Assistant Vice President - Fund Accounting

Waystone leads the way in specialist services for the asset management industry.Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary: Reporting to the Vice President - Fund Accounting, the Assistant Vice President Fund Accounting will be an integral part of the team’s success.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The roles consist of managing a small number of client relationships, ensuring superior client service and the delivery of accurate information in a timely fashion. The Assistant Vice President - Fund Accounting will have responsibility for their clients’ portfolios from start to finish. This will include (but is not limited to) the following:

•        Assist in the management of a team of Associates and Senior Associates.

•        Provide recommendation or input and capture observations to ensure holistic performance evaluation of assigned team members.

•        Conduct, facilitate, delegate and monitor the training of team members including the use of relevant accounting software and applications.

•        Assist with the recruitment and onboarding of team members.

•        Review client deliverables of team members in accordance with agreed timelines.

•        Review and/or calculation of Net Asset Values in line with clients’ requirements.

•        Assist with processing trades, cash, income and expenses on a daily basis.

•        Review Daily Cash & Position reconciliations.

•        Preparation and/or review of financial statements, supporting information and tax schedules in relation with the year-end audit.

•        Preparation and/or review of expense payments

•        Serves as point-of-contact for multiple clients (internal and external) at a daily operational level.

•        Liaise with internal stakeholders, investment managers, brokers & custodians where issues arise with regards to day-to-day running of the fund.

•        Complete any other additional ad hoc tasks or deliverables that may be assigned as needed or due to business demand.

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Experience:

•        Overall 5 years of experience in Accounting field

•        Minimum 3 years of Fund Accounting experience is required (ex. Hedge funds, private equity)

•        Financial Reporting experience an advantage

•        Prior managerial or supervisory experience an advantage

•        Experience in navigating fund accounting systems (ex. Invest One, eFront, Investran is an advantage)

Education:

•        A university degree (B.A./ B.Sc./ M.B.A.) in Business (preferably specializing in accountancy or another financial-related discipline).

•        Professional certification as CPA or other international accounting certifications is an advantage