subscription money for capital calls
• Ensure the timely receipt of borrower interest, following up on any overdue payments.
  
  
  

Month-end process

• Process month-end journal for interest and fee revenue, accruals, prepayments, investor transact
• Calculate management and performance fees payable to GCI
• Generate Recipient-created tax invoices for management and performance fees payable to GCI
• Prepare monthly balance sheet reconciliations and key P&L balances, ensuring queries and reconciling items are followed up and resolved
• Reconcile Net Asset Value calculations, distributable income and month end unit prices to the external fund administrators calculations.
  
  
  

Tax compliance

• Calculation of withholding tax on payment to foreign investors
• Prepare monthly and quarterly Instalment Activity Statement (IAS) and Business Activity Statements (BAS)
• Process journal to correctly record Withholding Tax, Business Activity Statement and Goods & Services Tax
  
  
  

Audit support

• Assist with audit queries and preliminary review of annual financial statements
  
  
  

Regulatory reporting

• Assist in preparation of annual APRA reports
  
  
  

Accounts payable

• Monitor Accounts inbox for fund invoices payable and invoices payable received from the investment team
• Prepare payment instructions for payment of fund-related expenses.
  
  
  

Fee rebates

• Calculation of fee rebates payable to investors and employees by GCI
• Generate statements to all fee rebate recipients.
  
  
  

Compliance administration

• Assist with compliance-related tasks such as sending out periodical attestations, compiling responses and following up on any outstanding items.
  
  
  

Projects and continuous improvements

• Assist with further automation of month end process
• Contribute to process and control improvements across the finance function
  
  
  

Key Requirements

The ideal candidate will:

• A minimum of 5 years prior experience in a fund accountant role with an investment manager, fund administrator or custodian;
• be a Certified Practicing Accountant (CPA);
• knowledge of Australian Accounting Standards or US GAAP;
• have strong skills in MS Office suite, particularly excel;
• experience with Xero accounting software is desirable but not essential.
  
  
  

Working Conditions:

• Work schedule: Dayshift (AUS Time Zone), Shifting
• Work arrangement: Hybrid Work Arrangement
  
  
  

About The Company

Outsource Accelerator is the trusted source for independent information, advisory and expert implementation of Business Process Outsourcing (BPO). We are the #1 Outsourcing Authority, and we offer the worlds leading aggregator marketplace for outsourcing.

We specifically provide the conduit between Philippines outsourcing suppliers and the businesses clients across the globe. We continue to provide world-class talent to help small and medium-sized enterprises successfully build their offshore team in the Philippines.