Associate - Private Equity Fund Accounting

Apex Group; Pune District; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Apex Group in Pune is seeking an experienced fund accounting professional to handle private equity and hybrid funds, including journal entries, financials, investor notices and client reporting.

You will manage client relationships, coordinate with onshore teams and auditors, onboard new funds and develop custom Investran reports to meet client requirements. The role involves daily interaction with clients and timely delivery of financial statements.

Qualifications

• Strong understanding of accounting principles and financial statement preparation.
• Experience in financial preparation and auditing of financial statements during articles training.
• Solid understanding of alternate investment funds and capital markets.
• Good analytical ability to read and interpret fund documents.
• Ability to manage client relationships and deliverables.

Responsibilities

• Perform fund accounting functions for Private Equity and Hybrid Funds: journal entries, monthly/quarterly/annual financials, payments, investor notices and client reporting.
• Manage client relationships and ensure deliverables are met daily/weekly/monthly/quarterly.
• Liaise with onshore team, clients and auditors to provide necessary support for approvals on schedule.
• Onboard new funds and migrate existing funds to accounting platform.
• Develop customized reports in Investran to support client requirements.
• Handle multiple client relationships and respond to ad hoc client requests.
• Manage fund-related bank wires and perform reconciliations (cash/position/market value).
• Notify clients of breaks and resolve issues; adjust accounting entries as needed.
• Review portfolio pricing and pricing exceptions; accrue fees and financing accruals as required.
• Communicate estimates/NAVs to clients and resolve queries promptly.
• Ensure OTC trades are booked correctly and finalize month-end NAVs; provide investor reports.
• Support audits and audits reviews; document issues and track to closure.
• Assist with automation, migrations and conversion projects.

Education

CA/CMA/CFA/CS/ACCA/CPA

Job description

Job Specification

• Perform Fund accounting function of the Private equity and Hybrid Funds that include recording Journal Entries, preparing monthly/Quarterly/Annual Financials, processing payments, preparing investor notices and various client reporting.


• Managing the client relationships for the Funds and individually handle the deliverable requirements on daily/weekly/monthly/Quarterly basis.


• Liaising with Onshore team, clients and Auditors on various requirements and ensure all supports are provided to the auditors to get the financials approved on the agreed timeline.


• Onboard new Funds in the accounting platform and migrating existing Funds from other locations.


• Develop customized reports in Investran to support the client requirements.


• Manage multiple client relationships.


• Understand and complete adhoc requests from clients.


• Manage the fund related bank wires on behalf of the client.


• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments


• Reviewing pricing of the portfolio and analysing the pricing exceptions if any.


• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.


• Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.


• Checking that all OTC products traded by the client have been booked correctly.


• Booking of Capital Activities of the fund.


• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.


• Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.


• Support operations on projects related to Automations/Work migrations/Conversions etc.

Skills Required

• Good conceptual knowledge in accounting principles and financial statement preparation.


• Experience in handling Financial preparation and auditing of Financial statements in article training


• Good understanding of alternate investment funds and capital market.


• Good Analytical skill and capability to read and interpret Fund documents.


• CA/CMA/CFA/CS/ACCA/CPA