Fund Accountant

About the role

This role involves managing fund accounting operations for multiple private equity funds and SPVs, including end-to-end fund accounting activities, financial reporting, and capital management. You will maintain general ledgers, perform month-end and quarter-end closings, prepare quarterly and annual financial statements in accordance with IFRS or US GAAP, and oversee the financial lifecycle of SPVs from incorporation through liquidation. You will also calculate and track complex distribution waterfalls and carried interest, support investor services, and identify opportunities to automate manual workflows.

Key responsibilities

• Fund Accounting: Maintain the general ledger for multiple private equity funds and SPVs. Manage end-to-end fund accounting activities including capital calls, distributions, and financial reporting. Perform month-end and quarter-end closings, ensuring all accruals and valuations are accurate.
• Capital Management: Support capital call and distribution processes, including calculating partner allocations.
• Financial Reporting: Prepare and send quarterly and annual financial statements in accordance with IFRS or US GAAP, and coordinate with external auditors for year-end audits. Support regulatory reporting processes.
• SPV Management: Oversee the financial lifecycle of SPVs, from incorporation through liquidation, ensuring intercompany reconciliations.
• Waterfall & Carry: Calculate and track complex distribution waterfalls and carried interest in line with Limited Partnership Agreements (LPAs).
• Internal communication: Liaise with Fund Administration team members as well as cross-functional teams to maximise transparency and therefore efficiency in service delivery.
• Process Improvement: Identify opportunities to automate manual workflows and enhance data integrity within the fund administration platform, supporting scalability.
• Other duties: Interacting with clients and maintaining good corporate relationships, assisting with tasks related to fund accounting as required by your manager or the client.
• Investor Services: support the processing of subscription agreements, transfer requests, and respond to investor inquiries regarding capital activity and fund performance.
• Cash Management: Payment processing in accordance with anti-money laundering regulations, bank account and liquidity monitoring, preparation of bank account-related forms and wire transfer forms.

About you

• Minimum of 4 years of experience in fund accounting, specifically within Private Equity, Venture Capital, or Real Estate
• Experience with SPVs is essential
• Strong understanding of Private Equity legal structures, LP/GP dynamics, and GAAP/IFRS reporting standards
• Familiarity with Limited Partnership Agreements (LPAs)
• Strong understanding of fund lifecycle, financial reporting, and investor servicing
• Good communication skills with the ability to engage with clients and stakeholders
• Detail-oriented with strong problem-solving skills and ability to manage multiple deadlines
• Bachelor's degree in Accounting, Finance, or a related field
• CPA or ACCA qualification is highly preferred
• Deep understanding of capital calls, distributions, waterfall calculations, and complex multi-tier entity structures

About us

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, Ascentium drives extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence. Drawing on over 50 years of Harneys Fiduciary's experience in key global jurisdictions such as the British Virgin Islands, Cayman Islands, Cyprus, Hong Kong, and Singapore, our teams combine deep local expertise with global reach, offering time zone and language-appropriate services to clients around the world.