Job Description

Job Description – Head of Fund Accounting

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Position

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Head – Fund Accounting

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Experience

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15+ years of relevant experience in fund accounting, preferably within Alternative Investment Funds, Asset Management, Fund Administration, or Financial Services.

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Qualification

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Chartered Accountant (CA) – mandatory.

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Role Overview

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We are seeking an experienced Head of Fund Accounting to lead the fund accounting and financial reporting function for an alternative investment platform managing Category II and Category III AIFs . The role will be responsible for ensuring accurate and timely fund accounting, NAV computation, financial reporting, regulatory compliance, and coordination with fund administrators, auditors, trustees, custodians, investors, and other stakeholders.

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The ideal candidate should have robust hands-on expertise in alternative fund accounting , with a deep understanding of Cat II and Cat III fund structures, fund-level accounting, portfolio valuation, NAV, investor accounting, and financial reporting .

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Key Responsibilities

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Fund Accounting & NAV

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- Lead end-to-end fund accounting operations for Category II and Category III Alternative Investment Funds .
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- Oversee accurate and timely NAV computation, capital accounting, investor allocations, and fund-level financial statements .
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- Review accounting of investments, income, expenses, management fees, carried interest, performance fees, and other fund-level transactions.
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- Ensure appropriate accounting treatment for various asset classes and complex investment structures.
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- Establish robust controls and review mechanisms around fund accounting and NAV processes.
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Financial Reporting & Compliance

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- Oversee preparation and review of periodic financial statements, MIS, fund reports, and investor reporting.
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- Ensure compliance with applicable SEBI AIF regulations, accounting standards, taxation requirements, and other regulatory requirements .
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- Coordinate with statutory auditors, tax advisors, fund administrators, trustees, custodians, and regulatory stakeholders.
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- Drive timely completion of audits and ensure closure of audit observations.
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Investor & Portfolio Accounting

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- Oversee investor capital calls, distributions, subscriptions, redemptions, transfers, and investor-wise accounting.
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- Ensure accurate allocation of fund income, expenses, gains/losses, and other transactions among investors.
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- Review portfolio valuation and ensure appropriate accounting treatment for investments and valuation adjustments.
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- Support investor reporting and respond to accounting-related investor queries.
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Fund Administration & Stakeholder Management

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- Manage and review the performance of third-party fund administrators/service providers , where applicable.
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- Establish SLAs, review processes, reconciliation frameworks, and quality controls with external administrators.
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- Coordinate closely with investment, operations, treasury, tax, legal, compliance, and investor relations teams.
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- Act as the key finance and accounting point of contact for fund-related matters.
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Process, Controls & Team Leadership

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- Build and strengthen the fund accounting function, processes, systems, and internal controls.
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- Lead, mentor, and develop the fund accounting team.
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- Identify opportunities for automation and process improvement across accounting, reconciliation, reporting, and NAV processes.
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- Ensure strong governance, documentation, maker-checker controls, and operational risk management.
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Key Requirements

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- CA qualification is mandatory.
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- 15+ years of overall experience , with substantial relevant experience in fund accounting.
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- Strong experience in Alternative Investment Funds , particularly Category II and Category III AIFs .
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- Deep understanding of fund accounting, NAV computation, investor accounting, portfolio valuation, and fund financial reporting .
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- Experience managing complex fund structures and investment accounting.
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- Strong understanding of SEBI AIF regulations and applicable accounting standards .
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- Experience in managing internal teams and/or external fund administrators.
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- Strong stakeholder management skills with the ability to work with auditors, trustees, custodians, administrators, investors, and senior management.
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- Strong analytical, review, control, and problem-solving capabilities.
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Preferred Background

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Candidates from AIFs, private equity funds, venture capital funds, asset management companies, fund administration firms, Big 4 advisory firms, or financial services organisations with significant alternative fund accounting exposure would be preferred.

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Key Competencies

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- Alternative Fund Accounting
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- Cat II & Cat III AIF Accounting
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- NAV Computation
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- Portfolio & Investment Accounting
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- Investor Accounting
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- Fund Financial Reporting
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- Valuation & Reconciliation
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- Regulatory & Statutory Compliance
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- Audit & Tax Coordination
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- Fund Administration
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- Process & Controls
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- Team Leadership
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- Stakeholder Management
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📌 Head Fund Accounting (Mumbai)
🏢 Intellectual Capital HR Consulting
📍 Mumbai