Central Fund Accountant - BL, CT, MU, CL

AMICORP WEALTH SERVICES; Bengaluru; On-site; INR 700,000 - 1,000,000; Full time

Job summary

AMICORP WEALTH SERVICES is seeking a Fund Accountant in Bengaluru, India. The role involves preparing Net Asset Values (NAVs) and maintaining fund accounting records for a portfolio of investment funds.

Key responsibilities include reconciling investments, processing transactions, and ensuring compliance with fund regulations. The ideal candidate has a degree in Accounting or Finance, with 5-6 years of relevant experience and a strong attention to detail.

Qualifications

• 5-6 years' experience in fund accounting or asset management accounting.
• Experience with alternative investment funds preferred.
• Knowledge of NAV calculation methodologies and investment accounting.

Responsibilities

• Prepare periodic Net Asset Value (NAV) calculations for assigned funds.
• Maintain fund accounting records including general ledger and trial balances.
• Service fund clients to ensure timely and excellent delivery of services.

Skills

Fund Accounting

NAV Calculation

Investment Accounting

Numerical Skills

Communication

Detail-Oriented

Education

Degree in Accounting, Finance, or related discipline

Tools

Maconomy

PFX Paxus

Job description

Fund Accountant

The Fund Accountant is responsible for the preparation and production of Net Asset Values (NAVs), fund accounting records, and investor capital accounts for a portfolio of investment funds administered by the organization. The role sits within the organization’s centralized fund accounting function, which performs the core accounting and reporting activities for multiple funds and jurisdictions.

Primary Duties And Responsibilities

Fund Accounting & NAV Production

• Prepare periodic Net Asset Value (NAV) calculations for assigned funds.
• Maintain fund accounting records including general ledger, trial balances, investment registers.
• Process accounting entries relating to investment purchases and disposals, realized and unrealized gains/losses, income accruals, expense allocations.
• Calculate management fees and performance fees in accordance with fund documentation.
• Service fund clients to ensure timely and excellent delivery of services as agreed with each fund.
• Responsible for accurate and timely issuance of funds’ NAVs in line with prospectus, laws and regulations.
• Transaction monitoring and initiating investor payments and internal transfers for funds.

Investment Accounting

• Record and reconcile investment transactions including equities, debt instruments, private equity investments, structured products, derivatives where applicable.
• Maintain investment schedules and valuation records.
• Reconcile investment positions with custodians, brokers, and counterparties.

Investor Capital Accounting

• Maintain investor capital accounts for each fund.
• Process subscriptions, redemptions, capital calls, distributions.
• Calculate investor allocations of income, gains, and expenses.
• Prepare investor capital account statements.
• Constant monitoring of shareholder services to ensure up to date processing of subscription and redemptions, with timely completion of KYC/ AML checks.

Cash & Bank Reconciliations

• Perform periodic bank and cash reconciliations.
• Monitor fund cash balances and reconcile with fund accounting records.
• Investigate and resolve reconciliation differences.

Valuation Support & Financial Reporting

• Record investment valuations in accordance with valuation policies.
• Maintain valuation documentation and supporting calculations.
• Process valuation adjustments for NAV purposes.
• Assist in the preparation of financial statements, investor reports, capital account summaries.
• Preparation of financial statements, investor reports, capital account summaries, preparation of PBC items and liaison with Auditors.
• Support audit processes by preparing accounting schedules and responding to audit requests.
• Operational Aspects.
• Work closely with investor services teams, custody and treasury teams, legal and compliance teams, investment managers.
• Ensure accurate processing of fund transactions and accounting records.
• Ultimately responsible for all aspects of fund accounting which include creation of security masters, trade processing, pricing, valuation, recording corporate actions, calculation of interest/dividend accruals, cash/position /dividend/coupon reconciliations, periodic accruals, calculation of management/ performance fees, equalization etc.
• Ensure that a Fund Accountant may not review or approve NAV calculations that they have prepared themselves for the same reporting period.

Time Recording

• Accurately record chargeable time and value of service using Maconomy, ensure effective monitoring of transactions, handle pricing, invoicing and collection of outstanding fees for the portfolio of clients.
• Monitor own productivity and chargeability on weekly basis and review productivity and performance against targets to ensure that individual financial targets and client communication KPIs are met.
• Follow a disciplined approach to submitting timesheets for client work and meet the weekly and monthly time/ chargeability targets.

Other Duties

• Undertake the role of director, trustee, nominee, manager, partner, secretary, authorized signatory or any related position in internal entities or client entities of Amicorp Group, where necessary and required by the Management.
• Undertake such other duties, as may from time to time, be required by the Management or/ and Group Human Resources.

Qualifications, Skills, And Experience

• Degree in Accounting, Finance, or a related discipline with – 5-6 years’ experience in fund accounting, asset management accounting, fund administration.
• Experience working with alternative investment funds preferred, including private equity, real estate, venture capital, hedge funds.
• Knowledge of NAV calculation methodologies, investment accounting, capital account accounting, fund structures and investor allocations and accounting systems used in fund administration platforms.
• Hands on experience in Fund Accounting, Investor Services (Registrar and Transfer Agent services), Fund Structuring and/or Fund Directorships. Good understanding of Fund regulations. Knowledge of PFX Paxus preferred.
• Strong numerical and reconciliation skills with high level of attention to detail.
• Ability to manage multiple funds and reporting deadlines.
• Effective communication, teamwork and client/ stakeholder engagement abilities.
• Proactive, practical, creative and solution driven with a positive, can-do attitude and ambition to excel in the role.
• Independent, hands‑on and takes accountability to deliver solutions and results.
• Ability to adapt and work in a smaller, dynamic local team environment with tight deadlines; along with being part of a bigger matrix organization.
• Strong analytical and problem‑solving skills, solution driven, highly organized and detail‑orientated with good decision making and time management skills.
• Well‑developed spoken and written communication skills and the ability to tailor style to relevant audiences and successfully liaise with people at different levels. Excellent English language fluency: additional languages preferred.