Manager of Fund Accounting

Location: Mumbai
Department: Fund Services
Vacancy Type: Permanent

Work Mode: Hybrid

Work Shift: UK Shift

Position:

This position is for a member of the client facing fund services team catering to Global Hedge Fund, Private Equity & Debt Fund clients. The fund services team deals with complex fund structures along with multiple asset classes across jurisdictions with specialized accounting services.

Responsibilities:

- Knowledge of private equity/ debt fund structures designs & hierarchies, Special purpose vehicles, standalone funds, master-feeder funds and the role of each entity in the fund structure
- Knowledge on the role of Investors’ classes, GP class, carry class, Affiliated / Non-affiliated classes.
- Recording investors commitments and knowledge on accounting of initial/subsequent/late closings.
- Processing capital activities i.e. subscription, redemption, transfers, switches. Preparing call and distribution notices, wire details and related schedules. Processing and understanding the role of Master-feeder capital transactions
- Responsible for booking trading and non-trading transactions and finalizing books of accounts.
- Preparation of monthly/quarterly NAV workbooks and economic allocations, knowledge on PNL rebalancing and European & American waterfall methods
- Computation of management fees in various periods, preferred returns and carried interest computations
- Knowledge of various ratios viz. Internal rate of return, Time weighted return, Investment multiple
- Handling Investor reporting, Fund level reporting and ILPA reporting (optional)
- Interacting with clients on various accounting/operational issues
Knowledge of Operations and accounting of Bank debts, TRS, MBS, CLO instruments

As People Manager:





- Day to day supervision of direct reports in the team. Ensure that all operational and people management issues are dealt with in a timely manner.
- Strong communication and interpersonal skill.
- Ensure operational control, identify failures and provide solutions
- Grooming team members.
- Training on clients and processes and troubleshooting/problem solving and willing to work on multiple shifts.
- Assisting team members to meet their objectives; provide them with constructive & timely feedback.
- Playing an significant role in the appraisal process of goal setting, mid-year and year end performance appraisal for the team
- Timely escalation of issues to the senior management.
- Identifying training needs for the team members (Functional as well as Soft Skills)
- Ensuring that individual team members are aware of the policies, controls and procedures that apply to their role
- Ensuring that the team has appropriate backup in place to manage leaves
- Formulating the necessary controls in clients and processes to ensure productive and error free client deliverables
Always Willing to learn new process and take additional task / responsibility across the team

Profile Requirement:

- Preferred Masters in Finance & Accounting or Chartered Accountant
- 8-15yrs experience in Financial Services / Capital Markets Industry with min 5+yrs work experience in Private Equity / Financial Reporting
- Experience in working across country lines and operating in a global, multinational organization, ideally in a matrix structure
- Demonstrable accomplishments relating to organizational change activities in a fast-paced workplace
- Willing to work in fast paced dynamic industry
- Positive attitude, team player, pro-active and ready to accept challenges
- Excellent verbal and written communication skills

📌 AVP (India)
🏢 CSC (Corporation Service
📍 India