Associate level 2

CO_AFATI Apex Fund Services LLP; Bengaluru Urban; On-site; INR 1,000,000 - 2,000,000; Full time

Job summary

CO_AFATI Apex Fund Services LLP seeks a seasoned accounting professional to act as SME for private equity fund structures, investor economics, and waterfalls. You will guide complex accounting treatments and support AVP/VP in interpreting governing documents.

Responsibilities include reviewing journal entries, validating capital activity, and ensuring audit readiness under US GAAP/IFRS. Experience with Investran, eFront, Allvue and strong Excel skills are essential.

Qualifications

• Bachelor's or master's in accounting/finance; CPA/ACA preferred.
• 3+ years in private equity fund accounting or alternatives.
• Strong knowledge of US GAAP/IFRS, ASC 946/820, waterfall mechanics, and investor economics.
• Proficiency in PE accounting platforms (Investran, eFront, Allvue) and Excel.
• Excellent analytical and problem-solving skills.

Responsibilities

• Subject Matter Expertise & Product Knowledge Act as an SME for fund structures, investor economics, waterfalls, and carried interest calculations.
• Provide guidance on complex accounting treatments (equalizations, FX remeasurement, side letter economics).
• Support AVP/VP in interpretation of fund governing documents and application of accounting policies.
• Review & Quality Assurance Review journal entries, reconciliations, and financial statements prepared by analysts.
• Validate capital activity (calls, distributions, true-ups) and ensure compliance with fund terms.
• Perform variance analysis and resolve discrepancies before reporting deadlines.
• Ensure audit readiness by maintaining proper documentation and control adherence.
• Accounting & Reporting Prepare and review quarterly and annual financial statements under US GAAP/IFRS.
• Assist in valuation processes and ensure accurate application of fair value principles.
• Support regulatory reporting (Form PF, Annex IV) and investor tax pack preparation.
• Process Improvement & Automation Identify opportunities to streamline workflows and reduce manual touchpoints.
• Collaborate on system enhancements (Investran, eFront, Allvue) and automation initiatives.
• Mentorship & Knowledge Sharing Coach junior accountants on technical accounting concepts and system usage.
• Conduct training sessions on fund structures, waterfall mechanics, and reporting standards.
• KPIs: Accuracy, Timeliness, SME Impact, Process Efficiency.

Skills

US GAAP/IFRS

Waterfall mechanics

Investor economics

Analytical skills

Education

Bachelor's in accounting/finance

CPA/ACA preferred

Tools

Investran

eFront

Allvue

Excel

Job description

Core Responsibilities

• Subject Matter Expertise & Product Knowledge Act as an SME for fund structures, investor economics, waterfalls, and carried interest calculations.


• Provide guidance on complex accounting treatments (equalizations, FX remeasurement, side letter economics).


• Support AVP/VP in interpretation of fund governing documents and application of accounting policies.


• Review & Quality Assurance Review journal entries, reconciliations, and financial statements prepared by analysts.


• Validate capital activity (calls, distributions, true-ups) and ensure compliance with fund terms.


• Perform variance analysis and resolve discrepancies before reporting deadlines.


• Ensure audit readiness by maintaining proper documentation and control adherence.


• Accounting & Reporting Prepare and review quarterly and annual financial statements under US GAAP/IFRS.


• Assist in valuation processes and ensure accurate application of fair value principles.


• Support regulatory reporting (Form PF, Annex IV) and investor tax pack preparation.


• Process Improvement & Automation Identify opportunities to streamline workflows and reduce manual touchpoints.


• Collaborate on system enhancements (Investran, eFront, Allvue) and automation initiatives.


• Mentorship & Knowledge Sharing Coach junior accountants on technical accounting concepts and system usage.


• Conduct training sessions on fund structures, waterfall mechanics, and reporting standards.


• Key Performance Indicators (KPIs) Accuracy: Zero material errors in reviewed deliverables.


• Timeliness: On-time completion of reviews and reporting cycles.


• SME Impact: Resolution of complex queries and successful knowledge transfer.


• Process Efficiency: Reduction in review turnaround time and manual adjustments.

Qualifications & Experience

• Bachelor's/master's in accounting/finance; CPA/ACA preferred.


• 3+ years in private equity fund accounting or alternatives.


• Strong knowledge of US GAAP/IFRS, ASC 946/820, waterfall mechanics, and investor economics.


• Proficiency in PE accounting platforms (Investran, eFront, Allvue) and Excel.


• Excellent analytical and problem-solving skills.

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. We're a people-powered business, and our people are full of ambition. Together, we're inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you'll experience more here than you would at most other companies. Prepare to accelerate. We're a people-powered business with a vision to inspire a new era of service-led FinTech. We're expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We'll make sure the time and effort you put in takes you further, faster. Positive change starts with you. We're a people-powered business with a vision to inspire a new era of service-led FinTech. We're expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We'll make sure the time and effort you put in takes you further, faster. The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We'll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.

Find out more about us