1. Role Overview for Executive Fund Accounts

The candidate will support the day-to-day fund accounting, investment accounting, investor accounting, reconciliations, fund operations, MIS and audit/tax-related activities of a SEBI-registered Category II AIF. The role will coordinate with the Investment Manager, Fund Administrator, Custodian, Banks, Auditors, Tax Consultants and other service providers.

2. Key Responsibilities

A. Fund Accounting & Bookkeeping

- Record capital contributions, capital calls, investments, follow-on investments, exits, distributions, expenses and other fund transactions.
- Account for management fees, fund expenses, skilled fees, bank charges and other operating expenses.
- Pass accounting entries for investments, income, expenses, accruals, receivables and payables, with proper supporting documentation.
- Assist in preparation of monthly, quarterly and annual financial statements.

B. Bank, Investment & Reconciliations

- Perform bank and investment reconciliations with statements received from banks, custodians and fund administrators.
- Maintain investment-wise records including cost, transaction details, portfolio company, holding and exit information.
- Track and follow up on outstanding reconciliation items and differences.

C. Investor Accounting & Fund Operations

- Maintain investor-wise capital contribution, capital call, outstanding commitment and distribution records.
- Assist in preparation of capital call statements, investor capital statements and related investor communications.
- Maintain trackers for key fund activities, cash flows,



investment payments and operational timelines.
- Coordinate with the Investment Manager, Fund Administrator / Registrar, Custodian and Banks for routine fund operations and documentation.

D. MIS & Management Reporting

- Prepare periodic fund-level MIS covering capital called / uncalled capital, investment cost and valuation, fund expenses, investor contributions and distributions.
- Support management and investor reporting with required data, schedules and analysis.

E. Audit, Tax & Regulatory Support

- Prepare accounting schedules and supporting documents for statutory audit and coordinate with auditors on information requirements.
- Assist tax consultants with tax computations, income-tax return workings and applicable AIF tax / investor reporting requirements.
- Support TDS, GST and other applicable compliances and maintain related records.
- Support applicable SEBI / AIF operational requirements from an accounting and documentation perspective.

3. Key Skills & Requirements

- B.Com / CA Inter / equivalent qualification with good understanding of accounting principles, journal entries and reconciliations.
- Strong working knowledge of MS Excel; experience with Tally / accounting or fund accounting software preferred.




- Good analytical and numerical skills with strong attention to detail and ability to handle transaction-level data accurately.
- Ability to independently maintain schedules, trackers and follow up on pending items.

4. Preferred Knowledge / Experience

- Exposure to AIF / Private Equity / Venture Capital / Mutual Fund / NBFC accounting or operations.
- Basic understanding of AIF structure, capital calls, distributions, investor capital accounts and investment accounting.
- Exposure to SEBI-regulated entities, TDS / GST / income-tax compliance and dealing with auditors / tax consultants.
- Understanding of investment valuation concepts will be an advantage.

5. Candidate Profile

- Detail-oriented, organised and comfortable handling accounting independently at the transaction level.
- Comfortable working on Excel and preparing financial schedules and MIS.
- Willing to take ownership of recurring accounting and fund operational activities.
- Able to coordinate effectively with internal and external stakeholders and meet deadlines.
- Interested in developing expertise in AIF / investment fund accounting and operations.

6. Key Performance Areas

- Accuracy and timeliness of accounting and investor records.
- Timely completion of bank / investment reconciliations and closure of outstanding items.
- Timely and accurate preparation of MIS, audit and tax schedules.
- Proper maintenance of fund documentation and operational records.
- Effective coordination with internal teams and external service providers.

📌 Fund Accountant (Mumbai)
🏢 Thrive Management Services
📍 Mumbai