Job Description
Company Description
ABOUT IQ-EQ
We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion . We work with 13 of the world’s top-15 private equity firms.
Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.
Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding.
We’re driven by our Group purpose, to power people and possibilities.
Job Description
Job Description
To provide and ensure the timely and high-quality service and deliverables to the cluster clients for funds and/or corporate clients allocated to you on a regular basis.
- Concentrates on creating collaborative relationships and delivering consistent results by planning and prioritizing to meet work commitments. Expected to perform review of core processes, complex ad hoc work and all other client requirements. Provides consistent feedback on accuracy and timeliness of outputs made by the Accountants and Jr. Accountants.
- Responsible in assisting in the review and/or preparation and completion of NAV and Financials of the private equity funds that include recording journal entries, preparing monthly/quarterly/annual financials, processing payments, preparing investor notices and various client reporting.
- Responsible in assisting in the review and/or preparation and completion of capital call and distribution workings along with notices and release to respective investors.
Core Responsibilities
- Responsible for the review of Financial Statements with Disclosures, NAV reporting and other ad-hoc service requests for funds and/or corporate clients.
- Responsible for the preparation of complex reporting requirements, when necessary.
- Manages and ensures the timely and accurate deliverables of Accountants and Junior Accountants.
- Acquire knowledge and to become SME’s of designated clients’ requirements and deliverables.
- Ensures and champions compliance by following procedures and checklists following SSAE and other similar statutory requirements.
Tasks & Duties
Cluster Client Delivery
- Acquires and shares knowledge and understanding of the clients’ agreements, Scope of Work (SOW), SLA’s and other necessary information needed to review and/or prepare deliverables.
- To confirm the complete information, data and supporting documents are received for the review/preparation of the needed requirements.
- To escalate and to request from the cluster counterparts any missing information.
- Delivers consistent and quality information within the agreed timeframes.
- Coordinates with the cluster the deadlines (and any changes) of deliverables then plans and assigns the workload to the team.
Workflow Management
- Ensures timesheets are completed daily and accurately filed for all hours worked.
- Reviews and approves the timesheets of their team (Junior Accountants and Accountants) and ensures they are completed daily and accurately filed for all hours worked in a timely manner.
- Reviews and pre-approves filed overtime of their team (Junior Accountants and Accountants).
- Assigns, sets up, monitors, updates all deliverables via the workflow planner in a timely manner for the team.
Systems
- Understands and uses best practice on accounting platform/s.
- Understands and becomes knowledgeable on how to generate reports using reporting platform/s.
Risks
- Ensures relevant procedures, checklists and SSAE requirements are adhered to and completed to mitigate errors.
- Reports any breaches, complaints or errors to appropriate authorities in a timely manner.
- Prepares the error reports, identifies the areas of operational risk and participates in proposing appropriate remedial actions within 24 hours of identifying the error.
- Responsible for ensuring action items are addressed in a timely manner.
- Drafts error reports/compliance cases by collecting information on the root cause then proposes the corrective actions and preventive measures in a timely manner.
Other
- May undertake any additional tasks and/or responsibilities as part of their professional development which may or may not be related to their specific function.
- Escalates any other work-related issues and concerns to the appropriate authorities in a timely manner.
Key behaviours we expect to see
In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:
- Customer Focus - Building strong customer relationships and delivering customer-centric solutions.
- Interpersonal Savvy - Relating openly and comfortably with diverse groups of people.
- Plans & Aligns - Planning and prioritizing work to meet commitments aligned with organisational goals.
- Communicates Effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
- Manages Conflict - Handling conflict situations effectively, with a minimum of noise.
- Self-Development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.
- Organizational Savvy - Manoeuvring comfortably through complex policy, process and people-related organisational dynamics.
- Demonstrates Self-Awareness - Using a combination of feedback and reflection to gain productive insight into personal strengths and weaknesses.
- Action Oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
- Being Resilient - Rebounding from setbacks and adversity when facing difficult situations.
Qualifications
Experience Required for this Role
Essential
Education / professional qualifications
Graduate of accounting or any business-related course with 4+ years relevant accounting experience
At least one (1) year supervisory experience
Sound knowledge of IndAS, IFRS and GAAPs of different jurisdictions (US, UK, and Lux). Reviewing and/or preparation of Financial Statements using applicable laws and regulations.
Fluency in English and an additional foreign language.
Background experience
Experience with managing service operations and client deliverables
Experience in managing staff and/or conducting appraisals
Sound operational experience in fund accounting services is expected, preferably in handling private equity.
Technical
Actual work experience in the preparation and/or review of working paper files, financial statements with disclosures and other financial information
Computer / program knowledge
Intermediate Excel skills such as pivot tables, lookup, “if” and other similar functions
Experience in e-mail, word processing and video conferencing applications such as Microsoft Office
Effective written and advanced verbal communication skills
Experience in using accounting software (Investran software is desired)
Desired
- Completed Certified Public Accountant/ACCA qualification
- Experience working in Financial Services or Shared Services office environment.
- Experience working in a multinational office environment.
- Open to travel and other secondment opportunities abroad.
- University Degree in Accountancy and other accounting-related courses.
Additional Information
OUR COMMITMENT TO YOU AND THE ENVIRONMENT
Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.
There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.
Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential. Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.
We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning.
