Cash Reconciliation Associate

This is a fully remote position, open to applicants in Philippines.

📋 Description

• Conduct daily cash reconciliations among bank accounts, accounting systems, and internal records across various funds and legal entities.

• Investigate, analyze, and address cash discrepancies and reconciliation exceptions in accordance with established service level agreements.

• Oversee daily cash transactions, including capital calls, distributions, management fees, carried interest, investment funding, and operational expenditures.

• Record and verify cash transactions within the fund accounting platform, ensuring precise general ledger entries.

• Collaborate with internal and external stakeholders to resolve unresolved cash discrepancies.

• Assist with quarter-end and year-end closing processes by ensuring all cash activities are accurately reconciled.

• Facilitate external audits by supplying reconciliation support, documentation, and addressing auditor inquiries.

• Identify opportunities for enhancing reconciliation processes through automation, standardization, and improved operational controls.

• Assess the potential of AI and automation to optimize existing processes.

• Report directly to a Fund Accounting Senior Associate within FAST.

⛳️ Requirements

• 2–5 years of experience in fund accounting.

• Basic knowledge of accounting principles, including debits, credits, and double-entry bookkeeping.

• Exceptional attention to detail and the ability to work with financial data accurately.

• Strong organizational skills and the capability to manage multiple tasks and deadlines effectively.

• Excellent written and verbal communication skills in English.

• Comfort with learning and utilizing accounting software and financial systems.

• Reliable internet connection and the ability to work remotely during designated business hours.

• Proficiency in Google Workspace or Microsoft Office, particularly Excel/Sheets (formulas, pivot tables, vlookups).

• Experience with accounting software, ERP systems, or fund administration platforms is a plus, but not mandatory.

• Background in fund accounting, investment accounting, or financial services is a plus, but not mandatory.

• Knowledge of partnership accounting or investment fund structures is a plus, but not mandatory.

• Willingness and ability to question existing processes and leverage AI and automation to create improved methods.

🏝️ Benefits

• Competitive compensation for the Philippines market.

• Fully remote work arrangement.

• Flexible working hours (6 am–3 pm Philippines time).

• Comprehensive training and ongoing professional development.

• Opportunity to develop expertise in US investment fund accounting.

• Supportive team environment with well-defined processes and documentation.

• Growth opportunities as FAST and the broader operations team expand.

• Stable, long-term employment with a growing fund administration business.