Assistant Manager | Tax – Business Process Solution | Fund Accounting
Location: Mumbai
The team
Business Process Solutions helps businesses manage their essential operational finance, HR, payroll & industry processes by leveraging experienced professionals who provide advice and practical support through a mix of outsourcing, contract personnel, co-sourcing, and project-related services Learn more about our Tax Practice.
Your work profile
As an Assistant Manager in our BPS Tax team, you’ll build and nurture positive working relationships with teams and clients with the intention to exceed client expectations.
You will:
In depth understanding of the typical fund structures- debt, equity, hedge fund
Detail oriented approach to review the fund documents such as Private Placement Memorandum (PPM), Contribution Agreement (CA), Portfolio investee entities securities documents and derive relevant calculations typical to distribution and NAV
Overview and support on Capital Calls, corporate actions, expense and income accruals processing
Devise and design formula driven excel templates for distribution proceeds, fund level NAV and Investor level NAV
Preparing Investor Distribution proceeds statement based on waterfall as per PPM, allocation of fund and organization expenses
Computing management fees, carried interest, incentive fees, catch up
Preparing fund level NAV
Preparing Investor level NAV taking care of the waterfall and hurdle rate
Position reconciliation, equalization calculation
Preparing investor level reports as per client’s requirement
Overviewing client onboarding in the Accounting ERP
Reviewing accounting entries posted in fund accounting ERP- capital calls, distribution, expenses and valuation
Overviewing management of bank account including bank account reconciliation, uploading vendor and tax payments
Preparing financial statements as per IGAAP
In case of offshore funds preparing financial statements as per IFRS, US GAAP
Basic knowledge of fund taxation – w