ey Responsibilities

1.

Private Equity Fund

Accounting

- Oversee end-to-end fund accounting activities for Private Equity funds and related entities.

- Review and manage accounting for funds, SPVs, feeder funds, blocker entities, co-investment vehicles and management entities.

- Review and approve fund books and accounting records maintained under applicable accounting standards.

- Ensure accurate recording of investment transactions, capital activity, expenses, income and distributions.

- Review General Ledger, Trial Balance, Balance Sheet, P&L; and cash activity.

- Perform review and validation of accounting entries, accruals, prepayments, reclassifications and journal postings.

2. NAV &

- Financial Reporting

- Lead the preparation and review of NAV packages and periodic financial reporting.

- Review NAV calculations, investment valuations, capital accounts and fund-level allocations.

- Review financial statements and supporting schedules for quarterly and annual reporting.

- Coordinate with auditors during quarterly/year-end audits and address audit queries.

- Ensure timely completion of month-end, quarter-end and year-end close activities.

- Perform detailed review of Balance Sheet and P&L; movements, including variance analysis.

3.

Investment

Accounting &

- Valuation

- Review accounting for private equity investments, acquisitions, disposals, transfers and realizations.

- Review investment valuation calculations and supporting documentation.

- Ensure appropriate accounting treatment for unrealized and realized gains/losses.

- Review valuation adjustments, fair-value movements and investment-level reconciliations.

- Coordinate with valuation, investment and client teams for resolution of complex accounting issues.

4.

Capital

Activity

- Oversee processing and review of:

- Capital calls

- Investor contributions

- Distributions

- Return of capital

- Recallable distributions

- Transfer activity

- Investor allocations

- Review partner capital accounts and ensure accurate allocation of fund activity among investors.

- Review capital call and distribution notices and supporting calculations.

5. Partnership &





- Allocation Accounting

- Solid understanding of Private Equity partnership accounting and waterfall structures.

- Review allocation of income, expenses, gains and losses across LPs/GPs.

- Review management fees, carried interest, incentive allocations and performance-related calculations.

- Understand and review complex partnership agreements and accounting implications.

- Identify accounting issues arising from fund-specific terms and investment structures.

6. Reconciliations &

- Controls

- Review bank, investment, broker and intercompany reconciliations.

- Ensure timely investigation and resolution of cash and accounting breaks.

- Establish and maintain appropriate accounting controls and review procedures.

- Perform root-cause analysis for recurring accounting exceptions.

- Ensure compliance with internal quality and control standards.

7. Client &

- Stakeholder Management

- Act as a senior point of contact for clients, investment teams, auditors and internal stakeholders.

- Lead discussions on accounting issues, NAV queries, financial reporting and complex transactions.

- Manage client escalations and ensure timely resolution.

- Participate in client calls and periodic service reviews.

- Build strong relationships with senior client stakeholders.

8. Team Management &

- Leadership

- Lead and mentor a team of fund accountants and senior fund accountants.

- Review team performance, productivity and quality metrics.

- Allocate work and manage deliverables based on business priorities.

- Conduct technical reviews and provide guidance on complex accounting matters.

- Identify training requirements and develop team capabilities.

- Drive process improvements, standardization and automation initiatives.

9.

Process





Improvement &

- Automation

- Identify opportunities to improve fund accounting processes through automation, workflow optimization and technology.

- Drive standardization of accounting and reporting processes across funds.

- Participate in implementation and migration of fund accounting platforms.

- Develop and improve SOPs, review checklists and control frameworks.

- Support transition and onboarding of new funds and clients.

Required Skills &

- Experience

- Chartered Accountant (CA) – mandatory.

- 8+ years of relevant experience, preferably in Private Equity Fund Accounting / Fund Administration / Alternative Investments.

- Strong knowledge of Private Equity fund accounting and partnership accounting.

- Hands-on experience with NAV preparation and review.

- Strong understanding of capital calls, distributions, investor allocations and partner capital accounts.

- Experience with investment accounting and private market valuations.

- Strong knowledge of financial statements, GL, trial balance, reconciliations and month/quarter/year-end close.

- Experience managing audit processes and responding to auditor queries.

- Strong understanding of US GAAP / IFRS; exposure to both is preferred.

- Experience handling complex fund structures and SPVs.

- Strong analytical and problem-solving skills.

- Excellent communication and stakeholder-management skills.

- Demonstrated experience in team management and delivery ownership.

Preferred Experience

- Experience supporting US Private Equity funds.

- Exposure to European or Asian Private Equity funds is an advantage.

- Experience with fund accounting platforms such as Investran, eFront, Allvue, Geneva, Yardi or similar platforms.

- Exposure to waterfall calculations and carried interest accounting.

- Experience with fund administration transitions, migrations or new client implementations.

- Knowledge of ASC 820 / fair value accounting.

- Exposure to financial statement preparation and audit support.

- Experience in managing offshore/onshore fund accounting teams.

📌 Process Lead - Ares CA Fund Accounting (Bengaluru)
🏢 ThoughtFocus
📍 Bengaluru