Description

Fund Accountant
Location: Bangalore/Mumbai
Shift Timings: US shift (Night shift)
Work Mode: Hybrid

The 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

Roles & 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

You’re Profile:

- Preferred Masters in Finance & Accounting or Chartered Accountant
- 3-6yrs experience in Financial Services / Capital Markets Industry with min 2+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

Responsibilities

- Manage and supervise a team of fund accountants, providing guidance and support.
- Prepare and review financial statements, ensuring compliance with accounting standards and regulations.
- Perform complex fund accounting tasks, including valuation, performance measurement, and investor reporting.
- Collaborate with investment managers and other stakeholders to understand fund requirements and provide accurate financial information.




- Implement and maintain robust internal controls and procedures to ensure data integrity and security.
- Conduct periodic reviews and audits of fund accounting processes to identify and address any potential issues.
- Stay updated with industry trends and best practices in fund accounting, suggesting improvements and enhancements.
- Liaise with external auditors and provide necessary documentation and support during audit processes.
- Assist in the preparation of regulatory filings and ensure timely submission of required reports.

Qualifications

- A bachelor's degree in accounting, finance, or a related field is required, with a preference for a master's degree or professional certification (e.g., CPA, CFA).
- 5-8 years of relevant experience in fund accounting, with a strong focus on private equity.
- Demonstrated expertise in complex fund structures and an understanding of alternative investment vehicles.
- Proficiency in accounting software and systems, with the ability to adapt to new technologies.
- Excellent analytical and problem-solving skills, with a keen eye for detail.
- Strong leadership and communication skills, with the ability to collaborate effectively with cross-functional teams.
- Ability to work independently, manage multiple priorities, and meet tight deadlines.
- A results-driven and proactive approach to work, with a commitment to continuous learning and improvement.
- Knowledge of regulatory requirements and industry standards is highly desirable.
- Prior experience in a similar role within a professional services firm or financial institution is an advantage.

📌 Fund Accountant (Bengaluru)
🏢 CSC
📍 Bengaluru