Fund Accountant

What you'll be doing

1. Fund and Company Accounting & Financial Reporting
 General Ledger & Financial Statements
o Maintain accurate general ledger records for the fund.
o Prepare quarterly and annual financial statements, ensuring compliance with Labuan Financial Services Authority (LFSA) regulations.
o Manage fund NAV calculations, capital accounts, and investment valuations.

 Management Accounts & Performance Reporting
o Prepare Management Accounts (MA) for internal stakeholders and investors.
o Ensure accurate and timely reporting of fund performance and financial metrics.
o Monitor and report write-offs, write-downs, and investment revaluations.

 Audit & Tax Compliance
o Work with external auditors to complete the annual audit on time and avoid penalties.
o Manage annual tax filings, liaising with tax agents to ensure compliance under Labuan Business Activity Tax Act (LBATA).
o Handle tax reporting requirements such as Form E, CP8D, and investor tax documents.

2. Fund Operations & Investment Administration
 Capital Calls & Distributions
o Prepare and process capital call notices, ensuring investors receive accurate funding requests.
o Manage distribution calculations and payments to investors during the fund’s wind-down phase.
o Address investor queries related to commitments, capital accounts, and fund expenses.

 Investment Execution & Approvals
o Coordinate with Bank Negara Malaysia (BNM) for investment approvals before fund disbursements.
o Ensure proper documentation and execution of investment transactions, including equity, loans, and other financial instruments.
o Register new investments post-Investment Committee (IC) approval and maintain investment records.
 Regulatory Compliance & Reporting
o Ensure compliance with LFSA regulations, avoiding penalties and delays.
o Manage regulatory filings and ensure all required fund documents are up to date.
o Liaise with fund administrator regarding corporate governance matters.

3. Fund Administration & Investor Relations
 Investor Onboarding & Communication
o Manage Limited Partner (LP) communications, ensuring investors receive timely updates on fund activities.
o Address investor inquiries related to capital calls, distributions, and financial reports.

o Maintain investor KYC/AML documentation in compliance with regulatory standards.

 Banking & Cash Management
o Monitor and manage fund bank accounts, ensuring liquidity for investment and operational needs.
o Process payments for fund expenses, service providers, and investment- related transactions.
o Optimize cash management strategies, including dual currency investments and money market fund allocations.

 Fee Management & Cost Control
o Oversee fund expenses, including management fees, legal fees, and administrative costs.
o Ensure proper accounting treatment for GP management fees and fund expenses.

Key Skills & Competencies
 Fund Accounting & Financial Reporting – Strong knowledge of fund structures, NAV calculations, and financial statement preparation.
 Regulatory & Tax Compliance – Familiarity with LBATA, LFSA, and other relevant regulations.
 Investor Relations – Ability to communicate with LPs, address fund-related inquiries, and manage capital calls/distributions.
 Investment Execution & Monitoring – Experience handling investment approvals, portfolio monitoring, and cash flow management.
 Audit & Tax Coordination – Working with auditors and tax agents to ensure timely and accurate reporting.
 Fund Operations & Administration – Managing payments, bank accounts, regulatory filings, and fund documentation.

Job Types: Full-time, Permanent

Pay: RM4,000.00 - RM8,000.00 per month

Benefits:

• Health insurance
• Maternity leave
• Opportunities for promotion
• Parental leave
• Professional development

Experience:

• Fund Accounting: 5 years (Required)

Language:

• English (Required)

License/Certification:

• ACCA or accounting degree (Preferred)

Work Location: In person