Manager of Fund Accounting

Manager of Fund Accounting

Location: Mumbai
Department: Fund Services
Vacancy Type: Permanent

Work Mode: Hybrid

Work Shift: UK Shift

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 

As People Manager: 

• Day to day supervision of direct reports in the team. Ensure that all operational and people management issues are dealt with in a timely manner. 
• Strong communication and interpersonal skill. 
• Ensure operational control, identify failures and provide solutions 
• Grooming team members. 
• Training on clients and processes and troubleshooting/problem solving and willing to work on multiple shifts. 
• Assisting team members to meet their objectives; provide them with constructive & timely feedback. 
• Playing an important role in the appraisal process of goal setting, mid-year and year end performance appraisal for the team 
• Timely escalation of issues to the senior management. 
• Identifying training needs for the team members (Functional as well as Soft Skills) 
• Ensuring that individual team members are aware of the policies, controls and procedures that apply to their role 
• Ensuring that the team has appropriate backup in place to manage leaves 
• Formulating the necessary controls in clients and processes to ensure efficient and error free client deliverables 
• Always Willing to learn new process and take additional task / responsibility across the team 

Profile Requirement: 

• Preferred Masters in Finance & Accounting or Chartered Accountant 
• 8-15yrs experience in Financial Services / Capital Markets Industry with min 5+yrs work experience in Private Equity / Financial Reporting 
• 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 fast paced dynamic industry 
• Positive attitude, team player, pro-active and ready to accept challenges 
• Excellent verbal and written communication skills