Associate - Fund Accountant

About the role

PwC is hiring an Associate Fund Accountant in Kuala Lumpur within its tax services line of service. The Associate works in a team of problem solvers, supporting the day-to-day accounting and fund administration of closed-ended and evergreen alternative investment funds (private equity, venture capital, real estate, fund-of-funds and family offices), including onboarding new clients and setting up fund structures.

Key responsibilities

• Onboard new clients and set up new funds and fund structures in the accounting system in line with governing documents such as PPM and LPA.
• Provide quality accounting, bookkeeping and fund administration for the Funds, including NAV reporting packs (trial balances, general ledgers, cash and portfolio reconciliations, expense accruals, performance fee and clawback calculations, dividend and interest accruals, partner capital statements and management accounts).
• Process invoices and client payments and receipts, and draft financial statements and IFRS disclosures.
• Facilitate annual audits and liaise with auditors, and assist senior fund accountants with daily fund operations.
• Maintain the shareholder register and process capital calls, distributions, redemptions, conversions and share transfers, coordinating documentation for AML compliance with the AML analyst.
• Manage commitment agreements and subscription forms, monitoring commitments, drawdowns and uncalled commitments.

Required profile

• Bachelor's and/or master's degree in accounting or economics.
• 1 to 2 years of relevant experience in alternative investment fund administration or a Big 4 audit firm.
• Knowledge of the asset, wealth and management fund industry, including valuation and accounting and payment procedures.
• Accounting knowledge of IFRS; fund accounting experience (fund-of-funds, single-manager, VC, real estate, private equity) is an asset.
• Strong English verbal and written communication; Mandarin is an advantage.

Required skills

• Advanced Microsoft Excel and proficient MS Word and PowerPoint.
• Experience with Allvue, Investran or eFront is a plus.
• Ability to handle multiple engagements under tight deadlines, with attention to detail and strong teamwork.