Job Opportunity
Fund Accountant – Real Estate
IQEQ | Singapore
Job Summary
Review all financial statements and disclosures and ad-hoc client deliverables in relation to providing fund administration services to the PE clients. Bachelor’s Degree in Accounting, CPA or equivalent. 3+ years of management accounting or fund accounting experience in real estate industry.
Details
Purposes:
* Provide high quality service deliverables to the firm’s Real Estate (RE) clients you are responsible for, ensuring all deliverables are met and the client’s expectations are managed and met on a day-to-day basis
* Review all financial statements and disclosures and ad-hoc client deliverables in relation to providing fund administration services to the PE clients
* Help improve the processes and efficiencies of the department
* Be subject matter expert of RE fund structures accounting and administration processes
Core Responsibilities:
* Manage financial servicing for a portfolio of RE clients, ensuring the smooth running of day-to-day relationship with the clients and consistent delivery of client reporting/information accurately and on time
* Be an ‘expert’ on designated clients including understanding technical details of their LPA, SLA, Fee Agreement and any technical nuances
* Minimise risk to IQ-EQ by ensuring all procedures and checklists are followed by all team members
Tasks / Duties:
Client Delivery
* Deliver timely quality service to the client to ensure all requests for designated clients are met, ensuring any client/investor queries are responded to within 24 hours
* Complete a review on designated client work (includes NAV, financial statements and other ad-hoc tasks) and assist on reviews for other teams as required
* Ensure that KPIs are developed, implemented and reported quarterly in accordance with agreed SLAs
* Prepare quarter-end timetable for all client work and manage quarter-end process to ensure all deliverables adequately resourced and completed on time
* Maintain regular contact with the client through weekly phone calls and emails, detailing upcoming deliverables and progress thereof
* Assist with new business take on where required
Management of Workflow
* Work with Back Office on client deliverables to ensure adequate resources are allocated and fully utilised
* Ensure Back Office are preparing all work to a standard suitable for client review
* Provide constructive feedback to Back Office on a timely basis and ensure Back Office receive appropriate development support
* Plan workloads and utilise support team / additional resources where necessary to ensure deadlines are achieved
* Ensure reconciled cash balances are maintained for the clients at all times
IQ-EQ Fee Management
* Ensure our electronic time sheets are completed daily and accurately for all hours worked, and record ad-hoc work completed for billing purposes
Systems
* Understand and use best practice on Investran (accounting platform)
* Understand and make best use of the functionality in our software when producing accounts
* Ensure client database is up to date and accurate in Investran (contact changes completed within 24 hours of receipt) and Outlook databases for client related changes
Risk
* Ensure relevant procedures and checklists are adhered to by staff to minimise risk of errors
* Report any breaches, complaints or errors to the Compliance Officer promptly
* Ensure all error reports are completed for review by the Senior Accountant on the day an error is identified
Other
* Undertake any additional reasonable requests as deemed by the firm
Qualifications:
Essential
* Bachelor’s Degree in Accounting, CPA or equivalent
* At least 3 years of management accounting or fund accounting experience in real estate industry
* Knowledge of consolidation with multi-currency legal entities
* Ability to review third-party management accounts and understanding of duties performed by Property Managers, rent billing, collection of rent, insurance recharge
* Ability to use and understand property systems and processes (i.e. Yardi / Horizon)
* Understanding of various types of income, dilapidations, lease surrender, capital contribution, capital allowances, rent reconciliation between demands raised and tenancy schedule
* Understanding of tax, GST, capital allowances will be an added advantage
* Excellent organisational, prioritisation and interpersonal skills
* Comfortable communicating with the Senior Management
* ‘Can do’ attitude and the ability to cope with tight deadlines, working under pressure and lead by example
Desired
* Knowledge of private equity industry is essential
* Advanced Excel skills including pivot tables and data analytics
* Experience working in financial services office environment
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- Min Experience: 3 years