Associate - Fund Accounting

Iqeq; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Benefits offered by this job

Total rewards package

Health insurance

Transport/shift allowance

Paid time off

Job summary

IQ-EQ Mumbai is seeking an accounting professional to deliver timely NAV calculations, financial statements, journal entries, and client reporting for private equity and fund clients, ensuring compliance with IQ-EQ policies.

You will support capital calls and distributions, onboarding, system migrations to Investran and Paxus, and perform self-reviews while collaborating with teams and guiding junior staff. 2+ years of accounting experience and strong IndAS/IFRS knowledge are expected.

Qualifications

• 2+ years of accounting experience, preferably in fund accounting.
• Strong understanding of IndAS, IFRS, and GAAP (US, UK, Luxembourg).
• Experience preparing financial statements, working papers, and disclosures in compliance with laws.
• Operational experience in fund accounting; proficiency with Investran and Paxus.

Responsibilities

• Prepare NAV calculations, financial statements, journal entries, investor notices, and client reporting.
• Manage capital call and distribution calculations and investor communications.
• Support fund onboarding and system migrations to Investran and Paxus.
• Perform self-reviews, handle ad hoc tasks, and assist with various reporting deliverables.

Skills

Accounting

Financial reporting

NAV calculations

IFRS knowledge

IndAS knowledge

Excel skills

Education

Bachelor's degree in Accounting or related field

Tools

Investran

Paxus

Excel

Job description

his Role

This role provides timely and high-quality accounting, reporting, and administrative support to private equity and fund clients while ensuring compliance with IQ-EQ policies and procedures.

• Key responsibilities include preparing NAV calculations, financial statements, journal entries, investor notices, payment processing, and monthly, quarterly, and annual client reporting.
• The position also manages capital call and distribution calculations, prepares investor communications, and supports fund onboarding and system migrations to platforms such as Investran and Paxus.
• Additionally, the role requires performing self-reviews, handling low-complexity ad hoc tasks, and assisting with various reporting deliverables, including management accounts, working papers, partner statements, and other client requirements.

What you'll do

• You'll prepare and review financial statements, disclosures, NAV reports, and other fund or corporate client deliverables, ensuring accuracy, quality, and on-time completion.
• You'll develop a strong understanding of client agreements, Scope of Work (SOW), SLAs, reporting platforms, and accounting systems to deliver consistent, high-quality results and address client, cluster, and investor queries promptly.
• You'll ensure compliance with SSAE requirements, procedures, and checklists, identify and elevate risks, errors, breaches, or operational issues, and support corrective actions when needed.
• You'll manage workflows by maintaining accurate timesheets, monitoring deliverables through workflow planners, tracking requirements, addressing review comments, and escalating concerns in a timely manner.
• You'll collaborate across teams, support business needs by acting as a backup for Senior Accountants or Assistant Managers, guide junior team members, and proactively pursue training and professional development opportunities.

What we offer

• Competitive Total Rewards Package: Comprehensive annual compensation including basic salary, HRA, special allowance, provident fund contributions, gratuity, internet allowance, and food allowance.
• Health & Insurance Coverage: Medical insurance, group term life insurance, and group personal accident insurance for financial security and peace of mind.
• Allowances & Support: Transportation or transportation allowance and shift allowance to support work flexibility and commuting needs.
• Paid Time Off: Generous paid leave to support work-life balance.

About you

• You hold a degree in Accounting or a business-related field, with 2+ years of relevant accounting experience and a strong understanding of IndAS, IFRS, and GAAP (US, UK, and Luxembourg).
• You have experience preparing financial statements, disclosures, working paper files, and other financial information in compliance with applicable laws and regulations.
• You possess operational experience in fund accounting services, preferably within private equity, and are proficient in using accounting software such as Investran and Paxus.
• You demonstrate intermediate Excel skills, including pivot tables, VLOOKUP/XLOOKUP, IF functions, and other similar data analysis tools.
• You are fluent in English and an additional foreign language, with effective written and verbal communication skills and proficiency in Microsoft Office, email, word processing, and video conferencing applications.

OUR COMMITMENT TO YOU AND THE ENVIRONMENT

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders - including our employees, clients, and local communities - while also reducing our impact on our natural environment.

There is always more we can, and should do, to improve - whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We're committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees' careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential. Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We're committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients' sustainability and success lead to our sustainability and success. We're emotionally invested in our clients right from the beginning.