Assistant Manager, Fund Accounting

6 months ago

Kuala Lumpur, Malaysia Prudential plc Full time

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

This position is responsible for the daily fund accounting operations following the applicable accounting standards, regulatory requirements and guidelines, and internal policies and procedures.

Fund Accounting Operations
- Perform the daily fund accounting operational tasks such as unit trading processing, trades processing, securities master data creation or update, corporate actions processing, pricing upload, accruals of miscellaneous fund related fees, provision of tax and deferred tax, etc.
- Perform position and cash reconciliations as per the stipulated timeline and frequency.
- Perform investigation, follow-up and resolve any discrepancies identified during the position and cash reconciliations process.
- Ensure proper and valid justification for the outstanding unreconciled items and ensure these unreconciled items are resolved in a timely manner.
- Execute daily/weekly/monthly Net Asset Value (“NAV”) valuation as per the stipulated timeline.
- Perform validation of daily/weekly/monthly NAV price based on PAMB’s fund accounting system against the NAV price and NAV price movement checks provided by the appointed service provider.
- Perform investigation and follow-up with the appointed service provider should the differences identified during the NAV validation process exceed the tolerance limit.
- Ensure proper and valid justification are properly documented for the differences exceeding the tolerance limit and escalate if adjustments or immediate rectification is required.
- Verify the unit price publications and ensure accuracy as per the agreed timeline before releasing for publications.
- Ensure all the fund accounting related transactions are processed accurately and in a timely manner.
- Prepare all relevant data and reports in an accurate manner and in accordance to the stipulated timeline.
- Verify the calculation basis and amount to be settled for fees payment to fund managers, custodians, appointed service providers, fund accounting related vendors, etc.
- Prepare settlement instructions to relevant counterparties for redemptions, fees payment, money market placements for internally managed funds, foreign exchange trades and Collective Investment Schemes (“CIS”) related trades.
- Ensure the settlement instructions are prepared accurately and in a timely manner.
- Support internal and external stakeholders on relevant matters in relation to fund accounting by providing timely and satisfactory responses on all enquiries.
- Perform proper and correct system setup for any new funds launched.
- Perform User Acceptance Testing (“UAT”) to ensure proposed solution meets the fund accounting operational requirements.
- Ensure the UAT is approved in a timely manner before implementation in production.

Fund Accounting Governance
- Comply and adhere to the Standard Operating Procedures (“SOP”) for fund accounting processes and all internal controls are strictly applied in the day-to-day fund accounting operations.
- Assist to develop Control Checklist for each fund accounting process to ensure SOP are strictly adhered to in the day-to-day fund accounting operations and assist to update the checklist as and when required.
- Assist to identify areas for further improvement and enhancement to improve the internal controls’ effectiveness and team’s efficiencies.
- Ensure quality of documentation is in accordance to internal standards, policies and guidelines.
- Ensure all fund accounting related documentations are properly saved in the designated shared drive for audit trail purpose.
- Ensure compliance to all applicable accounting standards, regulatory requirements and guidelines and internal policies and procedures.

Others
- Establish close and strong working relationships with internal (such as Investment team, Treasury and Cash Management team, Group Reporting team, Local Financial and Statutory Reporting team, internal auditor, etc.) and external (such as appointed service providers, custodians, fund managers, external auditors, fund accounting related vendors, etc.) stakeholders.
- Assist to develop and recommend areas for enhancements and improvements for the current fund accounting system and processes to meet the challenges and needs of internal stakeholders.
- Participate and assist to support local or regional initiatives or projects for any development, design and implementation of new processes, controls or systems in relation to fund accounting.

Job Specifications:
Education
- Bachelor or Professional D

  • Fund Accountant

    4 months ago

    Kuala Lumpur, Malaysia SS&C Fund Services (Asia) Pte Ltd Full time

    SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare...

  • Fund Accountant

    5 months ago

    Kuala Lumpur, Malaysia SS&C Fund Services (Asia) Pte Ltd Full time

    SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare...

  • Fund Accounting, Kl

    4 months ago

    Kuala Lumpur, Malaysia SS&C Fund Services (Asia) Pte Ltd Full time

    J- Posted by - Jaya Lakshmi Tarigoppula- Recruiter**Responsibilities** - Contribute toward a team covering one or more client relationships - Deliver accurate and timely work product within specified deliverables timelines, and in coordination with the Manager and other team members - Review or prepare all transaction documentation and supporting files, and...

  • Assistant Manager, Fund Accounting

    1 month ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Pamb Assistant Manager, Fund Accounting

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    PAMB | Assistant Manager, Fund Accounting Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an...

  • Pamb Assistant Manager, Fund Accounting

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Fund Accountant

    5 months ago

    Kuala Lumpur, Malaysia AS White Global Pty Ltd Full time

    **The Opportunity** Our client provides an exceptional level of independent accounting, fund administration, taxation, and registry services to a diverse range of clients, from start-ups to established industries. Currently, they are looking for a **Fund Accountant** to support the team onshore in Australia. This Fund Accountant will be joining the team to...

  • Fund Accountant

    5 months ago

    Kuala Lumpur, Malaysia AS White Global Pty Ltd Full time

    **The Opportunity** Our client provides an exceptional level of independent accounting, fund administration, taxation, and registry services to a diverse range of clients, from start-ups through to established industry. Currently they are looking for a Fund Accountant to support the team onshore in Australia. **Key Responsibilities** - NAV calculation,...

  • Fund Accountant

    4 months ago

    Kuala Lumpur, Malaysia Agensi Pekerjaan & Perundingcara Bright Prospect Sdn Bhd Full time

    **Job Functions**: - Prepare timely and accurate Net Assets Values for Alternative Funds. Process trades, pricing, corporate actions and accounting transactions or journals related to Hedge Funds. - Assist with the resolution of trade discrepancies and communicate to clients and management. - Generate daily, weekly or monthly reports including generating...

  • Hedge Fund Accountant

    1 month ago

    Kuala Lumpur, Malaysia Aeon Search Consulting Full time

    R- Posted by - Recruit Aeon- Recruiter We are currently seeking experienced and dedicated Fund Accountants/Junior Fund Accountants/Managers for our client. These full-time roles, based in both Singapore & Kuala Lumpur in Malaysia presents an exciting opportunity to become an integral part of their inclusive and collaborative workplace culture, offering an...

  • Manager, Fund Accountant, Client Operations

    5 months ago

    Kuala Lumpur, Malaysia MUFG Investor Services Full time

    Opportunity coming soon!! We are building out our Clients Operations function and are wanting to hear from dynamic and experienced fund accountants to journey with us on a new office opening in Malaysia. The opportunity will provide you a platform to elevate your learning in your career. You will be part of a refreshing people culture were we encourage...

  • Fund Manager

    5 months ago

    Kuala Lumpur, Malaysia JIA ASSET MANAGEMENT SDN BHD Full time

    **Job description** **About Us** An exciting opportunity for a highly motivated individual to come onboard our licensed, boutique fund management firm. **Job Scope**: - Investment knowledge, research and expertise - Strong analytical skills on **equity **markets, industry trends, stocks and quantification of the corresponding impact on the market...

  • Manager, Fund Accountant, Client Operations

    5 months ago

    Kuala Lumpur, Malaysia MUFG Investor Services Full time

    Company Description **About MUFG Investor Services**: MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund...

  • Manager, Fund Accountant, Client Operations

    5 months ago

    Kuala Lumpur, Malaysia MUFG Investor Services Full time

    Company Description **About MUFG Investor Services**: MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund...

  • Manager, Fund Accountant, Client Operations

    5 months ago

    Kuala Lumpur, Malaysia MUFG Investor Services Full time

    Company Description **About MUFG Investor Services**: MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund...

  • Account Assistant

    5 months ago

    Kuala Lumpur, Malaysia Hoxton Accounting PLT Full time

    1. To assist account manager to prepare partial and full set of account. 2. To assist account manager to attend to paperworks (include e-invoicing). 3. To prepare other supporting schedules, forming part of the full set of account. 4. Others, relating to accounting works. **Salary**: RM2,000.00 - RM3,000.00 per month **Benefits**: - Maternity leave -...

  • Fund Accounting, Operations and Compliance Analyst

    5 months ago

    Kuala Lumpur, Malaysia PRO B BISNET SDN. BHD. Full time

    Preparing financial statements, and calculating net asset value (NAV) of our funds - Preparing reports, presentations and marketing materials - Assisting with operations, record keeping and compliance - Liaise with external parties such as brokers, trustees, administrators and distributors - Assisting with the automation of operational processes where...

  • Avp, Fund Accounting Manager

    5 months ago

    Kuala Lumpur, Malaysia Citi Full time

    At **Citi**, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients - whether they be consumers, corporations, governments or institutions - to help...

  • Senior Fund Accounting Manager

    2 months ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Citigroup Inc. Full time

    About the RoleCitigroup Inc. is seeking a highly skilled Fund Accounting Senior Manager to join our team in Kuala Lumpur, Malaysia. As a key member of our Securities Services department, you will be responsible for managing a team of professionals to deliver fund valuation activities and ensure seamless delivery of Net Asset Valuations (NAVs).Key...

  • Fund Accountant, Client Operations

    5 months ago

    Kuala Lumpur, Malaysia MUFG Investor Services Full time

    Company Description **About MUFG Investor Services**: MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund...