Assistant Manager (PE Fund, Fund Accounting)

Job Description

• You will be responsible for accounting and fund administration for venture capital funds that invest in different regions.
• Your tasks will include producing quarterly investor reports, General Partner board reports, and annual financial statements for the fund.
• It will be essential to review Limited Partnership Agreements to grasp their accounting and reporting implications.
• You will also prepare calculations for carried interest.
• Additionally, you will create distribution and call notices along with the necessary calculations.
• Collaboration with venture capital teams, third-party fund administrators, Corporate Treasury, legal, and tax departments is crucial to ensure proper investment transaction processing and cash management.
• You will assist with various group controlling activities and ad-hoc projects as needed.
• Reviewing, interpreting, and implementing new US GAAP accounting standards will be part of your role, including preparing reports to analyze and document the accounting treatment for different investments under US GAAP.
• Supporting group audits and local fund audits will involve liaising with and providing assistance to external auditors.
• You will help in developing and maintaining controls, systems, and processes to ensure accurate and timely accounting and management reporting.
• Regular reports for senior management and the Board will need to be prepared by you.
• Supporting tax compliance requirements, including K1, PFIC, and CFC, will also be part of your responsibilities.

Qualifications and Skills:

• The ideal candidate will hold an ACA, CA, or an equivalent accounting designation, with at least three years of post-qualification experience.
• Practical experience with investment companies and complex partnership structures is preferred, particularly within US GAAP.
• You should have experience in preparing financial statements, ideally under US GAAP.
• Understanding and interpreting legal agreements is essential for this role.
• Experience in investment performance calculation and presentation, including attribution analysis, is desirable.
• Familiarity with working in an international multi-currency environment is a plus.
• A proactive approach, strong communication skills regarding accounting issues, attention to detail, and a commitment to high standards are necessary.
• You should be able to thrive in a fast-paced environment, working efficiently under deadlines and pressure, with high energy and enthusiasm.
• Being mature, a team player, and flexible in adapting to changes will be important attributes

If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer HKD1000 in Apple gift cards for every referred candidate who we place in a role. Terms & Conditions Apply. https://www.ambition.com.hk/refer-a-friend