Associate

Associate

Job category：

Fund Operation/ Fund Accounting/ Fund Administration

Position Overview

Responsible for providing fund administration services for Open-ended Cayman Funds, Open-ended British Virgin Islands (BVI) Funds, Hong Kong Open-ended Fund Companies (OFCs), and Hong Kong Limited Partnership Funds (LPFs).

Oversee and review fund Net Asset Value (NAV) calculations and valuation processes to ensure accuracy and timeliness. Coordinate day-to-day interactions among fund managers, custodians, auditors, and other service providers to maintain high service quality and operational efficiency.

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Key Responsibilities

1. Fund Accounting & Valuation Management

• Prepare/ Review and reconcile daily, weekly, and monthly NAV calculations
• Lead client onboarding and fund implementation projects, including fund setup. Configure performance fee methodologies such as High-Water Mark (HWM) and Hurdle Rate in accordance with fund offering documents/ Limited Partnership Agreement, ensuring accounting systems accurately reflect client-specific requirements.
• Review portfolio valuations, corporate actions, expense accruals, management fees, performance fees, and accounting records to ensure completeness and accuracy.
• Ensure timely delivery of fund accounting data in compliance with applicable accounting standards, fund documentation, and internal policies.

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2. Open-ended Fund Operations Management

• Support the full lifecycle operations of open-ended investment funds.
• Coordinate fund subscriptions, redemptions, investor allocations, cash movements, and daily operational activities.
• Manage investor onboarding and account opening processes, including review of KYC/AML documentation, subscription agreements, and fund closing documents.
• Handle transfer agency activities and investor servicing functions.
• Coordinate the establishment and maintenance of trading, custody, bank, and brokerage accounts.
• Manage regulatory reporting and tax compliance requirements, including FATCA and CRS filings.

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3. Project Management & External Coordination

• Participate in and lead system implementation and change management projects, including end-to-end User Acceptance Testing (UAT).
• Liaise with custodians, prime brokers, auditors, banks, legal advisors, valuation agents, and other external service providers.
• Support annual audit engagements for Cayman Funds, BVI Funds, Hong Kong OFCs, Hong Kong LPFs, and other investment vehicles.
• Participate in fund launches, new product onboarding and fund liquidation projects.
• Support system implementation, process automation, operational enhancement, and digital transformation initiatives.

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Qualifications & Requirements

Education

• Bachelor's degree or above in Accounting, Finance, Economics, or a related discipline.

Experience

• 3-5 years of relevant experience in Fund Operations, Middle Office Operations, Fund Accounting, or Fund Administration.
• Experience with asset management firms, fund managers, or fund administration service providers is highly preferred.

Technical Knowledge

• Knowledge of AML/KYC requirements and FATCA/CRS reporting is a plus.
• Understanding of hedge fund operations and open-ended fund operating models.
• Familiarity with Hong Kong Securities and Futures Commission (SFC) regulatory requirements and asset management operational governance frameworks.
• Advanced proficiency in Microsoft Office, particularly Excel.
• Experience with fund accounting systems and fund administration platforms is preferred.

Professional Qualifications

• CPA, ACCA, or equivalent professional accounting qualification is preferred.

Language Skills

• Excellent written and verbal communication skills in both English and Chinese.
• Ability to conduct professional business communication in Mandarin and English.