Cash Reconciliation Associate

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

📋 Description

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

• Investigate, analyze, and resolve 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 expenses.

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

• Collaborate with internal and external stakeholders to address outstanding cash discrepancies.

• Assist with quarter-end and year-end closing processes by confirming that all cash activities have been accurately reconciled.

• Support external audits by providing reconciliation assistance, documentation, and responding to auditor inquiries.

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

• Evaluate existing processes and consider whether AI and automation could optimize them.

⛳️ Requirements

• 2–5 years of experience in fund accounting.

• Fundamental understanding of accounting principles, including debits, credits, and double-entry bookkeeping.

• Strong attention to detail and the ability to accurately handle financial data.

• Excellent organizational skills with the capacity to manage multiple tasks and deadlines.

• Strong written and verbal communication skills in English.

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

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

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

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

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

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

• An instinct to question current processes and leverage AI and automation to create better solutions.

🏝️ Benefits

• Competitive compensation tailored for the Philippines market.

• Fully remote work setup.

• Comprehensive training and continuous professional development.

• Opportunity to gain expertise in US investment fund accounting.

• Supportive team environment with clear processes and documentation.

• Opportunities for growth as FAST and the broader operations team expand.

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