Finance Manager
A leading PE Fund is looking to hire a Finance Manager to support its back-office operations and Managing Partners. This candidate will be involved in the full spectrum of accounting, tax, treasury, fund and debt finance, investor reporting, financial performance and MAS reporting. We offer attractive compensation including health benefits for the right person we hire.
We are looking for an exciting individual who possess the following key attributes:
- Ability to learn and adapt quickly in a dynamic environment.
- Seeking professional growth and development in a growing organization.
- Energetic and positive work attitude, interacts well at all stakeholder levelsHands-on and self-driven to learn and solve problems.
- Organized and process-oriented in handling multiple sets of data and deadlines.
- Being inquisitive at how things work.
- Be creative to find the best solutions and add value to the organization.
Key Responsibilities
- Fund Administration, Accounting and Reporting
- Key liaison with external fund administrator to ensure timely preparation of management accounts, quarterly financial statements and capital account statements.
- Review IFRS financial statements by exercising appropriate accounting control procedures and applying principles of accounting.
- Review intercompany balance reconciliation across all entities and account for related party dues.
- Review and approve calculations for capital calls, distributions, equalizations, waterfall and carried interests, deployment of capital to investments, debt interest, etc.
- Review reporting deliverables and ensure delivery to investors within reporting timelines.
- Support and handle investor queries as investors point of contact.
- Internal and External Audits
- Coordinate with auditors and fund administrator to manage tight audit timelines, handle audit requests and follow-up on audit points and deliverables.
- Assist auditors in preparing annual financial statements in accordance with financial accounting standards.
- Ensure required reporting and filings with authorities and regulatory bodies are completed within deadlines.
- Fund Finance and Operations
- Comprehend investment fund structures, identify and plan for fund flows e.g. deploying capital to investments, timely collection of management fees, loan and debt interest payments, etc.
- Oversee tax reporting and tax compliance matters with tax agents, review tax deliverables e.g. corporate income tax, US investors’ IRS K-1 and K-3 reports, FATCA/CRS reports, etc.
- Prepare quarterly MAS returns and periodic surveys over financial and asset management data.
- Assist in ad hoc and special projects where required to support new business opportunities.
- Prepare invoices and process payments in accordance with set practice and procedures.
- Business Intelligence
- Review the fund’s valuations of portfolios with external valuation service provider and agree the fair valuations used for the fund’s performance sign off by the investment committee.
- Calculate the fund’s overall investor returns and net asset valuation performance and valuation marks, and prepare fund’s portfolio monitoring reports for institutional investors.
- Analyze financial information of portfolios for funding efficiencies and cashflow requirements.
- Assist with portfolio companies and fund reporting obligations where necessary.
- Treasury Function
- Oversee the financial and treasury month/quarter end processes for all CSP and fund entities.
- Review financing documents and identify key reporting deadlines, prepare finance documents e.g. management fee invoices, intercompany loan agreements, etc.
- Oversee the fund financing treasury/cash management, debt financing management and payments servicing, coordinate with banks and financial institutions on financing arrangements and execution of loan agreements.
- Prepare debt covenants reporting for mezzanine and senior lenders.
- Other responsibility areas
- Comprehend corporate and regulatory documents and review operational KYC compliance work, corporate and regulatory documents when necessary.
- Ensure compliance with risk and internal control framework /policies.
- Support new business opportunities, participate and assist in projects where required.
- Maintain and update an internal database of finance, accounting and corporate documentation.
Key experience and skills
- Tertiary education in Accountancy, ACCA, CPA, CA or other equivalent professional qualifications.
- Experience with the responsibilities in financial controls, tax, accounting, audits, cash management and investor reporting, big 4 or accounting firm / fund administration background.
- Possesses strong experience in the asset management business (public equity, private equity, or venture capital.
- Possesses advanced Excel skills and financial modelling.
- Has experience in MAS reporting and operational KYC compliance.
- A high level of commercial acumen, inquisitive by nature, able to work outside of comfort zone.
- Capable in problem solving and a self-starter who is able to work autonomously.
- A team member who is also able to work well across all stakeholder levels.