Cash Reconciliation Associate (Philippines)

Overview

The organization is seeking a detail-oriented Cash Reconciliation Associate to join the Fund Accounting Service Team (FAST). This role is well-suited for an early-career accounting professional interested in building experience in investment fund accounting and financial operations.

This position performs daily cash reconciliations across closed-end funds and their management companies, ensuring cash activity is complete and accurate by reconciling bank accounts, administrator records, and accounting systems while investigating and resolving discrepancies in a timely manner.

Responsibilities

• Perform daily cash reconciliations between bank accounts, accounting systems, and internal records across multiple funds and legal entities.
• Investigate, research, and resolve cash breaks and reconciliation exceptions within established service level agreements.
• Monitor daily cash movements, including capital calls, distributions, management fees, carried interest, investment funding, and operating expenses.
• Record and validate cash transactions within the fund accounting platform while ensuring accurate general ledger postings.
• Coordinate with internal and external stakeholders to resolve outstanding cash discrepancies.
• Support quarter-end and year-end close processes by ensuring all cash activity has been accurately reconciled.
• Assist with external audits by providing reconciliation support, documentation, and responding to auditor requests.
• Identify opportunities to improve reconciliation processes through automation, standardization, and enhanced operational controls.
• Review existing processes and assess whether AI and automation could improve them.

Requirements

• 2–5 years of experience in fund accounting.
• Basic understanding of accounting principles, including debits, credits, and double-entry bookkeeping.
• Strong attention to detail and ability to work with financial data accurately.
• Excellent organizational skills and ability to manage multiple tasks and deadlines.
• Strong written and verbal communication skills in English.
• Comfort learning and working with accounting software and financial systems.
• Reliable internet connection and ability to work remotely during required business hours.
• Proficiency with Google Workspace or Microsoft Office, especially Excel/Sheets (formulas, pivot tables, vlookups).

Preferred Qualifications

• Experience with accounting software, ERP systems, or fund administration platforms (a plus, not required).
• Background in fund accounting, investment accounting, or financial services (a plus, not required).
• Knowledge of partnership accounting or investment fund structures (a plus, not required).
• An instinct to question existing processes and use AI and automation to build better ones.

Compensation & Benefits

• Competitive compensation for the Philippines market.
• Fully remote work arrangement.
• Working hours: 6 am – 3 pm Philippines time (can be flexible).
• Comprehensive training and ongoing professional development.
• Opportunity to build expertise in US investment fund accounting.
• Supportive team environment with clear processes and documentation.
• Growth opportunities as FAST and the broader operations team scale.
• Stable, long-term employment with a growing fund administration business.

Location

• Full-time remote position based in the Philippines.
• Overlap with US business hours is required for team collaboration, period-end closes, and cross-functional coordination.