Fund Accounting - Mumbai

Senior Associate

Function: Fund Services 

Job Type: Permanent 

Location: Mumbai

Shift: UK Shift 

Work Mode: Hybrid

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. 

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 

Profile Requirement: 

• Preferred CA/CPA/CFA, Masters in Finance & Accounting.  


• 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 environment. 


• Willing to work in global shifts. 


• Excellent verbal and written communication in English & Strong problem-solving skills.