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Executive, Fund Accounting (KL/ Labuan)

Apply now Job no: 514273
Work type: Full time
Location: Malaysia, Malaysia Labuan
Categories: Client Accounting, Private Equity and Real Estate
Office Location: Labuan

TMF Group in Malaysia is currently looking for Executive to join its Fund Services team.

Job Position: Malaysia, base Kuala Lumpur/ Labuan – full time

Job Purpose

The Executive will have a varied multi-tasking role, including dealing with clients and counterparts in other offices, fund managers and investors, reporting to HNW investors, and daily internal/external communication combined with all relevant and associated administration.  In addition, the person will prepare accounting work and reporting packages for the Funds. This person will also prepare/review client compliance files, maintain the client database and perform administrative functions related to the funds, including the invoicing/collection process and communicating with other fund participants - bankers, fund lawyers, tax advisors etc.  Strict reporting deadlines must be adhered to which may require additional hours outside of normal office hours.

Job Description

  • Perform day-to-day administration functions required in the scope of administration services provided to clients
  • Prepare net asset valuation including:
    • Liaising with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
    • Cash and portfolio reconciliations (investment trading activity)
  • Prepare interim and annual financial statements with footnotes, any other ad-hoc reports required
  • Coordinate and monitor external audit process, and liaise with auditors to ensure timely completion of audits
  • Perform client and investor due diligence - KYC, AML, FATCA/CRS checks and onboarding process
  • Process investor-related transactions (subscriptions, redemptions)
  • Ensure the Fund and Investor set ups are processed, registers updated and the associated records are filed and maintained
  • Ensure fund income and expenses, including management and performance fees, are accrued for and are in accordance with IFRS
  • Prepare calculations for management fees, admin fees, capital calls and distributions (waterfall/clawback and carried interest)
  • Prepare limited partner & general partner allocations, and partner capital account statements
  • Prepare capital call and distribution notifications and other correspondence
  • Coordinate and monitor capital activities including capital calls, distributions, and transfers
  • Communicate with registered investors including circulation of notices, announcements, furnishing of periodic financial and/or investor statement and reports
  • Operating of bank accounts, arranging disbursement of funds, monitoring receipt of monies and attend to bank compliance reviews
  • Review private equity fund clients partnership agreements, subscription documents, PPMs, and other materials
  • Any other functions required as part of the business of the Company, and reporting to the HoD
  • Maintain strict confidentiality regarding details of the above operations and ensure all aspect of the Company and its clients are not to be disclosed or discussed outside the course of executing your responsibilities

Job Requirement

  • 2–5 years of fund accounting/administration experience (knowledge of Private Equity/Venture Capital, Real estate funds would be an asset)
  • Degree in Accounting or Finance  (MIA, ACCA or equivalent would be advantageous but not required)
  • Strong written and verbal communication skills (fluent English)
  • Attention to detail and client/team focus

Advertised: Singapore Standard Time
Applications close: Singapore Standard Time

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