Function: Fund Services 

Job Type: Permanent 

Location: Bangalore

Work Mode: Hybrid

Shift- UK shift

Job Title: Senior Fund Accountant – Hedge Fund & Private Equity Role

The Senior Fund Accountant will be responsible for end-to-end accounting, reporting, and investor servicing for Hedge Fund and Private Equity clients. The role involves reviewing NAV packs, managing capital activity, ensuring accuracy of financial statements, and acting as a key point of contact for internal teams, auditors, and clients. The ideal candidate will possess strong product knowledge, analytical skills, and prior experience in alternative investment fund accounting. 

Key Responsibilities Fund Accounting & NAV 

• End-to-end NAV calculation and review for Hedge Funds and Private Equity Funds 
• Review portfolio valuation, accruals, amortizations, and expense allocations 
• Reconciliation of cash, positions, and market values with brokers, custodians, and administrators 
• Ensure compliance with fund governing documents and accounting standards (US GAAP / IFRS) 
• Review management fee, incentive fee/carried interest, hurdle, and waterfall calculations 
• Process corporate actions, pricing updates, FX translations, and income allocations 
• Prepare and review financial statements, investor reports, and NAV packs 

• Support year-end audit process and respond to auditor queries Capital Activity Management (Private Equity) 

• Process and review capital calls, distributions, equalization, and commitment tracking 
• Maintain partner capital accounts and waterfall models 

• Monitor unfunded commitments and capital activity schedules Client & Stakeholder Management 

• Act as primary contact for clients on accounting & reporting deliverables 
• Coordinate with operations, investor services, tax, and valuation teams 
• Identify process improvement opportunities and support system migrations/automation 

Controls & Quality 

• Ensure strong control framework and documentation standards 
• Perform review of junior team members’ work 
• Adhere to SLA/TAT and minimize operational risk and breaks 

Required Qualifications & Experience 

• Bachelor’s or Master’s degree in Accounting/Finance/Commerce 
• Professional qualifications preferred: CA/CPA/CFA/ACCA (or pursuing) 
• 6+ years of experience in Fund Accounting, preferably in Hedge Funds and/or Private Equity 
• Strong understanding of: 

o    NAV calculation o       Capital accounts & waterfalls o       Partnership accounting 

• Experience working with fund administrators or asset management firms 
• Hands-on experience with fund accounting systems Geneva 
• Advanced Excel skills 
• Familiarity with Bloomberg/Reuters pricing feeds is preferred 
• Strong analytical and problem-solving ability 
• Excellent communication and stakeholder management skills 
• Ability to work independently and lead small teams 
• Strong attention to detail and quality mindset 
• Ability to manage multiple deadlines in a fast-paced environment 

Key Advantages (Good to Have) 

• Knowledge of derivatives, complex instruments, and side pockets (Hedge Funds) 

• Experience in closed-ended structures, SPVs, and co-investments (Private Equity) 
• Exposure to US, EU, or APAC fund structures and regulatory regimes