Assistant Vice President - Fund Accounting Oversight - Private Assets

NACBA; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

M&G India is seeking an Assistant Vice President - Fund Accounting Oversight Specialist for Private Assets based in Mumbai. You will lead NAV oversight, financial reporting oversight, and collaborate with offshore teams to ensure BAU excellence across complex fund structures.

The role demands 10-15 years in financial services with at least 8 years in fund accounting oversight or fund financial reporting oversight, plus supervisory experience.

Qualifications

• 10–15 years of experience in financial services including fund accounting oversight.
• Minimum 8 years in supervisory or managerial roles within fund accounting oversight or fund financial reporting oversight.
• Experience with UK, Ireland, Luxembourg regulatory environments and private assets.

Responsibilities

• Lead the oversight team with accountability for NAV oversight and fund financial reporting oversight.
• Collaborate with offshore partners and India-based colleagues to ensure BAU excellence.
• Deliver BAU oversight across complex financial reporting, fund accounting and NAV oversight.
• Act as SME for fund accounting oversight including Financial Reporting and Costs & Charges.
• Oversee error and risk validation, analyze control failures, and support investigations.
• Drive continuous improvement across processes, controls and oversight.
• Manage internal and external stakeholder queries.
• Build and maintain relationships with TPAs, auditors and internal partners.
• Shape and maintain the control governance framework.

Skills

Fund accounting

NAV reporting

Financial reporting

Regulatory knowledge

TPA oversight

Risk & controls

Stakeholder mgmt

Analytical thinking

Communication

Autonomy

Education

Graduate/Postgraduate in Commerce, Accounting, or Finance

CFA/CA/MBA Finance

Investment Management qualification desirable

Job description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long‑term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Assistant Vice President - Fund Accounting Oversight Specialist - Private Assets

Team: I nvestment Accounting Services

Job Location: Mumbai

Shift: UK hours

Key Responsibilities/ Accountabilities:

• Lead the oversight team with accountability for NAV oversight and fund financial reporting oversight.
• Maintain close collaboration and integration with offshore partners, including India based colleagues.
• Deliver BAU oversight across complex technical areas within financial reporting, fund accounting and NAV oversight.
• Act as SME for fund accounting oversight, including Financial Reporting and Costs & Charges.
• Oversee error and risk validation, analyse control failures, direct remediation activity and support Risk and Compliance investigations.
• Drive continuous improvement across processes, controls and oversight.
• Manage internal and external stakeholder queries.
• Build and maintain relationships with TPAs, auditors and key internal partners.
• Shape and maintain the control governance framework.

Skills:

• Strong technical expertise in fund accounting, NAV components, pricing, and financial reporting, with knowledge of accounting standards and regulations across key jurisdictions (UK, Ireland, Luxembourg).
• Deep understanding of fund structures and private market asset classes (e.g., LP/GP, ICAV, RAIF; private debt, real estate, alternative credit) including complex valuation methodologies.
• Strong risk, controls, and governance mindset, with the ability to challenge constructively, assess complex issues, and make clear, well‑informed decisions.
• Proven experience operating within an outsourced/TPA model, with effective oversight, review, and stakeholder engagement capabilities.
• Excellent analytical and problem‑solving skills, with ability to investigate issues, cut through complexity, and drive timely resolution.
• Strong communication and stakeholder management skills, able to influence TPAs, auditors, and internal teams across technical and non‑technical contexts.
• Ability to work with autonomy, accountability, and sound judgement, contributing to team delivery and broader business outcomes.

Experience:

• 10-15 years of experience in financial services. Min 10 years of experience in Fund accounting oversight or fund financial reporting oversight with at least 8 years in a supervisory or managerial role.

Educational Qualification:

• Graduate/Postgraduate in Commerce, Accounting, or Finance. Professional certifications (e.g., CFA, CA, MBA Finance) are a plus.
• Relevant IOC or Investment Management qualification / Certification would be desirable.

M&G Behaviours relevant to all roles:

• Tell it like it is: Respectfully speaking up to create better ways forward - both direct and empathetic
• Own it now: Putting your name on things with confidence to drive progress and results quickly
• Move it Forward Together: Forming cross‑functional teams to seize the right opportunities and solve real problems.

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.