Fund Accounting - Mumbai

Director of Fund Accounting

Location: Mumbai

Department: Fund Services
Vacancy Type: Permanent

Work Mode: Hybrid

The position:

The main objective of the individual is to work closely with the Funds group to support and deliver. The role requires strong Excel, communication skills. The successful candidate will be expected to work on various complex tools and coordinate with our global counterparts/Banks/Brokers to record activities and ensure accuracy

Roles & 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

You’re Profile:

• Preferred Masters in Finance & Accounting or Chartered Accountant
• 12-18 years experience in Financial Services / Capital Markets Industry with min 6+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